Hi,
From your description the schematic is not complete.
Also the waveform makes no sense .. with the given circuit.
And the timing of the waveform? Are we talking about picoseconds, microseconds, seconds?
Is it a simulation (with ideal power supplies) .. or a real circuit? then how did you measure it (testing conditions)?
To be able to give good feedback we need to have full informations first.
**
Talking about absolute gate voltage of M1 is not very useful when discussing circuit functionality. A MOSFET works on V_GS (the voltage between gate and source).
Thus if you provide a graph for "absolute" V_Gate, then you also need to provide a graph with "absolute" voltage of V_Source .. to find out what´s happening.
Klaus