Form 4: DocuSign CEO Allan Thygesen Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
DocuSign's CEO, Allan Thygesen, sold a total of 7,763 shares of common stock on December 2, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- Allan Thygesen, the President and CEO of DocuSign, sold 7,763 shares of the company's common stock on December 2, 2024.
- The sales were executed under a pre-arranged Rule 10b5-1 trading plan.
- The shares were sold in multiple transactions at varying prices.
- 3,646 shares were sold at an average price of $79.87, with prices ranging from $79.55 to $80.53.
- 4,017 shares were sold at an average price of $81.12, with prices ranging from $80.73 to $81.62.
- An additional 100 shares were sold at $81.73.
- Following these transactions, Thygesen directly owns 100,062 shares of DocuSign common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction under a pre-arranged plan, not indicative of any positive or negative sentiment. It's a neutral event.
Risks
- Sales by company insiders, even under pre-arranged plans, can sometimes be perceived negatively by the market.
Industry Context
Insider trading activity is a common occurrence in publicly traded companies, and sales under 10b5-1 plans are a routine way for executives to manage their personal finances while avoiding accusations of trading on non-public information. This activity is not unusual for a CEO of a public company.
Comparison to Industry Standards
- Sales by executives under 10b5-1 plans are common across the tech industry, with companies like Adobe, Salesforce, and Oracle having similar filings.
- The volume of shares sold by Thygesen is not unusual for a CEO of a company of DocuSign's size.
- The price range of the sales is within the typical trading range for DocuSign stock.
Stakeholder Impact
- The stock sale may have a minor impact on the share price, but it is unlikely to be significant given the pre-planned nature of the transactions.
Key Dates
| Date | Description |
|---|---|
| 12/02/2024 | Date of the stock sale transactions by Allan Thygesen. |
| 12/03/2024 | Date the Form 4 was signed. |
Keywords
DocuSign, Allan Thygesen, insider trading, Form 4, Rule 10b5-1, stock sale, executive compensation
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