Form 4: DocuSign CEO Allan Thygesen Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
DocuSign's CEO, Allan Thygesen, sold 7,725 shares of common stock on September 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On September 3, 2024, Allan C. Thygesen, the President and CEO of DocuSign, sold 7,725 shares of DocuSign common stock.
- The sale was executed at a weighted average price of $59.09 per share, with individual prices ranging from $58.82 to $59.45.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Following the transaction, Thygesen directly owns 102,193 shares of DocuSign common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often pre-planned to avoid accusations of insider trading. The use of a 10b5-1 plan suggests the sale was planned in advance.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect given the relatively small number of shares sold and the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 09/03/2024 | Date of stock sale transaction |
| 09/05/2024 | Date of Form 4 filing |
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