Form 4: DocuSign CEO Allan Thygesen Sells Shares Under 10b5-1 Plan

DocuSign's CEO, Allan Thygesen, executed sales of common stock on August 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On August 1, 2024, Allan C. Thygesen, the President and CEO of DocuSign, sold shares of DocuSign common stock.
• The sales were executed under a Rule 10b5-1 trading plan.
• A total of 6,052 shares were sold at an average price of $54.75.
• An additional 1,673 shares were sold at an average price of $55.41.
• Following these transactions, Thygesen directly owns 109,918 shares of DocuSign common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating stock sales by an executive. It's neutral in sentiment as it simply reports transactions.

Industry Context

Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-arranged. Investors often monitor these transactions for insights into management's perspective on the company's value.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, but given the pre-arranged nature of the 10b5-1 plan, the impact is likely to be minimal.

Key Dates