Form 4: DocuSign CEO Allan Thygesen Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
DocuSign's CEO, Allan C. Thygesen, sold 7,911 shares of common stock on July 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On July 1, 2024, Allan C. Thygesen, the President and CEO of DocuSign, sold 7,911 shares of DocuSign common stock.
- The sale was executed at a weighted average price of $53.77 per share, with prices ranging from $53.52 to $54.05.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Following the transaction, Thygesen directly owns 117,643 shares of DocuSign common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding an insider stock sale under a pre-arranged plan, so it has a neutral sentiment.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of trading on inside information. The use of a 10b5-1 plan suggests the sale was arranged in advance.
Stakeholder Impact
- The sale could have a minor negative impact on shareholder sentiment, although it is likely to be minimal given the pre-planned nature of the transaction.
Key Dates
| Date | Description |
|---|---|
| 07/01/2024 | Date of the stock sale transaction. |
| 07/02/2024 | Date of signature on the Form 4 filing. |
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