Form 4: DocuSign CEO Allan Thygesen Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
DocuSign's CEO, Allan Thygesen, sold 7,576 shares of common stock on June 3, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On June 3, 2024, Allan C. Thygesen, the President and CEO of DocuSign, Inc., sold 7,576 shares of DocuSign common stock.
- The sale was executed at a price of $54.89 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan.
- Following the transaction, Thygesen directly owns 91,970 shares of DocuSign common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a common occurrence, and the use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by the CEO could be perceived negatively by some shareholders, although the use of a 10b5-1 plan mitigates concerns about insider trading.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock sale transaction |
| 06/04/2024 | Date of Form 4 filing |
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