Form 4: DocuSign CEO Allan Thygesen Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
DocuSign's CEO, Allan Thygesen, sold 8,086 shares of common stock on May 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 1, 2024, Allan C. Thygesen, the President and CEO of DocuSign, sold 8,086 shares of DocuSign common stock.
- The sale was executed under a Rule 10b5-1 trading plan.
- The shares were sold at prices ranging from $55.76 to $56.50, with an average price of $56.16.
- Following the transaction, Thygesen directly owns 99,546 shares of DocuSign common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, reporting a stock sale by the CEO under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.
Industry Context
Sales by insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The market typically views these sales in the context of the overall health and prospects of the company.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, depending on how the market interprets the transaction.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of the stock sale transaction. |
| 05/02/2024 | Date of the Form 4 filing. |
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