Form 4: DocuSign CEO Allan Thygesen Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
DocuSign's CEO, Allan Thygesen, sold 7,687 shares of common stock on April 1, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On April 1, 2024, Allan C. Thygesen, the President and CEO of DocuSign, sold 7,687 shares of DocuSign common stock.
- The sale was executed at a weighted average price of $59.34 per share, with individual prices ranging from $58.94 to $59.65.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
- Following the transaction, Thygesen directly owns 107,632 shares of DocuSign common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to an insider stock sale under a pre-arranged plan, which is neither particularly positive nor negative.
Industry Context
Sales by insiders 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 well in advance.
Stakeholder Impact
- The stock sale could have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 04/01/2024 | Date of stock sale transaction |
| 04/03/2024 | Date of Form 4 filing |
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