Form 4: DocuSign CFO Blake Grayson Sells Shares Under 10b5-1 Plan

DocuSign's Chief Financial Officer, Blake Jeffrey Grayson, executed sales of common stock on February 14, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• On February 14, 2025, Blake Jeffrey Grayson, the Chief Financial Officer of DocuSign, sold 7,073 shares of common stock at an average price of $86.79.
• Additionally, Grayson sold 927 shares at an average price of $87.75 on the same day.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
• Following these transactions, Grayson directly owns 77,851 shares of DocuSign common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock sales by an executive. The sales were conducted under a pre-arranged plan, so it doesn't necessarily reflect a negative sentiment towards the company's prospects.

Industry Context

Sales by company executives are a normal part of corporate governance. Investors often monitor these sales for insights into management's perspective on the company's valuation and future prospects. Sales under 10b5-1 plans are less likely to be indicative of management sentiment, as these plans are pre-arranged.

Stakeholder Impact

• The stock sales may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates