Form 4: DocuSign CFO Blake Jeffrey Grayson Reports Stock Transactions

DocuSign's Chief Financial Officer, Blake Jeffrey Grayson, reported the acquisition and disposal of DocuSign common stock and restricted stock units (RSUs) on March 15 and March 19, 2024.

Summary

• Blake Jeffrey Grayson, the CFO of DocuSign, filed a Form 4 detailing changes in beneficial ownership of DocuSign stock.
• On March 15, 2024, Grayson acquired 23,141 shares of common stock and disposed of 9,106 shares to cover tax obligations related to vesting RSUs.
• On March 19, 2024, Grayson sold 7,018 shares of common stock at an average price of $57.03 per share.
• Following these transactions, Grayson directly owns 21,051 shares of common stock.
• Grayson also holds 300,835 restricted stock units (RSUs) that vest quarterly over four years, commencing June 10, 2023.
• The sale of shares on March 19 was executed under a pre-arranged Rule 10b5-1 trading plan.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Key Dates