Form 4: DocuSign Chief Legal Officer Executes Pre-Arranged Stock Sale
Insider Trading Disclosure
DocuSign's Chief Legal Officer, James P. Shaughnessy, sold 7,500 shares of common stock on July 1, 2025, through a pre-arranged Rule 10b5-1 trading plan.
Summary
- James P. Shaughnessy, the Chief Legal Officer of DocuSign, Inc. (DOCU), disposed of a total of 7,500 shares of common stock.
- The transactions occurred on July 1, 2025, and were executed under a Rule 10b5-1 plan.
- One block of 6,739 shares was sold at an average price of $77.27 per share, with prices ranging from $76.67 to $77.65.
- A second block of 761 shares was sold at an average price of $77.70 per share, with prices ranging from $77.68 to $77.81.
- Following these transactions, James P. Shaughnessy beneficially owns 51,817 shares of DocuSign common stock.
Sentiment
Score: 5
Explanation: The document reports a routine insider stock sale executed under a Rule 10b5-1 plan, which is generally considered a neutral event and does not reflect positively or negatively on the company's immediate performance or outlook.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This filing represents a routine insider transaction for liquidity or portfolio diversification purposes, common among executives in the technology sector. The use of a Rule 10b5-1 plan indicates a pre-scheduled sale, which is a standard practice to avoid accusations of trading on material non-public information.
Related Party Transactions
- The sale of common stock by James P. Shaughnessy, Chief Legal Officer of DocuSign, constitutes a related party transaction as it involves an executive of the company trading its securities.
Stakeholder Impact
- Shareholders: The sale represents a minor dilution of insider ownership, but given it's a pre-planned transaction, it is unlikely to significantly impact shareholder sentiment or the company's stock price.
- Employees, Customers, Suppliers, Creditors: No direct impact is indicated by this routine insider trading disclosure.
Key Dates
| Date | Description |
|---|---|
| 07/01/2025 | Date of earliest transaction for the sale of common stock by James P. Shaughnessy. |
| 07/02/2025 | Date the Form 4 was signed by Lisa Yun, Attorney-in-fact for James P. Shaughnessy. |
Keywords
DocuSign, DOCU, Insider Trading, Form 4, Stock Sale, Executive Compensation, Rule 10b5-1, Common Stock, Legal Officer
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