Form 4: DocuSign Chief Legal Officer James P. Shaughnessy Sells Shares
SEC Filing Form 4
James P. Shaughnessy, Chief Legal Officer of DocuSign, sold 3,600 shares of common stock in two transactions on September 17 and 18, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- James P. Shaughnessy, the Chief Legal Officer of DocuSign, sold shares of the company's common stock.
- On September 17, 2024, he sold 1,800 shares at a price of $56.98 per share.
- On September 18, 2024, he sold another 1,800 shares at a price of $55.36 per share.
- These transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
- Following these transactions, Shaughnessy directly owns 50,801 shares of DocuSign common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine stock sales under a pre-arranged plan, which doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Insider selling can sometimes be viewed negatively by the market, but sales under a 10b5-1 plan are often pre-scheduled and may not reflect the insider's current view of the company's prospects.
Stakeholder Impact
- Shareholders may react to the news of insider selling, although the impact may be mitigated by the fact that the sales were made under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | James P. Shaughnessy sold 1,800 shares of DocuSign common stock at $56.98 per share. |
| 09/18/2024 | James P. Shaughnessy sold 1,800 shares of DocuSign common stock at $55.36 per share. |
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