Form 4: DocuSign Director Anna Marrs Reports Stock Transactions
SEC Form 4 Filing
Director Anna Marrs reported the vesting and disposal of DocuSign common stock and restricted stock units on September 4, 2024.
Summary
- On September 4, 2024, Anna Marrs, a director of DocuSign, Inc. reported transactions involving DocuSign's common stock and restricted stock units (RSUs).
- Marrs disposed of 725 shares of common stock at a price of $0.
- The transaction involved the vesting of 725 restricted stock units, each representing a contingent right to receive one share of DocuSign's common stock.
- Following the reported transactions, Marrs beneficially owns 4,693 shares of common stock and 5,075 restricted stock units.
- The RSUs vest in twelve equal quarterly installments over three years, starting June 4, 2023, subject to continued service.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity by a director, which is normal course.
Key Dates
| Date | Description |
|---|---|
| June 4, 2023 | Vesting commencement date for restricted stock units. |
| September 4, 2024 | Date of the reported transactions (stock disposal and RSU vesting). |
| September 6, 2024 | Date of signature for the Form 4 filing. |
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