Form 4: DocuSign Director Cain A. Hayes Reports Stock Transactions
SEC Form 4 Filing
Director Cain A. Hayes of DocuSign, Inc. reports the vesting and subsequent disposal of restricted stock units on August 29, 2024.
Summary
- On August 29, 2024, Cain A. Hayes, a director of DocuSign, Inc., reported transactions involving DocuSign's common stock.
- Hayes vested 1,068 restricted stock units (RSUs), each representing a contingent right to receive one share of DocuSign's common stock.
- The vested RSUs were then disposed of at a price of $0.
- Following these transactions, Hayes directly owns 3,205 derivative securities and 9,596 shares of DocuSign common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting stock transactions by a company director. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency into the trading activities of individuals with access to privileged information.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | RSUs vest commencement date |
| August 29, 2024 | Date of transaction (vesting and disposal of RSUs) |
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