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 disposal of restricted stock units on February 29, 2024.
Summary
- On February 29, 2024, Cain A. Hayes, a director of DocuSign, Inc., reported transactions involving DocuSign's common stock.
- Hayes vested 997 restricted stock units (RSUs) and subsequently disposed of them.
- The price per share at the time of vesting and disposal was $0.
- Following the reported transactions, Hayes directly owns 7,530 shares of DocuSign common stock and 998 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing. It simply reports stock transactions and doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the trading activities of individuals with access to non-public information.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- It helps maintain investor confidence by ensuring compliance with securities regulations.
Key Dates
| Date | Description |
|---|---|
| May 31, 2023 | Vest commencement date for the restricted stock units. |
| February 29, 2024 | Date of the reported stock transactions (vesting and disposal of RSUs). |
| March 01, 2024 | Date of signature for the Form 4 filing. |
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