Form 4: DocuSign Director Daniel D. Springer Reports Stock Transactions

Director Daniel D. Springer reports the vesting and disposal of DocuSign stock and restricted stock units.

Summary

• On September 15, 2024, Daniel D. Springer, a director of DocuSign, Inc. (DOCU), reported transactions involving DocuSign common stock and restricted stock units (RSUs).
• Springer acquired 2,182 shares of common stock upon the vesting of restricted stock units.
• 359 shares were withheld by DocuSign to satisfy tax obligations related to the vesting of the RSUs.
• Following these transactions, Springer directly owns 894,264 shares of DocuSign common stock and indirectly owns 139,825 shares through a trust.
• Springer also holds 6,546 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing, so the sentiment is neutral. It reflects standard compensation practices and insider transactions.

Future Outlook

The RSUs will continue to vest in equal quarterly installments over four years from May 10, 2021, subject to continued service.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they represent routine insider activity related to stock-based compensation.

Key Dates