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

Director Daniel D. Springer reported the disposition and acquisition of DocuSign common stock and restricted stock units on June 17, 2024.

Summary

• On June 17, 2024, Daniel D. Springer, a director of DocuSign, reported transactions involving the company's common stock and restricted stock units (RSUs).
• Springer disposed of 5,520 shares of common stock and acquired 5,520 shares of common stock.
• Springer also disposed of 972 shares to cover tax obligations.
• Following these transactions, Springer directly owns 1,067,443 shares of DocuSign common stock and indirectly owns 139,825 shares through a trust.
• Additionally, Springer disposed of 3,338 and 2,182 Restricted Stock Units.
• Springer directly owns 8,728 Restricted Stock Units.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions by a company director, with no inherently positive or negative implications.

Future Outlook

The RSUs will continue to vest in quarterly installments, subject to continued service.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track the buying and selling activity of individuals with privileged information.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding insider activity.
• The vesting of RSUs incentivizes the director to continue providing service to the company.

Key Dates