Form 4: DocuSign Director Daniel D. Springer Reports Stock Transactions
SEC Form 4 Filing
Director Daniel D. Springer reports the vesting and disposal of DocuSign stock and restricted stock units.
Summary
- On March 15, 2024, Daniel D. Springer, a director of DocuSign, Inc., reported transactions involving DocuSign common stock and restricted stock units (RSUs).
- Springer acquired 5,519 shares of common stock through the vesting of RSUs.
- He disposed of 1,106 shares to cover tax obligations related to the RSU vesting.
- Following these transactions, Springer directly owns 1,061,897 shares of DocuSign common stock and indirectly owns 139,825 shares through a trust.
- He also directly owns 3,338 and 10,910 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for directors and officers of publicly traded companies. It provides transparency into their trading activities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock and RSU transactions |
| 03/18/2024 | Date of signature on the Form 4 filing |
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