Form 4: DocuSign Director Exercises Options and Sells Shares

Enrique T. Salem, a director at DocuSign, exercised stock options and sold 10,000 shares of common stock on January 10, 2025.

Summary

• Enrique T. Salem, a director of DocuSign, executed a transaction involving the company's stock on January 10, 2025.
• Mr. Salem exercised options to acquire 10,000 shares of DocuSign common stock at a price of $13.43 per share.
• Concurrently, Mr. Salem sold 10,000 shares of DocuSign common stock at a weighted average price of $91.561 per share.
• The sale was executed in multiple transactions with prices ranging from $91.55 to $91.60 per share.
• Following these transactions, Mr. Salem directly owns 162,265 shares of DocuSign common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a director's stock transactions. It doesn't indicate any positive or negative sentiment about the company's performance.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the transactions of company directors.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
• The reported transactions are typical for directors who receive stock options as part of their compensation.
• The sale price of $91.561 per share is a reflection of the current market value of DocuSign stock at the time of the transaction.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding insider trading activity.
• The sale of shares by a director could be interpreted in various ways by the market, but it is a common occurrence.

Key Dates

Keywords

DocuSign, stock options, insider trading, Form 4, share sale, equity, director