Form 4: DocuSign Director, Irving Blake, Acquires Shares Through Vesting of Restricted Stock Units

Director Irving Blake acquired 1,068 shares of DocuSign common stock through the vesting of restricted stock units.

Summary

• Irving Blake, a director at DocuSign, acquired 1,068 shares of common stock on November 29, 2024.
• The acquisition was a result of the vesting of restricted stock units (RSUs).
• These RSUs were granted with a vest commencement date of May 29, 2024, and vest quarterly over one year.
• The reported transaction increased Blake's direct holdings to 2,137 shares.
• The price per share for the transaction was $0 as it was a vesting event.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It is a neutral event with no significant positive or negative implications for the company's performance or outlook.

Positives

• The vesting of RSUs indicates that the director is meeting the conditions of their grant.
• The increase in direct holdings shows a continued alignment of interest between the director and the company.

Industry Context

This is a standard SEC Form 4 filing, which is common for company directors and officers when they acquire or dispose of company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• Similar filings are common across all publicly traded companies when directors or officers trade company stock.
• The vesting schedule of one year with quarterly installments is a typical vesting structure for restricted stock units.
• The reporting of the transaction is in line with SEC regulations for insider trading.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates

Keywords

DocuSign, Director, Irving Blake, Restricted Stock Units, RSU, Vesting, Share Acquisition, Insider Trading