Form 4: DocuSign Director James A. Beer Reports Stock Transactions
SEC Form 4 Filing
Director James A. Beer reported the vesting of restricted stock units and subsequent disposal of shares, along with holdings in a trust.
Summary
- On August 29, 2024, James A. Beer, a director of DocuSign, Inc., reported transactions involving DocuSign common stock.
- These transactions included the vesting of 1,068 restricted stock units (RSUs) and the disposal of 1,068 shares of common stock.
- Following these transactions, Beer directly owns 3,205 derivative securities and 10,715 shares indirectly through a trust.
- The RSUs vest in equal quarterly installments over one year, commencing on May 29, 2024, subject to continued service.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company insider, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| May 29, 2024 | RSUs vest commencement date |
| August 29, 2024 | Date of stock transactions (RSU vesting and share disposal) |
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