Form 4: Docusign Director James A. Beer Reports Stock Transactions

Director James A. Beer reported the vesting of restricted stock units and disposal of shares to cover taxes.

Summary

• On May 29, 2024, James A. Beer, a director of Docusign, Inc., reported transactions involving the company's common stock.
• Beer acquired 998 shares of common stock through the vesting of restricted stock units (RSUs) and disposed of 9,647 shares.
• Following these transactions, Beer directly owns 0 shares of common stock and indirectly owns 5,543 shares through a trust.
• He also acquired 4,273 restricted stock units, bringing his total holdings to 4,273 RSUs.
• The RSUs vest in equal quarterly installments over one year, with the final installment vesting on the earlier of the next annual meeting date or the one-year anniversary of the grant, contingent upon continued service.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.

Future Outlook

The reported RSUs will vest in quarterly installments over the next year, subject to continued service.

Industry Context

This Form 4 filing is a routine disclosure of stock transactions by a company insider, providing transparency to investors about the trading activities of key personnel.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.

Key Dates