Form 4: Docusign Director Peter Solvik Reports Stock Transactions

Director Peter Solvik reports the vesting and disposal of restricted stock units in Docusign, along with indirect ownership details.

Summary

• On August 29, 2024, Peter Solvik, a director of Docusign, Inc., reported transactions involving Docusign common stock.
• Solvik disposed of 1,068 shares of common stock upon the vesting of restricted stock units (RSUs).
• The RSUs vested on August 29, 2024, and represent a contingent right to receive one share of Docusign's common stock each.
• The vesting schedule commenced on May 29, 2024, with equal quarterly installments over one year.
• Following the reported transactions, Solvik directly owns 3,205 derivative securities (RSUs).
• Solvik also indirectly owns 160,253 shares through a trust, 65,558 shares through children's trusts, 3 shares through a family partnership, and 6,458 shares through a spouse.

Sentiment

Score: 5

Explanation: This is a routine filing related to stock transactions by a company director, 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 investors.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.

Key Dates