Form 4: Docusign Director Peter Solvik Sells 10,000 Shares

Docusign director Peter Solvik sold 10,000 shares of common stock on January 10, 2025, at an average price of $91.26.

Summary

• Peter Solvik, a director at Docusign, sold 10,000 shares of the company's common stock on January 10, 2025.
• The sale was executed at a price of $91.26 per share.
• Following the transaction, Mr. Solvik directly owns 3,917 shares of Docusign stock.
• He also indirectly owns 150,253 shares through a trust, 65,558 shares through children's trusts, 6,458 shares through his spouse, and 3 shares through a family partnership.

Sentiment

Score: 5

Explanation: The document is a neutral report of a stock sale by a director, with no inherent positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity and is common for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for reporting insider transactions in publicly traded companies, such as Docusign.
• Similar filings are made by directors and officers of companies like Adobe, Salesforce, and Microsoft when they trade their company's stock.

Stakeholder Impact

• The sale of shares by a director may have a minor impact on shareholder sentiment.

Key Dates

Keywords

Docusign, Director, Stock Sale, Peter Solvik, Insider Trading, Form 4