Form 4: DocuSign Executive Robert Chatwani Reports Stock Transactions

Robert Chatwani, a DocuSign executive, reported the acquisition and disposal of DocuSign common stock and restricted stock units on March 15, 2024.

Summary

• On March 15, 2024, Robert Chatwani, President General Mgr, Growth at DocuSign, engaged in transactions involving DocuSign's common stock and restricted stock units (RSUs).
• Chatwani acquired 90,028 shares of common stock through the vesting of restricted stock units.
• He disposed of 43,689 shares to cover tax obligations related to the vesting of these RSUs.
• Following these transactions, Chatwani directly owns 62,968 shares of DocuSign common stock and 280,090 restricted stock units.
• The RSUs vest over time, subject to continued service, and may accelerate upon certain terminations or a change in control.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions, indicating a neutral sentiment.

Future Outlook

The RSUs will continue to vest over time, subject to the Reporting Person's continued service with DocuSign.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of insiders.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership of DocuSign stock.
• Employees may be impacted by the vesting schedule of the RSUs.

Key Dates