Form 4: Docusign Executive Robert Chatwani Sells Shares Under 10b5-1 Plan

Robert Chatwani, President and General Manager, Growth at Docusign, sold 14,799 shares of common stock at an average price of $52.17 on June 24, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On June 24, 2024, Robert Chatwani, President and General Manager, Growth at Docusign, sold 14,799 shares of Docusign common stock.
• The sale was executed at an average price of $52.17 per share.
• The transaction was conducted under a Rule 10b5-1 plan previously adopted by Chatwani.
• Following the transaction, Chatwani directly owns 68,083 shares of Docusign common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence in publicly traded companies. They can be influenced by various factors, including personal financial planning and diversification strategies. The use of 10b5-1 plans allows executives to sell shares at predetermined times to avoid accusations of insider trading.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.

Key Dates