Form 4: DocuSign's Chief Legal Officer James P. Shaughnessy Sells Shares Under 10b5-1 Plan

James P. Shaughnessy, Chief Legal Officer of DocuSign, sold shares of common stock on October 9, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 9, 2024, James P. Shaughnessy, the Chief Legal Officer of DocuSign, sold shares of DocuSign common stock.
• The sales were executed under a pre-arranged 10b5-1 trading plan.
• A total of 3,215 shares were sold at an average price of $67.37, and 4,285 shares were sold at an average price of $68.17.
• Following these transactions, Shaughnessy directly owns 43,301 shares of DocuSign common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock sales by an executive. The sales were conducted under a pre-arranged 10b5-1 plan, suggesting they are not necessarily indicative of the executive's sentiment about the company's future prospects.

Industry Context

Insider sales are a common occurrence in publicly traded companies. They are often viewed in the context of overall company performance and insider sentiment. Sales under a 10b5-1 plan are generally less concerning as they are pre-arranged.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• The impact on employees, customers, suppliers, and creditors is likely to be negligible.

Key Dates