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

James P. Shaughnessy, Chief Legal Officer of DocuSign, sold a total of 7,500 shares of common stock on April 1, 2025, under a pre-arranged Rule 10b5-1 trading plan.

Summary

• James P. Shaughnessy, the Chief Legal Officer of DocuSign, sold 6,900 shares of DocuSign common stock at a weighted average price of $81.26 on April 1, 2025.
• He also sold 600 shares at a weighted average price of $81.86 on the same day.
• These transactions were executed under a pre-arranged Rule 10b5-1 trading plan.
• Following these sales, Shaughnessy directly owns 45,875 shares of DocuSign common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports stock sales under a pre-arranged plan, which is a common practice. It doesn't inherently indicate positive or negative sentiment about the company's future.

Industry Context

Sales by company insiders are a common occurrence and are often pre-planned to avoid accusations of insider trading. The market typically views these sales in the context of the overall financial health and future prospects of the company.

Stakeholder Impact

• The sale of shares by a high-ranking officer could cause some short-term uncertainty among shareholders, although the existence of a 10b5-1 plan mitigates this concern.

Key Dates

Keywords

DocuSign, DOCU, James P. Shaughnessy, Chief Legal Officer, Form 4, SEC, Share Sale, Rule 10b5-1 plan, Insider Trading