[144] DocuSign, Inc. SEC Filing

Rhea-AI Filing Summary

Form 144 for DOCU reports a proposed sale of 983 common shares through Morgan Stanley Smith Barney with an aggregate market value of $78,040.37, slated for approximately 09/11/2025 on NASDAQ. The shares were acquired as performance shares from the issuer on 09/10/2024. The filing also discloses a prior sale by an insider, Robert Chatwani, of 22,875 shares on 06/18/2025 for $1,710,777.77. The notice includes the standard certification that the seller is not aware of undisclosed material adverse information at the time of signing.

Positive

• Full Rule 144 details provided: sale quantity, broker, market value, expected sale date, and acquisition details are all disclosed
• Source of shares disclosed: shares were acquired as performance shares from the issuer on 09/10/2024, clarifying the holding origin
• Prior insider sale disclosed: the filing reports a recent sale by Robert Chatwani, increasing transparency about insider activity

Negative

• Insider selling activity: Robert Chatwani sold 22,875 shares on 06/18/2025 for $1,710,777.77, which investors may view negatively depending on context

Insights

Securities Analyst

TL;DR: Scheduled sale of 983 performance shares and a recent insider sale of 22,875 shares; disclosure follows Rule 144 protocol.

The filing documents a routine Rule 144 notice for the planned disposition of 983 common shares with a stated market value of $78,040.37 and an expected sale date of 09/11/2025 via Morgan Stanley Smith Barney. The underlying shares were granted as performance shares on 09/10/2024. Separately, the filing records a recent insider sale by Robert Chatwani of 22,875 shares generating $1,710,777.77 on 06/18/2025. These items are standard insider transaction disclosures and do not, by themselves, indicate undisclosed corporate developments.

Corporate Governance Expert

TL;DR: Disclosure is complete for a Rule 144 notice; seller attests no material nonpublic information exists.

The Form 144 contains the required information about the securities to be sold, acquisition date and nature (performance shares), broker details, and recent related sales. The signatory’s representation that no material nonpublic information is known is the customary attestation accompanying such notices, helping satisfy compliance expectations for planned insider sales under Rule 144 and 10b5-1 contexts.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	983	78040.37	201104117	09/11/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	09/10/2024	Performance Shares	ISSUER			983	09/10/2024	Not Applicable

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
ROBERT CHATWANI 221 Main Street, Suite 800 San Francisco CA 94105	Common	06/18/2025	22875	1710777.77

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does DOCU Form 144 report?

The filing reports a proposed sale of 983 common shares valued at $78,040.37, to be sold around 09/11/2025 on NASDAQ via Morgan Stanley Smith Barney.

How were the 983 DOCU shares acquired?

The shares were issued as performance shares by the issuer and acquired on 09/10/2024.

Did any insiders recently sell DOCU shares?

Yes. The filing discloses that Robert Chatwani sold 22,875 shares on 06/18/2025 for $1,710,777.77.

Which broker is handling the proposed sale in the Form 144?

The broker listed is Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza, New York, NY.

Does the filer attest to having material nonpublic information?

By signing, the person represents they do not know any material adverse information about the issuer that has not been publicly disclosed.