[144] DOCUSIGN, INC. SEC Filing

Rhea-AI Filing Summary

Form 144 filed for DOCU (DOCU) shows proposed sale of common stock by Robert Chatwani. The filing notifies an intended sale of 13,817 shares through Morgan Stanley Smith Barney on or about 09/17/2025 with an aggregate market value of $1,148,235.53. The shares to be sold were acquired as restricted stock and performance shares on 08/10/2025 and 09/10/2025, totaling 13,817 shares. The filer reported three prior open-market sales in the past three months: 22,875 shares on 06/18/2025 for $1,710,777.77, 1,682 shares on 09/15/2025 for $135,064.60, and 983 shares on 09/11/2025 for $78,040.37. The notice includes the seller's representation about absence of undisclosed material information.

Positive

• Disclosure compliance observed: planned sale, acquisition dates, and prior sales are fully reported
• Shares originated from compensation (restricted stock and performance shares), not undisclosed purchases

Negative

• Notable insider selling in the past three months including a large 22,875-share sale on 06/18/2025

Insights

Securities Compliance Analyst

TL;DR: Routine Section 144 notice for executive share dispositions; timing and prior recent sales are disclosed.

This filing is procedural under Rule 144 and documents a planned sale of 13,817 common shares by an insider through a registered broker. The filing identifies acquisition dates and types (restricted stock and performance shares), which supports compliance with Rule 144 holding-period and reporting requirements. Recent large sale on 06/18/2025 (22,875 shares) is disclosed, indicating material insider selling activity over the past quarter. There is no new operational or financial information about the issuer in this notice.

Equity Research Associate

TL;DR: Insider sales are evident but the filing contains no company performance data to change valuation.

The aggregated planned sale value (~$1.15M) and prior dispositions totaling material share counts are disclosed, which may be relevant for monitoring insider liquidity but do not in themselves reveal company fundamentals. Acquisition details (restricted shares, performance shares) confirm shares originated from compensation, not open-market purchases. This is informational for investors tracking insider activity but not a standalone signal of issuer performance.

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	13817	1148235.53	201104117	09/17/2025	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	09/10/2025	Restricted Stock	ISSUER			9846	09/10/2025	Not Applicable
Common	08/10/2025	Restricted Stock	ISSUER			1679	08/10/2025	Not Applicable
Common	09/10/2025	Performance Shares	ISSUER			2292	09/10/2025	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	09/15/2025	1682	135064.60
ROBERT CHATWANI 221 Main Street, Suite 800 San Francisco CA 94105	Common	09/11/2025	983	78040.37
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

Who is selling shares according to this Form 144 for DOCU?

The filer is Robert Chatwani, whose address is listed and who is the person for whose account the securities are to be sold.

How many shares does the Form 144 propose to sell and what is their value?

The filing proposes sale of 13,817 common shares with an aggregate market value of $1,148,235.53.

When is the proposed sale scheduled and through which broker?

The approximate date of sale is 09/17/2025 through Morgan Stanley Smith Barney LLC on NASDAQ.

What were the recent insider sales by this person in the past three months?

Three sales are reported: 22,875 shares on 06/18/2025 for $1,710,777.77, 1,682 shares on 09/15/2025 for $135,064.60, and 983 shares on 09/11/2025 for $78,040.37.

How were the securities being sold originally acquired?

The securities were acquired as restricted stock (08/10/2025 and 09/10/2025) and as performance shares (09/10/2025).