DOCU insider sales disclosed: 22,875 shares sold earlier, 1,682 planned

Rhea-AI Filing Summary

DOCUSIGN, INC. (DOCU) insider sale notice under Rule 144. The filer reports an intended sale of 1,682 restricted common shares, valued at $135,064.60, through Morgan Stanley Smith Barney on 09/15/2025 on NASDAQ. The shares were acquired as restricted stock from the issuer on 08/10/2024. The filing also discloses two recent sales by the same person: 983 shares sold on 09/11/2025 for $78,040.37 and a larger sale of 22,875 shares on 06/18/2025 for $1,710,777.77. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information.

Positive

• Compliance disclosure: The sale is reported under Rule 144 with broker details and seller certification
• Transaction details provided: Dates, amounts, broker, and aggregate values are explicitly stated

Negative

• Significant prior insider sale: 22,875 shares sold on 06/18/2025 for $1,710,777.77, which may be viewed as notable insider selling

Insights

Securities/Insider Trading Analyst

TL;DR: Insider intends to sell a small remaining block after substantial prior disposals this year.

The filing shows an intended compliant sale of 1,682 restricted shares and documents two recent dispositions, notably a 22,875-share sale that generated about $1.71 million on 06/18/2025. From an insider-activity perspective, the pattern indicates material selling earlier in the year followed by a smaller planned sale. Such disclosures are routine under Rule 144 and facilitate market transparency, but the earlier large sale is the most materially relevant item for investors monitoring insider confidence.

Corporate Governance Specialist

TL;DR: Filing is procedural and compliant; prior large sale is noteworthy for governance monitoring.

The notice documents acquisition as restricted stock on 08/10/2024 and a scheduled broker-assisted sale on 09/15/2025. The inclusion of the seller's certification about material information and the use of a broker are consistent with expected controls. Governance teams will note the 06/18/2025 sale of 22,875 shares for $1,710,777.77 as the most significant disclosure here when assessing insider alignment with shareholders.

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	1682	135064.60	201104117	09/15/2025	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	08/10/2024	Restricted Stock	ISSUER			1682	08/10/2024	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	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

What does the Form 144 for DOCU disclose?

The form discloses an intended sale of 1,682 restricted common shares valued at $135,064.60 to occur on 09/15/2025 via Morgan Stanley Smith Barney.

When were the shares being sold originally acquired?

The shares were acquired as restricted stock from the issuer on 08/10/2024.

Has the seller made other sales recently?

Yes. The filing reports sales of 22,875 shares on 06/18/2025 for $1,710,777.77 and 983 shares on 09/11/2025 for $78,040.37.

Through which broker will the planned sale occur?

The planned sale is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services on NASDAQ.

Does the filer assert they possess undisclosed material information?

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