[Form 4] DOCUSIGN, INC. Insider Trading Activity

Rhea-AI Filing Summary

James A. Beer, a director of DocuSign, reported a sale of 450 shares of the company's common stock at $81.28 per share. After the sale, he is reported to beneficially own 14,199 shares directly and 5,543 shares indirectly through a trust, showing he remains a meaningful stakeholder. The filing notes the sale was effected under a Rule 10b5-1 trading plan, indicating the transaction followed a pre-established arrangement rather than ad hoc trading.

Positive

• Sale executed under a Rule 10b5-1 plan, which indicates the transaction followed a pre-established trading arrangement
• Significant continuing ownership: 14,199 shares directly and 5,543 shares indirectly, showing ongoing alignment with shareholders

Negative

• None.

Insights

Financial Analyst

TL;DR: Small, pre-planned insider sale; continuing ownership remains material relative to the sold amount.

The sale of 450 shares at $81.28 is modest in size and was executed under a Rule 10b5-1 plan, which typically reduces concerns about opportunistic insider timing. Post-transaction direct ownership of 14,199 shares plus 5,543 indirectly suggests alignment with shareholders remains intact. This disclosure is routine and unlikely to be materially informative about company fundamentals.

Corporate Governance Expert

TL;DR: Transaction follows governance best practices through a documented trading plan; disclosure is timely and standard.

The use of a Rule 10b5-1 plan is a governance-positive signal because it documents trading intent in advance, reducing insider-trading concerns. The reported ownership structure—direct and trust-held shares—is transparently disclosed. The size of the disposition is small relative to remaining holdings, so it does not indicate a meaningful shift in insider commitment based on this filing alone.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
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hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

BEER JAMES A

(Last) (First) (Middle)

C/O DOCUSIGN, INC.

221 MAIN STREET, SUITE 800

(Street)

SAN FRANCISCO CA 94105

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DOCUSIGN, INC. [ DOCU ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/16/2025		S		450(1)	D	$81.28	14,199	D
Common Stock								5,543	I	By Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.

Remarks:

	/s/ Derrick Chapman, Attorney-in-fact	09/17/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did DOCU director James A. Beer report on Form 4?

He reported a sale of 450 shares of DocuSign common stock at a price of $81.28 per share.

How many DocuSign shares does James A. Beer own after the reported transaction?

After the reported sale, he beneficially owns 14,199 shares directly and 5,543 shares indirectly through a trust.

Was the insider transaction part of a trading plan for DOCU insiders?

Yes. The filing states the transaction was effected pursuant to a Rule 10b5-1 plan adopted by the reporting person.

Does the Form 4 indicate a change in director status for DOCU reporting person?

No. The filing identifies James A. Beer as a director and indicates a routine securities transaction; it does not report a change in his relationship to the issuer.

Who signed the Form 4 filing for the reporting person?

The filing is signed by an attorney-in-fact, Derrick Chapman, on behalf of the reporting person.