DocuSign (DOCU) director exercises 725 RSUs, sells 363 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DocuSign director Anna Marrs reported an option exercise and a small share sale. On June 4, 2026, she exercised 725 restricted stock units, converting them into 725 shares of common stock at an exercise price of $0.00 per share. On June 5, 2026, she then executed an open-market sale of 363 common shares at $49.42 per share under a pre-arranged Rule 10b5-1 trading plan, leaving her with 12,977 common shares held directly after the transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 363 shares ($17,939)
Net Sell
3 txns
Insider
Marrs Anna
Role
null
Sold
363 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 363 | $49.42 | $18K |
| Exercise | Restricted Stock Units | 725 | $0.00 | -- |
| Exercise | Common Stock | 725 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,977 shares (Direct, null);
Restricted Stock Units — 0 shares (Direct, null)
Footnotes (1)
- The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person. Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. The RSUs will vest in twelve equal quarterly installments over three years, with a vesting commencement date of June 4, 2023, in each case subject to the Reporting Person being a service provider through each such date. The RSUs do not expire; they either vest or are canceled prior to vesting date.
Key Figures
Shares sold: 363 shares
Sale price per share: $49.42 per share
Shares acquired via RSU exercise: 725 shares
+2 more
5 metrics
Shares sold
363 shares
Open-market sale on June 5, 2026
Sale price per share
$49.42 per share
Open-market sale of common stock
Shares acquired via RSU exercise
725 shares
RSU conversion on June 4, 2026
RSU exercise price
$0.00 per share
Conversion of restricted stock units
Shares held after transactions
12,977 shares
Direct ownership after June 5, 2026
Key Terms
Rule 10b5-1 plan, restricted stock unit ("RSU"), vesting commencement date, contingent right
4 terms
Rule 10b5-1 plan regulatory
"The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
restricted stock unit ("RSU") financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock."
vesting commencement date financial
"The RSUs will vest in twelve equal quarterly installments over three years, with a vesting commencement date of June 4, 2023,"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
contingent right financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock."
FAQ
What insider transactions did DOCUSIGN (DOCU) director Anna Marrs report?
Anna Marrs reported exercising 725 restricted stock units into common stock and selling 363 DOCUSIGN shares. The sale occurred at $49.42 per share, and she held 12,977 shares directly after these transactions.
Was the DOCUSIGN (DOCU) insider sale by Anna Marrs under a Rule 10b5-1 plan?
Yes. The filing states that the sale transaction was effected pursuant to a Rule 10b5-1 trading plan. Such plans allow insiders to pre-schedule trades, making the timing of sales less indicative of their current views on the stock.