DocuSign (DOCU) director logs 365-share sale and 729 RSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DOCUSIGN, INC. director Anna Marrs reported mixed share activity. On March 3, 2026, she executed an open-market sale of 365 shares of common stock at $45.02 per share under a pre-arranged Rule 10b5-1 plan, leaving 11,889 shares of common stock directly owned.
On February 28, 2026, 729 Restricted Stock Units (RSUs) were exercised into 729 shares of common stock. Each RSU represents one share, with RSUs scheduled to vest quarterly starting May 29, 2025 over one year, subject to continued service, and they either vest or are canceled rather than expiring.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 365 shares ($16,432)
Net Sell
3 txns
Insider
Marrs Anna
Role
Director
Sold
365 shs ($16K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 365 | $45.02 | $16K |
| Exercise | Restricted Stock Units | 729 | $0.00 | -- |
| Exercise | Common Stock | 729 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 11,889 shares (Direct);
Restricted Stock Units — 729 shares (Direct)
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 have a vest commencement date of May 29, 2025 and will vest in equal quarterly installments over one year, provided that the fourth quarterly installment shall vest in full on the earlier of (i) the date of the Company's next annual meeting of stockholders and (ii) the one year anniversary of the grant, 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.
FAQ
What insider transactions did DOCUSIGN (DOCU) director Anna Marrs report?
Anna Marrs reported a sale of 365 shares of DOCUSIGN common stock at $45.02 per share, plus the conversion of 729 RSUs into common shares. These transactions reflect both a small open-market sale and equity compensation vesting.
What Restricted Stock Unit activity did DOCUSIGN (DOCU) disclose for Anna Marrs?
DOCUSIGN disclosed that 729 RSUs held by Anna Marrs were exercised or converted into 729 shares of common stock. Each RSU represents a contingent right to receive one share upon vesting, reflecting equity compensation rather than a market purchase.
How do Anna Marrs’ DOCUSIGN (DOCU) RSUs vest over time?
Her RSUs have a vesting commencement date of May 29, 2025 and vest in equal quarterly installments over one year. The final quarterly installment vests on the earlier of the next annual stockholders’ meeting or the one-year anniversary, subject to continued service.
Do Anna Marrs’ DOCUSIGN (DOCU) RSUs expire if unvested?
The RSUs do not have a traditional expiration date; they either vest or are canceled before vesting. This means unvested units lapse if vesting conditions, including her continued status as a service provider, are not satisfied by the relevant dates.
Was the DOCUSIGN (DOCU) insider sale by Anna Marrs pre-planned?
Yes. The filing states the 365-share sale on March 3, 2026 was executed under a Rule 10b5-1 trading plan adopted by Anna Marrs, indicating the transaction was pre-arranged according to predetermined instructions rather than initiated opportunistically.