DocuSign (DOCU) Chief Legal Officer sells 12,000 shares under Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DocuSign, Inc. Chief Legal Officer James P. Shaughnessy reported open-market sales of company stock. On July 1, 2026, he sold a total of 12,000 shares of DocuSign common stock in two transactions under a pre-arranged Rule 10b5-1 trading plan.
One trade covered 11,754 shares at a reported price of $45.53 per share, and another covered 246 shares at $46.01 per share. Footnotes state the shares were actually sold in multiple trades at prices ranging from $44.95 to $45.92 and from $45.99 to $46.03, with full price-by-trade details available on request.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 12,000 shares ($546,478)
Net Sell
2 txns
Insider
Shaughnessy James P
Role
Chief Legal Officer
Sold
12,000 shs ($546K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 11,754 | $45.53 | $535K |
| Sale | Common Stock | 246 | $46.01 | $11K |
Holdings After Transaction:
Common Stock — 53,061 shares (Direct, null)
Footnotes (1)
- The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person. The shares were sold at prices ranging from $44.95 to $45.92. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price. The shares were sold at prices ranging from $45.99 to $46.03. The Reporting Person will provide upon request to the SEC, the Issuer or security holder of the Issuer, full information regarding the number of shares sold at each separate price.
Key Figures
Total shares sold: 12,000 shares
Larger trade size: 11,754 shares
Smaller trade size: 246 shares
+2 more
5 metrics
Total shares sold
12,000 shares
Open-market sales on July 1, 2026
Larger trade size
11,754 shares
Common Stock sold at $45.53 per share
Smaller trade size
246 shares
Common Stock sold at $46.01 per share
First price range
$44.95–$45.92
Detailed sale prices for part of the 12,000 shares
Second price range
$45.99–$46.03
Detailed sale prices for remaining shares
Key Terms
Rule 10b5-1 plan, open-market sale, Common Stock, Form 4
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.
open-market sale financial
"Transaction code S reflects an open-market sale of Common Stock by the insider."
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
"Both reported transactions involve sales of DocuSign Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"The insider transactions were disclosed in a Form 4 filed with the SEC."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did DOCUSIGN (DOCU) report for James P. Shaughnessy?
DocuSign reported that Chief Legal Officer James P. Shaughnessy sold company shares. On July 1, 2026, he executed open-market sales totaling 12,000 shares of DocuSign common stock as disclosed in a Form 4 insider trading report.
Is James P. Shaughnessy’s DOCUSIGN (DOCU) stock ownership entirely sold after these transactions?
No, the Form 4 shows remaining direct ownership after the sales. While the exact sequence of reported post-transaction share balances differs by line item, the filing indicates that Shaughnessy continued to hold DocuSign common stock following the 12,000-share disposition.