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DocuSign (DOCU) Chief Legal Officer sells 12,000 shares under Rule 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
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 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)
  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.
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
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.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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
Estimated average burden
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).
X
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Shaughnessy James P

(Last)(First)(Middle)
C/O DOCUSIGN, INC.
221 MAIN STREET, SUITE 800

(Street)
SAN FRANCISCO CALIFORNIA 94105

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
DOCUSIGN, INC. [ DOCU ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Legal Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock07/01/2026S11,754(1)D$45.53(2)53,061D
Common Stock07/01/2026S246(1)D$46.01(3)52,815D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. The transaction was effected pursuant to a Rule 10b5-1 plan adopted by the Reporting Person.
2. 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.
3. 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.
Remarks:
/s/ Derrick Chapman, Attorney-in-fact07/01/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

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.

How many DOCUSIGN (DOCU) shares did James P. Shaughnessy sell and at what prices?

James P. Shaughnessy sold 12,000 DocuSign common shares. The Form 4 lists 11,754 shares at $45.53 per share and 246 shares at $46.01 per share, with detailed execution prices falling within disclosed intraday ranges.

Were James P. Shaughnessy’s DOCUSIGN (DOCU) share sales under a Rule 10b5-1 plan?

Yes, the filing states the transactions were under a Rule 10b5-1 plan. A footnote explains that Shaughnessy adopted this pre-arranged trading plan, meaning the sales were scheduled in advance rather than timed discretionarily.

On what date did James P. Shaughnessy sell DOCUSIGN (DOCU) shares?

The reported DocuSign insider sales occurred on July 1, 2026. Both open-market transactions in common stock took place on that date, as reflected in the Form 4 transaction table and accompanying footnotes.

What price ranges were reported for James P. Shaughnessy’s DOCUSIGN (DOCU) share sales?

The Form 4 discloses two intraday price ranges for the sales. Footnotes state that shares were sold between $44.95 and $45.92 and between $45.99 and $46.03, with full breakdowns available to regulators and shareholders on request.

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.