DocuSign (DOCU) growth president sells 16,696 shares in planned trades
Rhea-AI Filing Summary
DocuSign, Inc. executive Robert Chatwani reported selling 16,696 shares of Common Stock in open-market transactions. The sales took place on March 18, 2026 at prices reported around $45.52 to $49.50 per share. After these trades, he directly holds 72,458 DocuSign shares. The filing notes the transactions were carried out under a pre-arranged Rule 10b5-1 trading plan, indicating they were scheduled in advance rather than timed discretionarily.
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Insights
Routine planned sale by DocuSign executive, still retaining a sizable stake.
DocuSign’s President and General Manager, Growth, Robert Chatwani executed open-market sales totaling 16,696 Common Stock shares on March 18, 2026, at prices ranging from about $45.52 to $49.50 per share. These are straightforward non-derivative stock sales.
The filing states the transactions were made under a Rule 10b5-1 trading plan, meaning they were pre-scheduled rather than opportunistic. After the sales, Chatwani continues to hold 72,458 shares directly, so this represents a partial reduction of his equity exposure rather than a full exit.
Because the trades are both pre-planned and leave a meaningful remaining position, they typically read as routine liquidity or diversification activity. Future SEC ownership reports will show whether this is a one-time event or part of an ongoing selling pattern.
FAQ
What insider transaction did DocuSign (DOCU) report for Robert Chatwani?
DocuSign reported that executive Robert Chatwani sold 16,696 shares of Common Stock in open-market transactions. The sales occurred on March 18, 2026 and were executed at prices around $45.52 to $49.50 per share, according to the Form 4 filing.
At what prices did Robert Chatwani sell DocuSign (DOCU) shares?
Robert Chatwani’s reported DocuSign share sales were priced around $45.52 to $49.50 per share. Individual transaction entries list representative prices of $45.52, $46.67, $47.92, $48.93 and $49.50, with footnotes noting broader price ranges within each sale tranche.
How many DocuSign (DOCU) shares does Robert Chatwani hold after the sales?
After the reported sales, Robert Chatwani directly holds 72,458 DocuSign Common Stock shares. The Form 4 shows his share balance declining across the March 18, 2026 transactions, ending with this post-transaction ownership figure in the non-derivative holdings table.
Were Robert Chatwani’s DocuSign (DOCU) share sales under a Rule 10b5-1 plan?
Yes, the filing states the transactions were effected under a Rule 10b5-1 trading plan. This indicates the sales were pre-arranged in advance of execution, which typically reduces the significance of the specific timing versus discretionary, unscheduled insider trading activity.
Does the DocuSign (DOCU) Form 4 show option exercises or only stock sales?
The Form 4 data provided shows only open-market sales of Common Stock and no option exercises. The derivative section is empty in this filing, and the transaction codes are all “S,” which correspond to non-derivative stock sale transactions.