DocuSign (DOCU) growth president sells 15,902 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DocuSign, Inc. president and general manager of growth Robert Chatwani reported selling a total of 15,902 shares of common stock in open-market transactions. The sales, made under a pre-arranged Rule 10b5-1 trading plan, were executed at prices around the low-to-mid $40s per share, and he continues to hold 79,485 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 15,902 shares ($683,940)
Net Sell
2 txns
Insider
Chatwani Robert
Role
President General Mgr, Growth
Sold
15,902 shs ($684K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 9,222 | $42.64 | $393K |
| Sale | Common Stock | 6,680 | $43.52 | $291K |
Holdings After Transaction:
Common Stock — 79,485 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 $42.28 to $43.25. 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 $43.30 to $43.67. 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
Shares sold (total): 15,902 shares
First trade size and price: 6,680 shares at $43.52
Second trade size and price: 9,222 shares at $42.64
+3 more
6 metrics
Shares sold (total)
15,902 shares
Net open-market sales reported in Form 4
First trade size and price
6,680 shares at $43.52
Open-market sale of common stock
Second trade size and price
9,222 shares at $42.64
Open-market sale of common stock
Shares held after trades
79,485 shares
Direct ownership following reported sales
Price range footnote 1
$42.28–$43.25
Range for a portion of shares sold
Price range footnote 2
$43.30–$43.67
Range for another portion of shares sold
Key Terms
Rule 10b5-1 plan, open-market sale, Common Stock, Form 4, +1 more
5 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_action: open-market sale"
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
"security_title: 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
"INSIDER FILING DATA (Form 4):"
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.
non-derivative financial
"transaction_type: non-derivative"
FAQ
What insider transaction did DOCUSIGN, INC. (DOCU) report for Robert Chatwani?
DOCUSIGN, INC. reported that executive Robert Chatwani sold 15,902 shares of common stock. The transactions were open-market sales executed under a Rule 10b5-1 trading plan, meaning they were pre-scheduled rather than discretionary trades timed to short-term market movements.
What type of Form 4 transactions did DOCUSIGN (DOCU) disclose for Robert Chatwani?
DOCUSIGN disclosed two non-derivative Form 4 transactions for Robert Chatwani, both coded “S” for open-market sales of common stock. There were no option exercises, gifts, or tax-withholding entries, and the transactionSummary shows a net sale of 15,902 shares.