DOCUSIGN (DOCU) director Teresa Briggs gets RSU grant and sells shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DOCUSIGN, INC. director Teresa Briggs reported a mix of equity compensation and routine trading activity. She received a grant of 4,384 restricted stock units, each representing one share of common stock, which will vest in equal quarterly installments over one year, subject to continued service. On the same filing, she exercised 729 RSUs into common stock and sold 365 common shares at $50.04 per share in an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, she holds 10,263 common shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 365 shares ($18,265)
Net Sell
4 txns
Insider
Briggs Teresa
Role
null
Sold
365 shs ($18K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 4,384 | $0.00 | -- |
| Exercise | Restricted Stock Units | 729 | $0.00 | -- |
| Exercise | Common Stock | 729 | $0.00 | -- |
| Sale | Common Stock | 365 | $50.04 | $18K |
Holdings After Transaction:
Restricted Stock Units — 4,384 shares (Direct, null);
Common Stock — 10,628 shares (Direct, null)
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. The RSUs have a vest commencement date of June 1, 2026 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.
Key Figures
RSUs granted: 4,384 units
RSUs exercised: 729 units
Shares sold: 365 shares
+3 more
6 metrics
RSUs granted
4,384 units
Restricted stock units granted to director Teresa Briggs
RSUs exercised
729 units
RSUs converted into DOCUSIGN common stock
Shares sold
365 shares
Open-market sale of DOCUSIGN common stock
Sale price
$50.04/share
Price per share for 365-share open-market sale
Shares held after
10,263 shares
DOCUSIGN common shares held directly post-transaction
Net sell shares
365 shares
Net sell direction from transaction summary
Key Terms
Restricted Stock Units, Rule 10b5-1 plan, vest in equal quarterly installments, contingent right
4 terms
Restricted Stock Units financial
"Each restricted stock unit ("RSU") represents a contingent right to receive one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
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.
vest in equal quarterly installments financial
"will vest in equal quarterly installments over one year, provided that the fourth quarterly installment"
contingent right financial
"represents a contingent right to receive one share of the Issuer's common stock"
FAQ
What did DOCUSIGN (DOCU) director Teresa Briggs report in this Form 4?
Teresa Briggs reported a new equity grant and routine trading activity. She received 4,384 restricted stock units and, in a separate move, exercised 729 RSUs and sold 365 common shares, leaving her with 10,263 DOCUSIGN shares held directly afterward.
How many DOCUSIGN (DOCU) restricted stock units were granted to Teresa Briggs?
Teresa Briggs was granted 4,384 restricted stock units. Each RSU represents a contingent right to receive one DOCUSIGN common share, vesting in equal quarterly installments over one year, subject to her continuing as a service provider through each applicable vesting date.
What is the vesting schedule for Teresa Briggs’ new DOCUSIGN (DOCU) RSU grant?
The 4,384 RSUs vest in equal quarterly installments over one year. The final quarterly installment vests on the earlier of the company’s next annual stockholder meeting or the one-year anniversary of the grant, assuming she remains a service provider through each vest date.
What does it mean that Teresa Briggs’ DOCUSIGN (DOCU) sale used a Rule 10b5-1 plan?
A Rule 10b5-1 plan is a pre-arranged trading program for insiders. The filing notes her share sale was executed under such a plan, indicating the timing and amount were set in advance, rather than decided opportunistically at the time of the trade.