Wilderotter Mary Agnes 4
Research Summary
AI-generated summary
DocuSign (DOCU) Director Mary Wilderotter Gifts Shares, Receives RSUs
What Happened
Mary Agnes Wilderotter, a director of DocuSign, transferred 57,333 shares of DOCU common stock to the Wilderotter Family Trust on April 2, 2026 (gift, $0). She also had a derivative conversion/exercise on May 29, 2026 that resulted in the acquisition of 729 shares and an immediate disposition of 729 shares (both reported at $0), and on June 1, 2026 she was granted 4,384 restricted stock units (RSUs) (reported at $0). The transfers and RSU activity were internal/gift and grants — not open-market purchases.
Key Details
- Transactions and reported prices:
- 2026-04-02: Gift of 57,333 shares to Wilderotter Family Trust — $0 per share (Disposed).
- 2026-05-29: Conversion/exercise of derivative — 729 shares acquired and simultaneously 729 shares disposed — $0 per share.
- 2026-06-01: Grant of 4,384 RSUs (derivative) — $0 per unit (Acquired).
- Shares owned after the transactions: Not specified in the filing. Per footnote, Wilderotter remains the beneficial owner of the securities held by the Family Trust.
- Footnotes of note:
- F1: The 57,333-share transfer was to a family trust of which Wilderotter is trustee and a beneficiary; she continues to be beneficial owner.
- F2–F5: RSUs represent rights to receive one share each; the RSUs vest quarterly over one year from their commencement dates (May 29, 2025 for the converted units and June 1, 2026 for the new grant); RSUs do not expire.
- Timeliness: The Form 4 was filed 2026-06-02 while the transactions occurred on 2026-04-02, 2026-05-29 and 2026-06-01 — the filing was submitted after the two-business-day reporting window for those trades.
Context
- Gifts (like the transfer to a family trust) are typically estate/planning moves and do not necessarily signal trading intent or a view on the company’s stock price. The filing states Wilderotter remains the beneficial owner of the trust shares.
- The May 29 derivative entries show conversion/exercise activity (acquired then disposed of 729 shares). The filing does not state the reason for the immediate disposition (e.g., settlement, transfer, or tax-related), so no assumptions are made.
- The June 1 item is a grant of RSUs that vest over time (see F3/F5); these are contingent rights to future shares and are not current open-market purchases.