Thygesen Allan C. 4

What Happened
Allan C. Thygesen, President, CEO and Director of DocuSign (DOCU), sold a total of 26,250 shares on 2026-07-01 in two open-market transactions. The filing reports sales of 4,257 shares at $45.58 (≈ $194,034) and 21,993 shares at $46.11 (≈ $1,014,097), for total proceeds of about $1,208,131. These were sales (S), not purchases.

Key Details

• Transaction date: 2026-07-01. Transaction type: Sale (code S), executed as open-market or private sale.
• Reported line-item prices: 4,257 shares @ $45.58; 21,993 shares @ $46.11. Total shares sold: 26,250; total proceeds ≈ $1,208,131.
• Footnotes: F1 – transactions were effected under a Rule 10b5-1 trading plan. F2 – the first block was sold at prices ranging $44.96–$45.95; F3 – the second block at $45.96–$46.35. The filer will provide per-price breakdowns on request.
• Shares owned after the transaction: not specified in the provided filing.
• Filing timeliness: not indicated in the provided data.

Context
Sales executed under a Rule 10b5-1 plan are typically pre-arranged and can be routine portfolio-management activity rather than a real-time signal of the insider’s view. For retail investors, purchases tend to be more informative about insider conviction; this filing documents a planned sale by the CEO. No option exercises, gifts, or tax-withholding events are reported in the provided transaction details.