Chatwani Robert 4

What Happened
Robert Chatwani, President General Manager, Growth at DocuSign (DOCU), sold a total of 16,696 shares in five open-market transactions on March 18, 2026, for aggregate proceeds of roughly $803,043. The reported trades were: 1,395 shares @ $45.52 ($63,500); 3,085 shares @ $46.67 ($143,977); 4,300 shares @ $47.92 ($206,056); 4,092 shares @ $48.93 ($200,222); and 3,824 shares @ $49.50 ($189,288). These were sales (transaction code S), not purchases.

Key Details

• Transaction date: March 18, 2026 (filed March 19, 2026) — filing appears timely.
• Prices reported per tranche: $45.52, $46.67, $47.92, $48.93, $49.50; footnotes indicate sales in those tranches ranged approximately $45.25–$49.80 and that a per-price breakdown is available on request (F2–F6).
• Total shares sold: 16,696; approximate total proceeds: $803,043.
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Notable footnote: F1 states the transactions were effected pursuant to a Rule 10b5-1 trading plan (prearranged plan). F2–F6 provide price-range details and note the reporting person can supply full per-price allocations on request.
• Transaction type: Sale (S).

Context
A 10b5-1 plan allows company insiders to execute pre-set trades according to a schedule and is commonly used to avoid timing questions; such sales under a plan are typically routine and do not, by themselves, indicate a change in insider sentiment. For retail investors, purchases by insiders tend to be more directly interpreted as positive signals; this filing documents scheduled sales.