DocuSign (DOCU) President of Growth Robert Chatwani Sells Shares

What Happened

• Robert Chatwani, DocuSign's President / General Manager, Growth, sold a total of 14,676 shares in open-market transactions on September 17, 2026. The filing reports two lots: 4,044 shares at $68.77 (≈ $278,106) and 10,632 shares at $69.66 (≈ $740,625), for combined proceeds of about $1,018,731. These were sales (not purchases or option exercises).

Key Details

• Transaction dates: 2026-09-17 (both lots).
• Reported per-share prices on the Form 4: $68.77 (4,044 shares) and $69.66 (10,632 shares).
• Combined proceeds: ≈ $1,018,731.
• Footnotes: (F1) Transactions were made pursuant to a Rule 10b5-1 trading plan; (F2/F3) shares in each lot were actually sold at multiple prices in the ranges $68.33–$69.32 and $69.37–$70.07 respectively (the filer can provide exact breakdowns on request).
• Shares owned after the transaction: Not specified in the information provided in this summary.
• Filing timeliness: The Form 4 was filed on 2026-09-21 for a 2026-09-17 trade, which appears later than the typical 2-business-day reporting requirement for Form 4s.

Context

• Sales under a Rule 10b5-1 plan are usually pre-scheduled and are commonly treated as routine liquidity rather than a new signal of insider sentiment. For retail investors, purchases typically garner more interpretive weight than routine sales; this filing documents a sizable but routine sale by a senior executive.