DocuSign CEO Allan Thygesen Sells $1.82M in Stock Under Rule 10b5-1 Plan

Executive Summary

On October 1, 2026, Allan C. Thygesen, President and Chief Executive Officer and Director of DocuSign, Inc. ($DOCU), executed open-market sales totaling 26,250 shares of Common Stock. The sales generated aggregate gross proceeds of approximately $1.82 million at a volume-weighted average price of $69.29 per share across three price tranches. Following these transactions, Thygesen retains direct beneficial ownership of 166,801 shares.

Transaction Breakdown

The transactions were executed in multiple tranches on October 1, 2026:

• Tranche 1: 7,475 shares at an average price of $68.53 ($67.89 to $68.87 range), totaling $512,261.75
• Tranche 2: 13,598 shares at an average price of $69.45 ($68.89 to $69.88 range), totaling $944,381.10
• Tranche 3: 5,177 shares at an average price of $69.98 ($69.89 to $70.16 range), totaling $362,286.46
• Total Disposed: 26,250 shares for $1,818,929.31

Context and Trading Plan

As noted in Footnote 1 of the filing, the sales were carried out pursuant to a pre-established Rule 10b5-1 trading plan adopted by Thygesen. Rule 10b5-1 plans provide affirmative defenses against allegations of insider trading by scheduling sales in advance under predetermined formulas or schedules.

Significance & Holdings Impact

Prior to the sale, Thygesen directly held 193,051 shares. The sale of 26,250 shares represents approximately 13.6% of his direct holdings. Because this transaction was scheduled under a 10b5-1 plan and represents routine executive liquidity rather than discretionary open-market dumping, the overall market impact is classified as Medium.