DocuSign Officer Robert Chatwani Files Form 144 to Sell ~$1.02M in Common Stock
DOCUSIGN, INC.
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Filing Summary
Form 144 Notice of Proposed Sale Issuer: DOCUSIGN, INC. ($DOCU) Insider: Robert Chatwani (Officer) Proposed Sale Amount: 14,676 shares (~$1,018,716.93) Approx. Sale Date: 2026-09-17 Broker: Morgan Stanley Smith Barney LLC Trading Plan: Rule 10b5-1 adopted on 2026-03-20
Comprehensive Analysis
Executive Summary
On September 17, 2026, Robert Chatwani, an Officer at DocuSign, Inc. (NASDAQ: DOCU), filed a Form 144 detailing an intent to sell 14,676 shares of common stock with an estimated aggregate market value of approximately $1,018,716.93 (implied price of ~$69.41 per share).
Key Transaction Details
- Shares Proposed for Sale: 14,676 common shares
- Aggregate Market Value: $1,018,716.93
- Approximate Sale Date: September 17, 2026
- Securities Origin: Acquired between August 10, 2026, and September 10, 2026, via the vesting of performance shares and restricted stock.
- Pre-Arranged Trading Plan: Executed under a Rule 10b5-1 trading plan established on March 20, 2026.
- Recent Selling Activity: Mr. Chatwani previously sold 15,902 shares on June 22, 2026, generating gross proceeds of $683,938.66.
Market Impact & Trading Significance
The proposed disposition represents a minuscule fraction of DocuSign's 186,902,452 shares outstanding (<0.01%). Given that the sale is governed by a pre-scheduled Rule 10b5-1 plan adopted months earlier to liquidate newly vested equity compensation, this filing carries Low informational significance and reflects standard executive compensation liquidity rather than discretionary market timing.
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Important Disclaimer
This content is drawn from public SEC filings and may contain errors. It is for informational purposes only and is not investment, legal, or tax advice.
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