Docusign Directors Sell 46,548 Shares

Docusign director Peter Solvik sold 46,000 shares for approximately $3 million at an average price of $65.24, reducing his direct holdings while retaining beneficial interests through trusts and family entities. Director Teresa Briggs separately sold 548 shares for about $35,400 under a pre-arranged Rule 10b5-1 trading plan. The transactions came amid broader insider selling at Docusign, with company insiders recording 36 open-market sales and no purchases over the past six months. Institutional activity was mixed: Amundi cut its position by 34.9% in the second quarter, while other investors, including the California State Teachers’ Retirement System, increased their holdings. Docusign recently reported quarterly revenue of $875.75 million and earnings of $1.16 per share, exceeding analyst expectations, while its stock remained below its one-year high.