This cluster is routine and non-informative. The sales are tiny relative to market cap, involve only directors (no C-suite), and follow a pattern of stock grants and derivative exercises that typically trigger tax-motivated sales. No actionable trading signal. Monitor next earnings (2.02) for fundamental direction.
Price Chart
Executive Summary
Three DOCU directors sold a total of $63K in open-market sales over a 5-day window, while multiple directors also received non-cash stock grants and exercised derivatives at $0. The sales are trivial relative to DOCU's $10.8B market cap (0.0006%), and the cluster is dominated by non-cash transactions (grants and derivative exercises) that carry no economic signal. The selling is likely liquidity-driven following vesting events, not a bearish signal.
Key Financial Metrics
Key Facts
- Total open-market sales: $63,000 (0.0006% of $10.8B market cap)
- Three directors sold: James A. Beer (450 shares, $25K), Anna Marrs (365 shares, $20K), Teresa Briggs (365 shares, $18K)
- Eight directors received non-cash stock grants of 4,384 shares each on June 1, 2026
- Multiple directors exercised derivatives at $0 strike price on May 29 and June 3, 2026
- No C-suite executives (CEO, CFO, etc.) participated in any sale or purchase
- Prior 30-day insider activity: only $45K in sells — this cluster is a modest continuation
Financial Impact
Total open-market sales of $63K represent 0.0006% of market cap — immaterial
Risk Factors
- No material risk identified from this insider activity
- Selling is too small to signal any deterioration in fundamentals
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DOCU-1780524215119 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 17d ago | Insider Cluster | $71.85 $66.76 | ▼ −7.08% | ▼ −9.21% | $68.64 (−4.47%) |
Sep 11, 2026 20d ago | Insider Cluster | $69.76 $68.57 | ▼ −1.71% | ▼ −1.81% | $68.64 (−1.61%) |
Sep 9, 2026 23d ago | Insider Cluster | $64.45 $70.40 | ▲ +9.23% | ▲ +9.89% | $68.64 (+6.49%) |
Jul 2, 2026 13w ago | Insider Cluster | $45.77 $48.76 | ▼ −6.53% | ▼ −5.60% | $68.64 (−49.96%) |
Jun 4, 2026 17w ago | 8-K | $47.26 $45.03 | ▼ −4.72% | ▼ −5.29% | $68.64 (+45.23%) |
Jun 2, 2026 17w ago | Insider Cluster | $52.20 $45.13 | ▼ −13.55% | ▼ −9.73% | $68.64 (+31.48%) |
Jun 2, 2026 17w ago | Insider Cluster | $52.20 $45.13 | ▼ −13.55% | ▼ −9.73% | $68.64 (+31.48%) |
Jun 2, 2026 17w ago | Insider Cluster | $52.20 $45.13 | ▼ −13.55% | ▼ −9.73% | $68.64 (+31.48%) |
Apr 3, 2026 25w ago | Insider Cluster | $48.05 $45.42 | ▼ −5.47% | ▼ −9.60% | $68.64 (+42.84%) |
Apr 1, 2026 26w ago | 144 | $48.35 $42.84 | ▼ −11.40% | ▼ −15.01% | $68.64 (+41.95%) |
US Market Status
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