The cluster of open-market sales by the CFO and multiple directors without disclosed 10b5-1 plans is a cautionary signal, though the dollar amount is small relative to market cap. Monitor for any upcoming earnings pre-announcement or material change in business outlook that could explain the timing.
Price Chart
Executive Summary
Four Docusign insiders, including the CFO and three directors, sold a total of ~$1.87M in open-market sales over a one-week window. The CFO's sales of ~$1.0M and director Solvik's sales of ~$1.0M dominate the cluster. While the dollar amount is modest relative to Docusign's market cap, the cluster includes a C-suite officer and multiple directors selling concurrently, which warrants attention.
Key Financial Metrics
Key Facts
- CFO Blake Grayson sold ~$1.0M in open-market sales on 2026-09-08 across four trades.
- Director Peter Solvik sold ~$1.0M in two trades on 2026-09-10.
- Directors Teresa Briggs and Anna Marrs each sold ~$35K-$37K.
- Total cluster value is ~$1.87M; no 10b5-1 plan indication is noted in the filing data.
Financial Impact
~$1.87M in insider open-market sales, representing a modest fraction of Docusign's market cap (likely <0.1%).
Risk Factors
- Insider sales may be liquidity-driven or part of pre-arranged plans not fully disclosed in the filing.
- No accompanying negative corporate news or guidance change is present in the filing context.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DOCU-1789597882580 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | Institutional Cluster | $85.27 | awaiting T+5 | — | $83.89 (−1.62%) |
Oct 2, 2026 24d ago | Insider Cluster | $70.03 $70.97 | ▼ −1.34% | ▼ −0.92% | $83.89 (−19.79%) |
Sep 16, 2026 5w ago | 144 | $70.64 $68.99 | ▼ −2.34% | ▼ −2.94% | $83.89 (+18.76%) |
Sep 15, 2026 5w ago | Insider Cluster | $70.40 $69.49 | ▼ −1.29% | ▼ −3.37% | $83.89 (+19.16%) |
Sep 15, 2026 6w ago | Insider Cluster | $70.40 $69.49 | ▲ +1.29% | ▲ +3.12% | $83.89 (−19.16%) |
Sep 15, 2026 6w ago | Insider Cluster | $70.40 $69.49 | ▲ +1.29% | ▲ +3.12% | $83.89 (−19.16%) |
Sep 11, 2026 6w ago | Insider Cluster | $69.76 $68.57 | ▼ −1.71% | ▼ −1.81% | $83.89 (+20.26%) |
Sep 9, 2026 6w ago | Insider Cluster | $65.80 $70.64 | ▲ +7.36% | ▲ +6.73% | $83.89 (+27.49%) |
Sep 8, 2026 6w ago | Insider Cluster | $64.45 $70.40 | ▲ +9.23% | ▲ +10.33% | $83.89 (+30.16%) |
Jul 1, 2026 16w ago | Insider Cluster | $45.77 $48.76 | ▼ −6.53% | ▼ −5.60% | $83.89 (−83.29%) |
US Market Status
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