SecBot SecBot
Insider Cluster (2 insiders) ·Filed Sep 8, 2026

DOCU

DOCUSIGN, INC.
NEUTRAL
Impact 4/10
Horizonweeks Processed1mo ago
Insider cluster: 2 insiders, $2.1M total
Actionable Insight • Neutral

The CFO's large sale warrants monitoring for any subsequent filings (e.g., 10b5-1 plan adoption, earnings release) that could clarify the motive.

DirectionNeutral
Confidencemedium
Horizonweeks
Latest settled — T+20d ⚠ clustered
DOCU ▲ +6.90% at T+20d
NEUTRAL call +6.90% · α vs SPY +4.96% · entry $64.45 → $68.90
Next anchor: T+60d in 5w
Latest observation: T+32 +13.57% FF3 residual α
Entry = T+0 close
Sep 8, 2026
via day close
T+1d
+2.09%
call +2.09% · α +2.69%
$65.80
settled 7w ago
T+5d
+9.23%
call +9.23% · α +10.33%
$70.40
settled 6w ago
T+20d
+6.90%
call +6.90% · α +4.96%
$68.90
settled 21d ago
T+60d
Pending
in 5w

Price Chart

Loading chart...

Executive Summary

Two DOCU insiders sold shares in a cluster: Director James A. Beer sold 450 shares for $29K, and CFO Blake Jeffrey Grayson sold 30,000 shares for $2.10M. The CFO's sale is the dominant event by dollar value, but it is a single large sale by one executive, not a broad cluster of multiple insiders selling. The total value ($2.13M) is ~0.65% of DOCU's $326M market cap, falling in the modest-to-significant range.

Key Financial Metrics

Direction
selling
Total Value
$2.1M
Insiders
2

Key Facts

  • CFO Blake Jeffrey Grayson sold 30,000 shares for $2.10M on 2026-09-04.
  • Director James A. Beer sold 450 shares for $29K on 2026-08-28.
  • Total insider sales value of $2.13M represents ~0.65% of DOCU's $326M market cap.
  • No open-market purchases were reported in this cluster.

Financial Impact

Total insider sales of $2.13M, ~0.65% of market cap.

insider ownershipfloat

Risk Factors

  • CFO sale could indicate negative non-public information, though no such evidence is present.
  • Insider sales may be part of a routine 10b5-1 plan or liquidity management.
  • Historical directional calls on DOCU have been unreliable, reducing confidence in a bearish read.

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-DOCU-1788911090119
19 reports for DOCU
Performance horizon
40% Hit rate @ T+5 2 of 5 directional calls Went positive at some point 4 of 5 best @ T+60▲ +40.15%Jun 4, 2026
Filters
Rows
Reports for DOCU — sortable, filterable
TypeNow
Oct 23, 2026
3d ago
Institutional Cluster
NEUTRAL ★ 2/10
$85.27awaiting T+5—$84.89 (−0.45%)
Oct 2, 2026
24d ago
Insider Cluster
BEARISH ★ 4/10
$70.03 $70.97▼ −1.34%▼ −0.92%$84.89 (−21.22%)
Sep 16, 2026
5w ago
144
NEUTRAL ★ 2/10
$70.64 $68.99▼ −2.34%▼ −2.94%$84.89 (+20.17%)
Sep 15, 2026
5w ago
Insider Cluster
NEUTRAL ★ 2/10
$70.40 $69.49▼ −1.29%▼ −3.37%$84.89 (+20.58%)
Sep 15, 2026
6w ago
Insider Cluster
BEARISH ★ 4/10
$70.40 $69.49▲ +1.29%▲ +3.12%$84.89 (−20.58%)
Sep 15, 2026
6w ago
Insider Cluster
BEARISH ★ 4/10
$70.40 $69.49▲ +1.29%▲ +3.12%$84.89 (−20.58%)
Sep 11, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$69.76 $68.57▼ −1.71%▼ −1.81%$84.89 (+21.69%)
Sep 9, 2026
6w ago
Insider Cluster
NEUTRAL ★ 3/10
$65.80 $70.64▲ +7.36%▲ +6.73%$84.89 (+29.01%)
Sep 8, 2026
6w ago
Insider Cluster
NEUTRAL ★ 4/10
$64.45 $70.40▲ +9.23%▲ +10.33%$84.89 (+31.71%)
Jul 1, 2026
16w ago
Insider Cluster
BEARISH ★ 6/10
$45.77 $48.76▼ −6.53%▼ −5.60%$84.89 (−85.47%)
Showing 10 of 19

US Market Status

Market Closed — Opens in 2h 42m

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers
Report published Sep 8, 2026