The CFO's sales are routine in size relative to DOCU's $12.2B market cap and likely reflect standard diversification or tax planning. No open-market buying to offset. Monitor next 10-Q for any guidance changes, but this cluster alone does not warrant action.
Price Chart
Executive Summary
CFO Blake Grayson sold $2.1M worth of DOCU shares on Sep 4 at $70, followed by additional sales on Sep 8 totaling ~$1.74M at $65-67. Director James Beer also sold $29K on Aug 28. The CFO's sales are large in absolute terms but represent only ~0.03% of DOCU's $12.2B market cap, making them immaterial relative to company size. The cluster is entirely sells with no open-market buys, but the dollar amounts are trivial on a percentage-of-market-cap basis, consistent with routine portfolio diversification rather than a bearish signal.
Key Financial Metrics
Key Facts
- CFO Blake Grayson sold 30,000 shares at $70 on Sep 4 for $2.1M
- CFO sold additional 26,550 shares on Sep 8 at $65-67 for ~$1.74M
- Director James Beer sold 450 shares at $64.02 on Aug 28 for $29K
- Director Brian Roberts exercised 856 derivative shares at $0 (non-cash, no economic impact)
- Total open-market sales of ~$3.87M represent ~0.03% of DOCU's $12.2B market cap
- No open-market purchases in the cluster
Financial Impact
Total insider sales of ~$3.87M, or ~0.03% of market cap — trivial
Risk Factors
- CFO selling near $70 could indicate a perceived peak if fundamentals soften
- Historical model performance on DOCU reports shows negative average alpha at T+20 (-5.59%), suggesting the stock has been weak regardless of filing content
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-1789027410596 |
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% | $68.62 (−4.50%) |
Sep 11, 2026 20d ago | Insider Cluster | $69.76 $68.57 | ▼ −1.71% | ▼ −1.81% | $68.62 (−1.63%) |
Sep 9, 2026 23d ago | Insider Cluster | $64.45 $70.40 | ▲ +9.23% | ▲ +9.89% | $68.62 (+6.47%) |
Jul 2, 2026 13w ago | Insider Cluster | $45.77 $48.76 | ▼ −6.53% | ▼ −5.60% | $68.62 (−49.92%) |
Jun 4, 2026 17w ago | 8-K | $47.26 $45.03 | ▼ −4.72% | ▼ −5.29% | $68.62 (+45.20%) |
Jun 2, 2026 17w ago | Insider Cluster | $52.20 $45.13 | ▼ −13.55% | ▼ −9.73% | $68.62 (+31.45%) |
Jun 2, 2026 17w ago | Insider Cluster | $52.20 $45.13 | ▼ −13.55% | ▼ −9.73% | $68.62 (+31.45%) |
Jun 2, 2026 17w ago | Insider Cluster | $52.20 $45.13 | ▼ −13.55% | ▼ −9.73% | $68.62 (+31.45%) |
Apr 3, 2026 25w ago | Insider Cluster | $48.05 $45.42 | ▼ −5.47% | ▼ −9.60% | $68.62 (+42.81%) |
Apr 1, 2026 26w ago | 144 | $48.35 $42.84 | ▼ −11.40% | ▼ −15.01% | $68.62 (+41.91%) |
US Market Status
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