by stockocean
DocuSign’s CEO Allan Thygesen just sold ~42% of his shares yesterday (Dec 19) for $5.7 million.
This is especially interesting given the The Wall Street Journal reported last Friday (Dec 15) that Docusign is exploring a sale…
The sale was effected pursuant to a Rule 10b5-1 plan (pre-planned sale) so may have triggered despite (not because of) the announcement.
But the size of the sale is still quite unusual. DOCU stock has risen ~38% over the last month given the recent bull run.
Pure speculation but some potential reasons on Allan’s selling of shares:
– General liquidity needs
– Lack of confidence in deal going through, realizing profits on recent run up
– Allan stepping down as CEO
Any other reasons?
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