Shute (President, Field Operations) sold all 35,300 DOCU shares across 4 transactions for $1.9M at blended avg $52.87/share
Shute executed a complete liquidation of his DOCU position, selling 35,300 shares across four separate transactions on 2024-07-09 for a combined $1,866,297.24. This represents a 100.0% reduction in his holdings at an average price of $52.87, compared to the current price of $51.91 (-18.3% from the 52-week high of $63.55). Notably, Shute's prior five trades at DOCU show a 4-in-5 pattern of negative 90-day returns after sales (well-timed pattern), with the most recent sale (2024-03-19) followed by a 90-day decline of -10.5% to -11.2%. His cross-ticker track record across 7 prior sells shows an 85.71% well-timed rate at the 90-day mark, indicating a consistent pattern of selling before subsequent declines. The full divestiture and strong historical timing pattern at this ticker warrant investor attention to subsequent price action and any accompanying market-relevant developments.