Doximity (DOCS) Form 144 — 5,000 Shares From Stock Option Exercise
Rhea-AI Filing Summary
Form 144 filed for DOCS: Proposed sale of 5,000 common shares on 09/12/2025 through Morgan Stanley Smith Barney LLC with an aggregate market value of $352,500. The filing states these 5,000 shares were acquired and paid for on 09/12/2025 via a stock option exercise and paid in cash. The filing reports the issuer's total shares outstanding as 187,299,459.
The notice also lists three prior sales by Regina M Benjamin in the past three months: 5,000 shares on 08/08/2025 for $315,000, 5,000 shares on 07/11/2025 for $300,200, and 10,000 shares on 06/25/2025 for $600,000. The filing does not provide the issuer name or filer CIK in the visible fields.
Positive
- Transaction details disclosed: acquisition date, nature (stock option exercise), payment method (cash), and broker identified
- Past three months sales provided: dates, amounts, and gross proceeds are listed for transparency
Negative
- Issuer name and filer CIK missing in the provided content, reducing context for investors
- Multiple recent insider sales totaling 20,000 shares in three months may warrant attention despite small size
Insights
TL;DR: Routine insider notice of a small proposed sale following a stock option exercise; not likely material to valuation.
The filing documents a 5,000-share proposed sale executed through a broker and acquired by option exercise and paid in cash the same day. Prior insider sales totaling 20,000 shares in the last three months are disclosed with gross proceeds of $1,215,200. Given the issuer's stated 187,299,459 shares outstanding, the reported proposed sale is a de minimis percentage of float. The filing appears complete on transaction details but omits the issuer name and filer identifiers in the provided text, limiting context.
TL;DR: Proper Form 144 mechanics shown, but repeated recent insider sales merit monitoring for governance transparency.
The form records compliance with Rule 144 procedures: broker, sale amount, acquisition method, and past three months of sales by the reporting person. Multiple recent sales by the same individual are documented, which governance teams typically note for potential signaling. The absence of visible issuer and filer CIK in the content restricts full evaluation of insider status or any planned trading program.