Doximity (DOCS) director logs option exercise, 2,000-share sale in Form 4
Rhea-AI Filing Summary
Doximity, Inc. director Form 4 shows option exercise, share conversion, and a small sale under a preset plan. On 01/02/2026, the reporting person exercised a stock option for 2,000 shares of Class B Common Stock at an exercise price of $1.54 per share, receiving an equivalent 2,000 Class B shares that are convertible into Class A shares.
That same day, 2,000 shares of Class B Common Stock converted into 2,000 shares of Class A Common Stock, and 2,000 Class A shares were sold at a price of $44.65 per share. After these transactions, the director beneficially owned 19,839 shares of Class A Common Stock directly and held 460,700 derivative securities in the form of stock options. The filing notes that the sale was made automatically under a Rule 10b5-1 trading plan adopted on November 12, 2024, indicating the trades were pre-arranged.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 2,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 2,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 2,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 2,000 | $0.00 | -- |
| Sale | Class A Common Stock | 2,000 | $44.65 | $89K |
Footnotes (1)
- Each share of Class B Common Stock, par value $0.001 per share (the "Class B Common Stock"), converted into one share of Class A Common Stock, par value $0.001 per share (the "Class A Common Stock"), at the option of the holder. The sales reported in this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 12, 2024. The stock option vested in 36 equal monthly installments after March 27, 2020, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on June 10, 2020. Each share of Class B Common Stock is convertible into one share of Class A Common Stock at any time at the option of the holder. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock, upon the following: (1) the sale or transfer of such share of Class B Common Stock, except for certain permitted transfers described in the Issuer's amended and restated certificate of incorporation; (2) the death or incapacity of the Reporting Person; and (3) on the final conversion date, defined as the earlier of (a) the tenth anniversary of the effectiveness of the registration statement in connection with the Issuer's initial public offering; or (b) the date specified by a vote of the holders of at least 66 2/3% of the outstanding shares of Class B Common Stock, voting as a single class.
FAQ
What insider transaction did Doximity (DOCS) report in this Form 4?
The Form 4 reports that a Doximity, Inc. director exercised a stock option for 2,000 shares of Class B Common Stock, converted those into 2,000 Class A shares, and sold 2,000 Class A shares on 01/02/2026.
Was the Doximity (DOCS) insider sale made under a Rule 10b5-1 trading plan?
Yes. The filing states that the sales reported occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 12, 2024.
What is the relationship of the reporting person to Doximity (DOCS)?
The reporting person is identified as a Director of Doximity, Inc. on the Form 4.