Doximity CAO sells 2,077 shares after option exercise
Rhea-AI Filing Summary
Doximity, Inc. (DOCS) reports that Chief Accounting Officer Siddharth Sitaram exercised stock options for 5,000 shares of Class B Common Stock on September 15, 2026, which converted into Class A Common Stock, and then sold 2,077 Class A shares in a sell-to-cover tax transaction.
The option had an exercise price of $4.12 per share, expires on December 21, 2030, and this exercise left 54,000 option shares reported as held directly. The sales occurred automatically under a Rule 10b5-1 trading plan adopted on February 27, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Sitaram Siddharth
Role
Chief Accounting Officer
Sold
2,077 shs ($54K)
Approx. gross sale proceeds
$54K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F4, F5 | 5,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F5 | 5,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F5, F1 | 5,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 5,000 | -- | -- |
| Sale | Class A Common Stock F2, F3 | 2,077 | $26.02 | $54K |
Holdings After Transaction:
Stock Option (Right to Buy) — 54,000 contracts (Direct);
Class B Common Stock — 0 contracts (Direct);
Class A Common Stock — 96,045 shares (Direct)
Footnotes (5)
- F1. 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.
- F2. The sales reported in this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 27, 2026.
- F3. Represents shares of Class A Common Stock sold by the Reporting Person in a sell-to-cover transaction to satisfy the tax withholding obligations in connection with the exercise of a stock option previously granted to the Reporting Person.
- F4. The shares subject to the stock option vested as to 1/4th of the total number of shares on November 23, 2021 and the remaining shares vested in 36 equal monthly installments thereafter, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on December 22, 2020.
- F5. 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.
Key Figures
Shares sold: 2,077 shares
Sale price: $26.02 per share
Options exercised: 5,000 shares
+4 more
7 metrics
Shares sold
2,077 shares
Class A Common Stock sold on September 15, 2026
Sale price
$26.02 per share
Price for 2,077 Class A shares sold on September 15, 2026
Options exercised
5,000 shares
Stock option for Class B Common Stock exercised on September 15, 2026
Option exercise price
$4.12 per share
Conversion or exercise price of the stock option exercised
Options held after transaction
54,000 shares
Total shares underlying the reported stock option following the exercise
Option expiration
December 21, 2030
Expiration date of the exercised stock option
10b5-1 plan adoption date
February 27, 2026
Date the Rule 10b5-1 trading plan governing the sales was adopted
Key Terms
Rule 10b5-1 trading plan, sell-to-cover transaction, Class B Common Stock, Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"sales reported in this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
sell-to-cover transaction financial
"sold by the Reporting Person in a sell-to-cover transaction to satisfy the tax withholding"
A sell-to-cover transaction is when a person granted company stock (for example as part of compensation or option exercise) immediately sells enough of those shares to pay required taxes or exercise costs and keeps the rest. Think of it like cashing part of a bonus to cover the tax bill; it provides necessary cash without the holder needing outside funds. Investors watch these sales because they increase trading volume and slightly reduce insider holdings, but they often reflect routine tax or cost management rather than a judgment on the company’s prospects.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"converted into one share of Class A Common Stock, par value $0.001 per share"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
stock option financial
"The shares subject to the stock option vested as to 1/4th of the total number of shares"
A stock option is a contract that gives you the right to buy or sell a company's stock at a specific price within a certain time frame. People use them to potentially make money if the stock's price moves favorably or to protect against losses. It's like holding a coupon that can be used to buy or sell stock at a set price later on.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Doximity (DOCS) executive Siddharth Sitaram report on this Form 4?
He exercised options for 5,000 Class B shares, which converted into Class A Common Stock, and then sold 2,077 Class A shares on September 15, 2026 in a sell-to-cover transaction related to tax withholding.
Were the Doximity (DOCS) insider transactions under a Rule 10b5-1 plan?
Yes. The filing states the sales occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Siddharth Sitaram on February 27, 2026, and the document-level Rule 10b5-1 checkbox is marked true.
What options did the Doximity (DOCS) insider exercise in this filing?
He exercised a stock option for 5,000 shares of Class B Common Stock with an exercise price of $4.12 per share. After the transaction, 54,000 shares underlying this option are reported as held directly, and the option expires on December 21, 2030.
AI-generated analysis. How Rhea-AI works. Not financial advice.
