Doximity accounting chief sells 2,613 shares for taxes
The Chief Accounting Officer's Class A sale covered tax withholding and occurred automatically under a Rule 10b5-1 plan adopted February 27, 2026.
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Rhea-AI Filing Summary
Doximity, Inc. Chief Accounting Officer Siddharth Sitaram exercised stock options covering 5,000 shares at an exercise price of $4.12 per share and 3,000 shares at an exercise price of $8.26 per share on October 14, 2026, and converted 8,000 Class B shares into 8,000 Class A shares. He also sold 2,613 Class A shares at $30.68 per share in a sell-to-cover transaction for tax withholding; the sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted February 27, 2026.
Insider Trade Summary 10b5-1
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F4, F5 | 5,000 | $0.00 | $0.00 |
| Exercise | Stock Option (Right to Buy) F6, F5 | 3,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F5 | 8,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F5, F1 | 8,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 8,000 | -- | -- |
| Sale | Class A Common Stock F2, F3 | 2,613 | $30.68 | $80K |
Footnotes (6)
- 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.
- F6. The shares subject to the stock option vest in 48 equal monthly installments following December 1, 2024, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on February 16, 2021.
Key Figures
Key Terms
sell-to-cover transaction financial
Rule 10b5-1 trading plan regulatory
final conversion date technical
permitted transfers regulatory
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