DOCS insider sale of 2,000 shares at $70.01 and option exercise
Rhea-AI Filing Summary
Doximity insiders reported coordinated transactions on 10/01/2025. Reporting person Kira Wampler, a director, sold 2,000 shares of Class A common stock at $70.01 and concurrently acquired 2,000 shares through conversion/exercise activity tied to outstanding Class B shares and stock options. After these transactions the reporting person beneficially owned 19,839 shares of Class A common stock and 466,700 shares of Class B common stock (equivalent to Class A on conversion). The sale executed under a pre-existing Rule 10b5-1 plan adopted on 11/12/2024, and the stock option exercised carries a $1.54 exercise price with a 06/09/2030 expiration for the vested portion.
Positive
- Sale executed under a Rule 10b5-1 plan, indicating pre-planned, non-discretionary disposition
- Options vested and exercised at a low strike of $1.54, demonstrating value capture from long-dated grants
Negative
- Insider sold 2,000 shares at $70.01, reducing direct Class A holdings from reported levels
- Beneficial ownership of Class A shares decreased to 19,839 following the sale
Insights
Insider used a Rule 10b5-1 plan for an automatic sale and exercised vested options.
The Form 4 shows a Rule 10b5-1 plan triggered the sale of 2,000 Class A shares at $70.01, indicating pre-planned disposition rather than an ad-hoc sale.
The reporting person also exercised or converted instruments that netted 2,000 shares, reflecting routine option vesting and conversion mechanics tied to Class B shares.
Vesting schedule and option economics are explicit: $1.54 strike, vested monthly since 2020.
The exercised stock option has a $1.54 exercise price and vested in monthly installments after 3/27/2020; the option grant date was 6/10/2020. The exercised shares add 2,000 Class A-equivalent shares to beneficial ownership.
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 | $70.01 | $140K |
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.
