Doximity (DOCS) director logs option exercise and 2,000-share sale in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Doximity, Inc. director Form 4 shows an option exercise, share conversion and a small stock sale. On 12/01/2025, the reporting director exercised a stock option to acquire 2,000 shares of Class B Common Stock at an exercise price of $1.54 per share, which then converted into 2,000 shares of Class A Common Stock. The director sold 2,000 Class A shares at a price of $50.71 per share under a pre-set Rule 10b5-1 trading plan adopted on November 12, 2024. After these transactions, the director directly owned 19,839 shares of Class A Common Stock and held derivative securities representing 462,700 shares of Class B Common Stock, which are convertible into Class A shares under specified conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($101,420)
Net Sell
5 txns
Insider
Wampler Kira Scherer
Role
Director
Sold
2,000 shs ($101K)
| 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 | $50.71 | $101K |
Holdings After Transaction:
Stock Option (Right to Buy) — 462,700 shares (Direct);
Class B Common Stock — 2,000 shares (Direct);
Class A Common Stock — 21,839 shares (Direct)
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 on this Form 4?
The filing reports that a Doximity director exercised stock options for 2,000 shares of Class B Common Stock, converted them into 2,000 Class A shares, and sold 2,000 Class A shares on 12/01/2025.
What stock options or derivative securities does the Doximity (DOCS) director still hold?
After the option exercise, the director held derivative securities covering 462,700 shares of Class B Common Stock, which are convertible into Class A Common Stock under specified terms.
Was the Doximity (DOCS) stock sale made under a Rule 10b5-1 plan?
Yes. The filing states that the sales were made automatically under a Rule 10b5-1 trading plan adopted by the reporting person on November 12, 2024.
How does Doximitys Class B Common Stock convert into Class A Common Stock?
Each share of Class B Common Stock is convertible into one share of Class A Common Stock at the holder's option and will also automatically convert upon certain events, including sale or transfer (subject to permitted transfers), the holder's death or incapacity, or a final conversion date defined in Doximity's amended and restated certificate of incorporation.