Doximity (NYSE: DOCS) CAO sells 1,732 shares and exercises options
Rhea-AI Filing Summary
Doximity Chief Accounting Officer Siddharth Sitaram reported selling 1,732 shares of Class A Common Stock on July 15, 2026 at $22.02 per share. These shares were sold in a sell-to-cover transaction to satisfy tax withholding obligations related to an option exercise and occurred automatically pursuant to a Rule 10b5-1 trading plan adopted on February 27, 2026, leaving him with 93,774 Class A shares held directly.
On the same date he exercised stock options for 4,800 shares at an exercise price of $4.1200 per share, acquiring Class B shares that were converted one-for-one into Class A Common Stock. After this exercise, 64,000 option shares remain outstanding, with the option expiring on December 21, 2030.
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
1,732 shs ($38K)
Approx. gross sale proceeds
$38K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F4, F5 | 4,800 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F5 | 4,800 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F5, F1 | 4,800 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 4,800 | -- | -- |
| Sale | Class A Common Stock F2, F3 | 1,732 | $22.02 | $38K |
Holdings After Transaction:
Stock Option (Right to Buy) — 64,000 shares (Direct);
Class B Common Stock — 0 shares (Direct);
Class A Common Stock — 93,774 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: 1,732 shares
Sale price: $22.0200 per share
Class A shares held after transactions: 93,774 shares
+3 more
6 metrics
Shares sold
1,732 shares
Class A Common Stock sold on July 15, 2026
Sale price
$22.0200 per share
Price for 1,732 Class A shares sold by the Chief Accounting Officer
Class A shares held after transactions
93,774 shares
Direct Class A Common Stock holdings following the reported transactions
Option shares exercised
4,800 shares
Stock option exercised into Class B, then converted into Class A Common Stock
Option exercise price
$4.1200 per share
Exercise price of the stock option expiring on December 21, 2030
Options remaining after exercise
64,000 shares
Stock option position remaining following the 4,800-share exercise
Key Terms
Rule 10b5-1 trading plan, sell-to-cover transaction, stock option, Class B Common Stock
4 terms
Rule 10b5-1 trading plan financial
"The sales reported ... 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
"Represents shares of Class A Common Stock sold ... in a sell-to-cover transaction"
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.
stock option financial
"The shares subject to the stock option vested as to 1/4th of the total"
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.
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of Class A"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Doximity (DOCS) executive Siddharth Sitaram sell in this Form 4?
He sold 1,732 shares of Doximity Class A Common Stock on July 15, 2026 at $22.02 per share. The sale was a sell-to-cover trade to satisfy tax withholding obligations related to an option exercise.
Were the Doximity (DOCS) insider sales by Siddharth Sitaram under a Rule 10b5-1 plan?
Yes. The sales occurred automatically under a Rule 10b5-1 trading plan adopted by Siddharth Sitaram on February 27, 2026. This pre-arranged plan governed the timing and amount of the 1,732-share Class A sale.
What stock options did the Doximity (DOCS) CAO exercise in this filing?
He exercised a stock option covering 4,800 shares at an exercise price of $4.1200 per share. The option was granted on December 22, 2020, with vesting beginning November 23, 2021, and it expires on December 21, 2030.