Doximity (DOCS) director Cabral exercises options, converts Class B and sells 7,500 Class A shares
Rhea-AI Filing Summary
Doximity, Inc. director Timothy S. Cabral exercised and converted derivative holdings and sold common stock. On August 7, 2026, he exercised options for 7,500 Class B shares at an exercise price of $2.21 per share, converted them into 7,500 Class A shares, and sold those Class A shares at $39.11 per share under a Rule 10b5-1 trading plan. Following the option exercise, he held 326,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Cabral Timothy S
Role
Director
Sold
7,500 shs ($293K)
Approx. gross sale proceeds
$293K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F3, F4 | 7,500 | $0.00 | $0.00 |
| Exercise | Class B Common Stock F4 | 7,500 | $0.00 | $0.00 |
| Conversion | Class B Common Stock F4, F1 | 7,500 | $0.00 | $0.00 |
| Conversion | Class A Common Stock F1 | 7,500 | -- | -- |
| Sale | Class A Common Stock F2 | 7,500 | $39.11 | $293K |
Holdings After Transaction:
Stock Option (Right to Buy) — 326,000 shares (Direct);
Class B Common Stock — 0 shares (Direct);
Class A Common Stock — 3,221 shares (Direct)
Footnotes (4)
- 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 19, 2026.
- F3. The stock option vested in 36 equal monthly installments after September 2, 2020, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on September 2, 2020.
- F4. 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: 7,500 shares of Class A Common Stock
Sale price per share: $39.11 per share
Option exercise price: $2.21 per share
+5 more
8 metrics
Shares sold
7,500 shares of Class A Common Stock
Sale on August 7, 2026 in a non-derivative transaction
Sale price per share
$39.11 per share
Price for 7,500 Class A Common Stock shares sold on August 7, 2026
Option exercise price
$2.21 per share
Exercise price for 7,500-share Stock Option (Right to Buy) for Class B Common Stock
Options exercised
7,500 shares
Stock Option (Right to Buy) for Class B Common Stock exercised on August 7, 2026
Options held after transaction
326,000 stock options
Directly held by Timothy S. Cabral following the reported option exercise
Option grant date
September 2, 2020
Grant date of the Stock Option vesting over 36 equal monthly installments
Option expiration date
September 1, 2030
Expiration date of the Stock Option (Right to Buy) exercised for 7,500 shares
10b5-1 plan adoption date
February 19, 2026
Date Cabral adopted the Rule 10b5-1 trading plan governing the reported sale
Key Terms
Rule 10b5-1 trading plan, Stock Option (Right to Buy, Class B Common Stock, Class A Common Stock, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The 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.
Stock Option (Right to Buy financial
"security_title": "Stock Option (Right to Buy)""
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.
final conversion date regulatory
"on the final conversion date, defined as the earlier of (a) the tenth anniversary"
FAQ
What did Doximity (DOCS) director Timothy S. Cabral report in this Form 4?
Timothy S. Cabral reported exercising options for 7,500 Class B shares, converting them into 7,500 Class A shares, and selling those Class A shares at $39.11 per share on August 7, 2026, under a Rule 10b5-1 trading plan.
How many Doximity (DOCS) stock options does Timothy S. Cabral hold after these transactions?
After the reported transactions, Timothy S. Cabral directly held 326,000 stock options. These options originally vested in 36 equal monthly installments after September 2, 2020, subject to his continued service with Doximity, and were granted on September 2, 2020.
Were Timothy S. Cabral’s Doximity (DOCS) stock sales under a Rule 10b5-1 plan?
Yes. The filing states the sales occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Timothy S. Cabral on February 19, 2026. This indicates the sales followed a pre-established trading arrangement.
What type of security did Timothy S. Cabral exercise in Doximity (DOCS)?
He exercised a Stock Option (Right to Buy) covering 7,500 shares of Class B Common Stock at an exercise price of $2.21 per share. This option was granted on September 2, 2020 and vested in 36 equal monthly installments thereafter.
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