Doximity interim finance chief exercises and sells shares
Doximity interim PFO and PAO Siddharth Sitaram exercised and converted derivative awards and sold a portion of shares in connection with taxes.
Rhea-AI Filing Summary
Doximity interim PFO and PAO Siddharth Sitaram exercised and converted derivative awards and sold a portion of shares in connection with taxes. On April 10, 2026, he exercised a stock option for 5,000 shares at $4.12 per share and converted 5,000 Class B into 5,000 Class A shares.
He then sold 2,427 Class A Common Stock at $21.09 per share in a sell-to-cover transaction to satisfy tax withholding obligations under a pre-arranged Rule 10b5-1 trading plan. Following these transactions, he directly held 86,705 shares of Class A Common Stock and 78,800 option shares.
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
Interim PFO and PAO
Sold
2,427 shs ($51K)
Approx. gross sale proceeds
$51K
Approx. exercise cost
$21K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 5,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 5,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 5,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 2,427 | $21.09 | $51K |
Holdings After Transaction:
Stock Option (Right to Buy) — 78,800 contracts (Direct);
Class B Common Stock — 0 contracts (Direct);
Class A Common Stock — 86,705 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 August 28, 2025.
- 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 (including 206,200 shares previously exercised) 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
Options exercised: 5,000 shares
Exercise price: $4.12/share
Shares sold: 2,427 shares
+4 more
7 metrics
Options exercised
5,000 shares
Stock option exercise at $4.12 per share on April 10, 2026
Exercise price
$4.12/share
Stock option for Class B Common Stock granted December 22, 2020
Shares sold
2,427 shares
Class A Common Stock sold in sell-to-cover transaction
Sale price
$21.09/share
Open-market or private sale of Class A shares on April 10, 2026
Class A holdings after
86,705 shares
Direct Class A Common Stock owned following reported transactions
Options remaining
78,800 shares
Shares subject to stock options after the 5,000-share exercise
Net shares sold
2,427 shares
Net buy/sell direction reported as net-sell in transaction summary
Key Terms
Rule 10b5-1 trading plan, sell-to-cover transaction, Class B Common Stock, stock option, +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.
sell-to-cover transaction financial
"sold by the Reporting Person in a sell-to-cover transaction to satisfy the tax withholding obligations"
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.
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.
stock option financial
"The shares subject to the stock option (including 206,200 shares previously exercised) vested as to 1/4th"
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.
final conversion date regulatory
"on the final conversion date, defined as the earlier of the tenth anniversary or specified vote"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Doximity (DOCS) executive Siddharth Sitaram report in this Form 4?
He reported exercising stock options, converting Class B to Class A shares, and selling shares. On April 10, 2026, he exercised 5,000 options, converted 5,000 Class B into Class A, and sold 2,427 Class A shares as part of a tax-related transaction.
What stock option exercise did Siddharth Sitaram report for Doximity (DOCS)?
He exercised a stock option covering 5,000 shares of Class B Common Stock at an exercise price of $4.12 per share. The option was originally granted on December 22, 2020 and was part of a larger grant that vested over time based on continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
