Doximity director sells 9,000 shares at $26.06
Doximity, Inc. director Kira Scherer Wampler reported an open-market sale and related equity conversions.
Rhea-AI Filing Summary
Doximity, Inc. director Kira Scherer Wampler reported an open-market sale and related equity conversions. On May 7, 2026, she sold 9,000 shares of Class A Common Stock at $26.06 per share and held 19,839 Class A shares afterward.
On the same date, she exercised and converted derivative positions involving 9,000 shares of Class B Common Stock into Class A Common Stock and partially exercised a stock option covering 9,000 underlying Class B shares at a $1.54 exercise price. A footnote states the sale occurred automatically under a Rule 10b5-1 trading plan adopted on November 12, 2024, indicating the transaction was pre‑planned rather than discretionary.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
5 txns
Insider
Wampler Kira Scherer
Role
Director
Sold
9,000 shs ($235K)
Approx. gross sale proceeds
$235K
Approx. exercise cost
$14K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 9,000 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 9,000 | $0.00 | $0.00 |
| Conversion | Class B Common Stock | 9,000 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 9,000 | $0.00 | $0.00 |
| Sale | Class A Common Stock | 9,000 | $26.06 | $235K |
Holdings After Transaction:
Stock Option (Right to Buy) — 447,700 contracts (Direct);
Class B Common Stock — 0 contracts (Direct);
Class A Common Stock — 19,839 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 November 12, 2024.
- F3. 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.
- 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: 9,000 shares
Sale price: $26.06/share
Shares held after sale: 19,839 shares
+5 more
8 metrics
Shares sold
9,000 shares
Open-market sale of Class A Common Stock at $26.06 on May 7, 2026
Sale price
$26.06/share
Price for 9,000 Class A shares sold on May 7, 2026
Shares held after sale
19,839 shares
Class A Common Stock directly owned following transactions
Options exercised
9,000 shares
Stock option exercise into Class B Common Stock
Option exercise price
$1.54/share
Conversion or exercise price for stock option into Class B shares
Remaining stock options
447,700 options
Stock options outstanding after exercise, expiring June 9, 2030
Net share change
-9,000 shares
Net sell shares according to transaction summary
Derivative exercises
27,000 shares
Total shares tied to derivative exercises/conversions
Key Terms
Rule 10b5-1 trading plan, Class B Common Stock, derivative security, Stock Option (Right to Buy), +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 adopted by the Reporting Person"
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.
Class B Common Stock financial
"Each share of Class B Common Stock, par value $0.001 per share, converted 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.
derivative security financial
"Conversion of derivative security and Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) with an exercise price of $1.54 and expiration date of June 9, 2030"
final conversion date regulatory
"on the final conversion date, defined as the earlier of the tenth anniversary of the effectiveness of the registration statement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Doximity (DOCS) director Kira Scherer Wampler report in this Form 4?
She reported a mix of transactions: an open-market sale of Class A shares and exercises/conversions of derivative securities into Class A and Class B stock, reflecting routine equity management rather than a single standalone trade.
What derivative securities did Kira Scherer Wampler exercise or convert in Doximity (DOCS)?
She exercised a stock option for 9,000 underlying Class B shares at a $1.54 exercise price and converted 9,000 shares of Class B Common Stock into Class A Common Stock. These actions changed the mix of her holdings between share classes and derivatives.
What stock option position does Kira Scherer Wampler retain in Doximity (DOCS)?
Following the reported exercise, she still holds stock options covering 447,700 shares, with an exercise price of $1.54 and an expiration date of June 9, 2030. This indicates a substantial remaining derivative-based exposure to Doximity equity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
