Doximity (DOCS) interim PFO exercises options, converts B to A, sells stock

Rhea-AI Filing Summary

Doximity, Inc. interim PFO and PAO Siddharth Sitaram exercised stock options and converted Class B shares into Class A shares, then sold a small portion of stock. He exercised options for 5,000 shares at an exercise price of $4.12 per share and converted 5,000 shares of Class B Common Stock into 5,000 shares of Class A Common Stock.

He then sold 2,282 shares of Class A Common Stock at $27.88 per share in an open-market transaction executed automatically under a Rule 10b5-1 trading plan and described as a sell-to-cover for tax withholding. Following these transactions, he directly held 81,451 shares of Class A Common Stock.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sitaram Siddharth

(Last) (First) (Middle)

C/O DOXIMITY, INC.

500 THIRD STREET

(Street)

SAN FRANCISCO CA 94107

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Doximity, Inc. [ DOCS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Interim PFO and PAO

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/10/2026		C(1)		5,000	A	(1)	83,733	D
Class A Common Stock	02/10/2026		S(2)		2,282(3)	D	$27.88	81,451	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	$4.12	02/10/2026		M			5,000	(4)	12/21/2030	Class B Common Stock(5)	5,000	$0	88,800	D
Class B Common Stock	(5)	02/10/2026		M		5,000		(5)	(5)	Class A Common Stock	5,000	$0	5,000	D
Class B Common Stock	(5)	02/10/2026		C(1)			5,000	(5)	(5)	Class A Common Stock	5,000	$0	0	D

Explanation of Responses:

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.

2. 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.

3. 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.

4. 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.

5. 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.

Remarks:

	/s/ John Vaughan, Attorney-in-Fact	03/12/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Doximity (DOCS) interim PFO Siddharth Sitaram report on this Form 4?

He reported exercising stock options, converting Class B shares to Class A, and selling a small number of Class A shares. These were routine equity compensation and trading plan transactions disclosed for transparency around his ownership changes.

How many Doximity (DOCS) shares did Siddharth Sitaram sell and at what price?

He sold 2,282 shares of Doximity Class A Common Stock at $27.88 per share. The filing notes this was part of an automatic Rule 10b5-1 trading plan and used to cover tax withholding obligations from a prior stock option exercise.

What option exercise did Siddharth Sitaram report for Doximity (DOCS)?

He exercised stock options covering 5,000 shares at an exercise price of $4.12 per share. These options were part of a larger grant that vested over time, with earlier portions already exercised according to the vesting schedule described in the footnotes.

How did the Form 4 affect Siddharth Sitaram’s Doximity (DOCS) share holdings?

After the reported transactions, he directly held 81,451 shares of Class A Common Stock. This reflects the combination of option exercises, conversions from Class B to Class A, and the relatively small sale of shares to satisfy tax obligations.

What is the significance of the Class B to Class A conversion for Doximity (DOCS)?

Each share of Class B Common Stock converts into one share of Class A Common Stock at the holder’s option. The filing describes this one-for-one conversion and notes additional conditions under which Class B shares will automatically convert into Class A shares in the future.

Was the Doximity (DOCS) insider sale discretionary or under a trading plan?

The sale was executed automatically under a Rule 10b5-1 trading plan adopted on August 28, 2025. The footnotes state the transaction also functioned as a sell-to-cover to satisfy tax withholding tied to the earlier stock option exercise.