DOCS Form 4: Anna Bryson Sells 40K Shares, Retains 346,925 Shares
Rhea-AI Filing Summary
Doximity CFO Anna Bryson reported transactions on 08/26/2025. The filing shows the Reporting Person acquired 40,000 shares of Class A common stock through conversion/exercise and simultaneously sold 40,000 shares pursuant to a Rule 10b5-1 trading plan adopted on 05/27/2025. The sales were executed at a weighted-average price of $66.7561 per share, with sale prices ranging from $66.2250 to $67.2200. Following these transactions the Reporting Person beneficially owns 346,925 shares (direct). The filing also discloses outstanding stock option activity related to 40,000 options with an $8.26 exercise price.
Positive
- Sale executed under Rule 10b5-1 plan adopted 05/27/2025, indicating pre-planned transactions
- Reporting Person retains substantial ownership after transactions: 346,925 shares (direct)
- Full weighted-average sale price disclosed ($66.7561) with price range provided
Negative
- Insider reduced holdings by 40,000 shares, a ~10.3% decrease from 386,925 to 346,925 shares
- Material sale size (40,000 shares) could be perceived negatively by some investors despite being pre-planned
Insights
TL;DR: CFO executed pre-planned sales while retaining substantial stake; transactions appear routine, not an emergency liquidity event.
The Form 4 shows a contemporaneous acquisition/conversion of 40,000 shares and the sale of 40,000 shares under a Rule 10b5-1 plan adopted 05/27/2025, at a weighted-average price of $66.7561. Net holdings declined from 386,925 to 346,925, a reduction of ~10.3%. The presence of a 10b5-1 plan and the exercise/conversion activity supports a view that these are planned, administratively driven transactions rather than opportunistic insider sales.
TL;DR: Transactions were executed under a documented 10b5-1 plan, meeting disclosure expectations for an officer.
The filing identifies Anna Bryson as CFO and indicates the sale occurred automatically pursuant to a 10b5-1 plan adopted on 05/27/2025, which provides the affirmative defense under Rule 10b5-1(c). The Form 4 properly reports conversion/exercise mechanics and resulting beneficial ownership of 346,925 shares. From a governance perspective, the disclosure is complete and consistent with routine insider trading policies.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 40,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 40,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 40,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 40,000 | $0.00 | -- |
| Sale | Class A Common Stock | 40,000 | $66.7561 | $2.67M |
Footnotes (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. The sales reported in this Form 4 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on May 27, 2025. The price represents the weighted-average price of the shares sold in multiple transactions ranging from $66.2250 to $67.2200 per share, inclusive. The Reporting Person undertakes to provide the Issuer, a security holder of the Issuer, or the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote. The stock option vests in 60 equal monthly installments after February 1, 2021, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on February 5, 2021. 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.
