Doximity (DOCS) interim PFO exercises 5,000 options, sell-to-cover 2,319 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Doximity, Inc. interim PFO and PAO Siddharth Sitaram exercised stock options for 5,000 shares of Class B Common Stock at an exercise price of $4.12 per share, which converted into 5,000 shares of Class A Common Stock at his option.
He then sold 2,319 shares of Class A Common Stock at $25.37 per share in an automatic sell-to-cover transaction under a Rule 10b5-1 trading plan to satisfy tax withholding obligations. Following these transactions, he directly holds 84,132 shares of Class A Common Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 2,319 shares ($58,833)
Net Sell
5 txns
Insider
Sitaram Siddharth
Role
Interim PFO and PAO
Sold
2,319 shs ($59K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 5,000 | $0.00 | -- |
| Exercise | Class B Common Stock | 5,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 5,000 | $0.00 | -- |
| Conversion | Class A Common Stock | 5,000 | $0.00 | -- |
| Sale | Class A Common Stock | 2,319 | $25.37 | $59K |
Holdings After Transaction:
Stock Option (Right to Buy) — 83,800 shares (Direct);
Class B Common Stock — 5,000 shares (Direct);
Class A Common Stock — 86,451 shares (Direct)
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 August 28, 2025. 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. 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. 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.
FAQ
What did Doximity (DOCS) executive Siddharth Sitaram report on this Form 4?
He reported exercising options for 5,000 shares of Class B stock, converting them into 5,000 Class A shares, and selling 2,319 Class A shares. These moves were part of routine equity compensation activity and related tax obligations.
What was the exercise price of the Doximity (DOCS) stock option exercised by Siddharth Sitaram?
The stock option he exercised covered 5,000 shares of Class B Common Stock at an exercise price of $4.12 per share. Those Class B shares then converted into 5,000 Class A shares at a one-for-one rate, at his option.