1,246 Doximity (DOCS) shares withheld to cover RSU taxes for interim PFO
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Doximity, Inc. interim PFO and PAO Siddharth Sitaram reported a tax-withholding disposition of 1,246 shares of Class A Common Stock at $18.01 per share. The shares were withheld by the company to satisfy tax obligations on vesting RSUs and were not a discretionary trade. Sitaram directly owns 88,150 shares after this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sitaram Siddharth
Role
Interim PFO and PAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 1,246 | $18.01 | $22K |
Holdings After Transaction:
Class A Common Stock — 88,150 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares: 1,246 shares
Reference price per share: $18.01 per share
Shares held after transaction: 88,150 shares
3 metrics
Tax-withheld shares
1,246 shares
Class A Common Stock withheld for RSU tax obligations
Reference price per share
$18.01 per share
Value used for tax-withholding disposition
Shares held after transaction
88,150 shares
Direct Class A holdings following tax withholding
Key Terms
restricted stock units, tax withholding obligations, tax-withholding disposition
3 terms
restricted stock units financial
"in connection with the vesting of restricted stock units previously granted"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding obligations financial
"withheld by the Issuer in satisfaction of tax withholding obligations"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Doximity (DOCS) report for Siddharth Sitaram?
Doximity reported that interim PFO and PAO Siddharth Sitaram had 1,246 Class A shares withheld. The shares covered tax obligations from vesting restricted stock units and were not an open-market trade or discretionary sale.
Was the Doximity (DOCS) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 1,246 shares were withheld by Doximity to satisfy tax withholding obligations upon RSU vesting, based on a pre-established company election rather than Sitaram’s trading decision.
What role does Siddharth Sitaram hold at Doximity (DOCS)?
Siddharth Sitaram serves as Doximity’s interim Principal Financial Officer and Principal Accounting Officer. His Form 4 filing reflects routine equity compensation mechanics tied to his role, specifically tax withholding on vesting restricted stock units.