Kevin Spain - Aug 14, 2024 Form 4 Insider Report for Doximity, Inc. (DOCS)

Role
Director
Signature
/s/ Kristina Landers, by Power of Attorney from Kevin Spain
Stock symbol
DOCS
Transactions as of
Aug 14, 2024
Transactions value $
$0
Form type
4
Date filed
8/16/2024, 04:00 PM
Previous filing
May 23, 2024
Next filing
Aug 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCS Class A Common Stock Conversion of derivative security $0 +1.93M $0.00 1.93M Aug 14, 2024 By Emergence Capital Partners II, L.P. F1, F2
transaction DOCS Class A Common Stock Other $0 -1.93M -100% $0.00* 0 Aug 14, 2024 By Emergence Capital Partners II, L.P. F1, F2
holding DOCS Class A Common Stock 5.54K Aug 14, 2024 Direct F3
holding DOCS Class A Common Stock 238K Aug 14, 2024 See footnote F4
holding DOCS Class A Common Stock 775K Aug 14, 2024 By Emergence Capital Opportunity I, L.P. F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction DOCS Class B Common Stock Conversion of derivative security $0 -1.93M -18.18% $0.00 8.68M Aug 14, 2024 Class A Common Stock 1.93M By Emergence Capital Partners II, L.P. F1, F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On August 14, 2024, Emergence Capital Partners II, L.P. ("ECP II") converted in the aggregate 1,928,000 shares of the Issuer's Class B Common Stock into 1,928,000 shares of the Issuer's Class A Common Stock. Subsequently on the same date, ECP II distributed in-kind, without consideration, all 1,928,000 shares of Class A Common Stock pro-rata to its partners, including its limited partners and its general partner, Emergence Equity Partners II, L.P. ("EEP II"), in accordance with the exemptions under Rule 16a-9 and Rule 16a-13 of the Securities Exchange Act of 1934, as amended. Upon receipt by EEP II of its pro rata interest of the distribution (325,825 shares of Class A Common Stock), EEP II distributed in-kind, without consideration, all such shares pro-rata to its limited partners in accordance with the exemptions under Rule 16a-9 and Rule 16a-13 of the Securities Exchange Act of 1934, as amended.
F2 These shares are held directly by ECP II. The sole general partner of ECP II is EEP II, and the sole general partner of EEP II is Emergence GP Partners, LLC ("EGP"). The Reporting Person is a member of EEP II. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by ECP II, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
F3 Represents 5,544 shares of Class A Common Stock issued to the Reporting Person upon vesting of restricted stock units, which vested in full on July 26, 2024. The Reporting Person, a member of EEP II, is contractually obligated to transfer and/or remit the proceeds of any sale of shares issued upon vesting of restricted stock units to EEP II. As such, the Reporting Person disclaims Section 16 beneficial ownership of such shares, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
F4 Includes 24,437 shares received pursuant to the distribution-in-kind, as described in footnote (1) and also includes shares received in prior distributions-in-kind, and are held by The Spain-Goralnik Family Trust 12/7/12. The Reporting Person disclaims Section 16 beneficial ownership of such shares, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
F5 These shares are held directly by Emergence Capital Opportunity I, L.P. ("ECO I"). The sole general partner of ECO I is Emergence Equity Partners VI, L.P. ("EEP VI"), and the sole general partner of EEP VI is EGP. The Reporting Person is a member of EEP VI. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by ECO I, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.
F6 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, and has no expiration. Each share of Class B Common Stock 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 holder; 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 IPO; 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:

Exhibit 24 - Power of Attorney