Regina M. Benjamin - Feb 11, 2022 Form 4 Insider Report for Doximity, Inc. (DOCS)

Role
Director
Signature
/s/ Jennifer Chaloemtiarana, Attorney-in-Fact
Stock symbol
DOCS
Transactions as of
Feb 11, 2022
Transactions value $
-$585,892
Form type
4
Date filed
2/15/2022, 04:12 PM
Previous filing
Nov 16, 2021
Next filing
Mar 9, 2022

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 +10K 10K Feb 11, 2022 Direct F1
transaction DOCS Class A Common Stock Sale -$220K -3.81K -38.12% $57.70 6.19K Feb 11, 2022 Direct F2, F3
transaction DOCS Class A Common Stock Sale -$197K -3.35K -54.14% $58.74 2.84K Feb 11, 2022 Direct F2, F4
transaction DOCS Class A Common Stock Sale -$169K -2.84K -100% $59.60 0 Feb 11, 2022 Direct F2, 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 Stock Option (Right to Buy) Options Exercise $0 -10K -2.32% $0.00 421K Feb 11, 2022 Class B Common Stock 10K $2.21 Direct F6, F7
transaction DOCS Class B Common Stock Options Exercise $0 +10K $0.00 10K Feb 11, 2022 Class A Common Stock 10K Direct F7
transaction DOCS Class B Common Stock Conversion of derivative security $0 -10K -100% $0.00* 0 Feb 11, 2022 Class A Common Stock 10K Direct F1, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on December 7, 2021.
F3 The price represents the weighted-average price of the shares sold in multiple transactions ranging from $57.2400 to $58.1500 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.
F4 The price represents the weighted-average price of the shares sold in multiple transactions ranging from $58.2900 to $59.2400 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.
F5 The price represents the weighted-average price of the shares sold in multiple transactions ranging from $59.3500 to $60.0000 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.
F6 The stock option vests in 36 equal monthly installments after September 2, 2020, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on September 2, 2020.
F7 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.