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

Role: Director
Signature: /s/ Jennifer Chaloemtiarana, Attorney-in-Fact
Issuer symbol: DOCS
Transactions as of: 11 Feb 2022
Net transactions value: -$585,892
Form type: 4
Filing time: 15 Feb 2022, 16:12:58 UTC
Previous filing: 16 Nov 2021
Next filing: 09 Mar 2022
SEC: View on sec.gov

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		+10,000			10,000	11 Feb 2022	Direct	F1
transaction	DOCS	Class A Common Stock	Sale	$219,951	-3,812	-38%	$57.70	6,188	11 Feb 2022	Direct	F2, F3
transaction	DOCS	Class A Common Stock	Sale	$196,788	-3,350	-54%	$58.74	2,838	11 Feb 2022	Direct	F2, F4
transaction	DOCS	Class A Common Stock	Sale	$169,153	-2,838	-100%	$59.60	0	11 Feb 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	-10,000	-2.3%	$0.000000	421,138	11 Feb 2022	Class B Common Stock	10,000	$2.21	Direct	F6, F7
transaction	DOCS	Class B Common Stock	Options Exercise	$0	+10,000		$0.000000	10,000	11 Feb 2022	Class A Common Stock	10,000		Direct	F7
transaction	DOCS	Class B Common Stock	Conversion of derivative security	$0	-10,000	-100%	$0.000000^*	0	11 Feb 2022	Class A Common Stock	10,000		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.