Anna Bryson - 15 May 2024 Form 4 Insider Report for Doximity, Inc. (DOCS)

Signature
/s/ Jennifer Chaloemtiarana, Attorney-in-Fact
Issuer symbol
DOCS
Transactions as of
15 May 2024
Net transactions value
-$74,503
Form type
4
Filing time
17 May 2024, 17:34:43 UTC
Previous filing
16 Feb 2024
Next filing
14 Jun 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DOCS Class A Common Stock Tax liability $74,503 -3,169 -1.3% $23.51 240,685 15 May 2024 Direct F1
transaction DOCS Class A Common Stock Conversion of derivative security +48,000 +20% 288,685 16 May 2024 Direct F2

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 -48,000 -74% $0.000000 16,990 16 May 2024 Class B Common Stock 48,000 $1.54 Direct F3, F4
transaction DOCS Class B Common Stock Options Exercise $0 +48,000 $0.000000 48,000 16 May 2024 Class A Common Stock 48,000 Direct F4
transaction DOCS Class B Common Stock Conversion of derivative security $0 -48,000 -100% $0.000000* 0 16 May 2024 Class A Common Stock 48,000 Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of Class A Common Stock, par value $0.001 per share (the "Class A Common Stock"), withheld by the Issuer in satisfaction of tax withholding obligations in connection with the vesting of restricted stock units previously granted to the Reporting Person. Such withholding is mandated by an election of the Issuer made in advance and does not represent a discretionary trade by the Reporting Person.
F2 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 at the option of the holder.
F3 The stock option vests in 48 equal monthly installments after May 1, 2020, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on June 10, 2020.
F4 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.