Anna Bryson - 08 Aug 2024 Form 4 Insider Report for Doximity, Inc. (DOCS)

Role
Chief Financial Officer
Signature
/s/ Jennifer Chaloemtiarana, Attorney-in-Fact
Issuer symbol
DOCS
Transactions as of
08 Aug 2024
Net transactions value
-$1,050,000
Form type
4
Filing time
09 Aug 2024, 18:04:09 UTC
Previous filing
14 Jun 2024
Next filing
15 Aug 2024
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 +20,942 +7.3% 309,627 08 Aug 2024 Direct F1
transaction DOCS Class A Common Stock Conversion of derivative security +30,000 +9.7% 339,627 09 Aug 2024 Direct F1
transaction DOCS Class A Common Stock Sale $1,050,000 -30,000 -8.8% $35.00 309,627 09 Aug 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 -3,952 -100% $0.000000* 0 08 Aug 2024 Class B Common Stock 3,952 $1.50 Direct F3, F4
transaction DOCS Class B Common Stock Options Exercise $0 +3,952 $0.000000 3,952 08 Aug 2024 Class A Common Stock 3,952 Direct F4
transaction DOCS Stock Option (Right to Buy) Options Exercise $0 -16,990 -100% $0.000000* 0 08 Aug 2024 Class B Common Stock 16,990 $1.54 Direct F4, F5
transaction DOCS Class B Common Stock Options Exercise $0 +16,990 +430% $0.000000 20,942 08 Aug 2024 Class A Common Stock 16,990 Direct F4
transaction DOCS Class B Common Stock Conversion of derivative security $0 -20,942 -100% $0.000000* 0 08 Aug 2024 Class A Common Stock 20,942 Direct F1, F4
transaction DOCS Stock Option (Right to Buy) Options Exercise $0 -30,000 -4.7% $0.000000 607,268 09 Aug 2024 Class B Common Stock 30,000 $8.26 Direct F4, F6
transaction DOCS Class B Common Stock Options Exercise $0 +30,000 $0.000000 30,000 09 Aug 2024 Class A Common Stock 30,000 Direct F4
transaction DOCS Class B Common Stock Conversion of derivative security $0 -30,000 -100% $0.000000* 0 09 Aug 2024 Class A Common Stock 30,000 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

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 occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 30, 2023.
F3 The stock option vested in 48 equal monthly installments after May 15, 2019, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on May 15, 2019.
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.
F5 The stock option vested 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.
F6 The stock option vests in 60 equal monthly installments after February 1, 2021, subject to the Reporting Person's continuous service relationship with the Issuer through each applicable vesting date. The stock option was granted on February 5, 2021.