Emergence Capital Partners II Lp - Jun 28, 2021 Form 4 Insider Report for Doximity, Inc. (DOCS)

Role: 10%+ Owner
Signature: EMERGENCE CAPITAL PARTNERS II, L.P. By: Emergence Equity Partners II, L.P., its General Partner By: Emergence GP Partners, LLC, its General Partner By: /s/ Kevin Spain, Manager
Stock symbol: DOCS
Transactions as of: Jun 28, 2021
Transactions value $: $20,150,000
Form type: 4
Date filed: 6/28/2021, 06:17 PM
Previous filing: Jun 23, 2021
Next filing: Feb 16, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	DOCS	Class A Common Stock	Purchase	$20.2M	+775K		$26.00	775K	Jun 28, 2021	By Emergence Capital Opportunity I, L.P.	F1, 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	Series A Preferred Stock	Conversion of derivative security	$0	-13.3M	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	13.3M		By Emergence Capital Partners II, L.P.	F3, F4, F5
transaction	DOCS	Series B Preferred Stock	Conversion of derivative security	$0	-5.41M	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	5.41M		By Emergence Capital Partners II, L.P.	F3, F4, F5
transaction	DOCS	Series C Preferred Stock	Conversion of derivative security	$0	-4.76M	-100%	$0.00^*	0	Jun 28, 2021	Class B Common Stock	4.76M		By Emergence Capital Partners II, L.P.	F3, F4, F5
transaction	DOCS	Class B Common Stock	Conversion of derivative security	$0	+23.5M	+3684.08%	$0.00	24.1M	Jun 28, 2021	Class A Common Stock	23.5M		By Emergence Capital Partners II, L.P.	F3, F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects shares of Class A Common Stock, par value $0.001 per share (the "Class A Common Stock"), Emergence Capital Opportunity I, L.P. ("ECO I") purchased in the Issuer's initial public offering ("IPO") at the IPO price of $26.00 per share.
F2	These shares are held directly by 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 Emergence GP Partners, LLC ("EGP"). Each of EEP VI and EGP disclaims Section 16 beneficial ownership of the shares held by ECO I, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose.
F3	Each share of Series A Preferred Stock, Series B Preferred Stock and Series C Preferred Stock (collectively, the "Preferred Stock") automatically converted into one share of Class B Common Stock, par value $0.001 per share (the "Class B Common Stock"), on a one-for-one basis, immediately prior to the closing of the IPO. The shares of Preferred Stock have no expiration date.
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 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.
F5	These shares are held directly by Emergence Capital Partners II, L.P. ("ECP II"). The sole general partner of ECP II is Emergence Equity Partners II, L.P. ("EEP II"), and the sole general partner of EEP II is EGP. Each of EEP II and EGP disclaims Section 16 beneficial ownership of the shares held by ECP II, except to the extent, if any, of its pecuniary interest therein, and this report shall not be deemed an admission that it is the beneficial owner of such shares for Section 16 or any other purpose.