Kevin Spain - 28 Jun 2021 Form 4 Insider Report for Doximity, Inc. (DOCS)

Role
Director
Signature
/s/ Kevin Spain
Issuer symbol
DOCS
Transactions as of
28 Jun 2021
Net transactions value
+$20,150,000
Form type
4
Filing time
28 Jun 2021, 18:17:52 UTC
Previous filing
23 Jun 2021
Next filing
16 Feb 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 Purchase $20,150,000 +775,000 $26.00 775,000 28 Jun 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 -13,296,504 -100% $0.000000* 0 28 Jun 2021 Class B Common Stock 13,296,504 By Emergence Capital Partners II, L.P. F3, F4, F5
transaction DOCS Series B Preferred Stock Conversion of derivative security $0 -5,412,972 -100% $0.000000* 0 28 Jun 2021 Class B Common Stock 5,412,972 By Emergence Capital Partners II, L.P. F3, F4, F5
transaction DOCS Series C Preferred Stock Conversion of derivative security $0 -4,756,302 -100% $0.000000* 0 28 Jun 2021 Class B Common Stock 4,756,302 By Emergence Capital Partners II, L.P. F3, F4, F5
transaction DOCS Class B Common Stock Conversion of derivative security $0 +23,465,778 +3684% $0.000000 24,102,728 28 Jun 2021 Class A Common Stock 23,465,778 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"). The Reporting Person is a member of EEP VI. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by ECO I, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he 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. The Reporting Person is a member of EEP II. The Reporting Person disclaims Section 16 beneficial ownership of the shares held by ECP II, except to the extent, if any, of his pecuniary interest therein, and this report shall not be deemed an admission that he is the beneficial owner of such shares for Section 16 or any other purpose.