DOCS.NYSEDoximity, INC

Form 4: Doximity CEO Jeffrey Tangney Reports Share Disposal for Tax Obligations

Sentiment:

SEC Form 4 Filing

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Doximity's CEO, Jeffrey Tangney, reports the disposal of shares to cover tax obligations related to vesting restricted stock units and a pro rata distribution.

Summary

  • On February 15, 2025, Jeffrey Tangney, the CEO of Doximity, Inc., disposed of 8,474 shares of Class A Common Stock to satisfy tax withholding obligations.
  • The shares were withheld by Doximity at a price of $77.07 per share.
  • This was not a discretionary trade by Tangney but a mandated withholding by the issuer.
  • Tangney also owns 2,096,675 shares of Class A Common Stock, which includes 209 shares received from Emergence Capital Opportunity I, L.P. on December 5, 2024.
  • This distribution was a pro rata distribution in kind for no consideration.

Sentiment

Score: 6

Explanation: The document is a routine filing related to tax obligations, so it's neutral. It doesn't indicate any significant positive or negative developments for the company.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

  • The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to tax obligations.

Key Dates

DateDescription
2024/12/05Received 209 shares of Class A Common Stock from Emergence Capital Opportunity I, L.P.
2025/02/15Disposed of 8,474 shares of Class A Common Stock for tax withholding.
2025/02/18Date of signature for the Form 4 filing.

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