Form 4: Doximity CFO Anna Bryson Executes Stock Option Conversions and Sales Under 10b5-1 Plan

Doximity's CFO, Anna Bryson, converted Class B Common Stock to Class A Common Stock and sold shares under a pre-arranged 10b5-1 trading plan.

Summary

• Anna Bryson, CFO of Doximity, executed transactions involving the company's stock on May 1st and 2nd, 2025.
• These transactions included the conversion of Class B Common Stock into Class A Common Stock.
• Bryson also sold shares of Class A Common Stock under a pre-arranged Rule 10b5-1 trading plan.
• On May 1st, 45,000 shares of Class B Common Stock were converted to Class A Common Stock.
• Also on May 1st, 22,241 shares were sold at a weighted average price of $56.7969, and 22,759 shares were sold at a weighted average price of $57.6482.
• On May 2nd, 50,000 shares of Class B Common Stock were converted to Class A Common Stock.
• Also on May 2nd, 50,000 shares were sold at $60 per share.
• Following these transactions, Bryson directly owns 357,165 shares of Class A Common Stock.
• Bryson also holds options to purchase 287,268 shares of Class B Common Stock.

Sentiment

Score: 6

Explanation: The document reflects routine executive stock transactions under a pre-existing plan. It doesn't indicate any specific positive or negative sentiment, but rather a planned financial activity.

Future Outlook

The sales reported occurred automatically pursuant to a Rule 10b5-1 trading plan, suggesting continued sales may occur.

Industry Context

Executive stock transactions are common and closely watched, providing insights into management's perspective on the company's valuation and future prospects. The use of a 10b5-1 plan indicates a pre-arranged strategy to avoid insider trading concerns.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units, aligning management's interests with those of shareholders.
• Sales under 10b5-1 plans are a standard practice among public company executives to diversify their holdings and manage personal finances.
• The volume and frequency of these transactions are typical for executives at similar-sized companies in the tech sector.

Stakeholder Impact

• The stock sales may have a minor impact on the stock price, depending on market perception and trading volume.
• The transactions do not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Doximity, DOCS, Anna Bryson, CFO, Form 4, Stock Sale, Class A Common Stock, Class B Common Stock, 10b5-1 Trading Plan, Conversion, Stock Options