Form 4: Doximity CFO Anna Bryson Sells Shares to Cover Tax Obligations

Doximity's Chief Financial Officer, Anna Bryson, sold 5,120 shares of Class A Common Stock to cover tax obligations related to vesting restricted stock units.

Summary

• Anna Bryson, the Chief Financial Officer of Doximity, Inc., sold 5,120 shares of Class A Common Stock on November 15, 2024.
• The sale was executed at a price of $52.04 per share.
• This transaction was not a discretionary trade but rather a mandatory withholding by the issuer to cover tax obligations related to the vesting of restricted stock units (RSUs).
• Following the transaction, Anna Bryson beneficially owns 299,386 shares of Doximity Class A Common Stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, not indicative of any positive or negative sentiment towards the company's performance.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for companies to withhold shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Similar transactions are common among executives at publicly traded companies, particularly when dealing with vesting of restricted stock units.
• Companies like Teladoc Health (TDOC) and Veeva Systems (VEEV), which operate in related sectors, often see similar filings from their executives.
• The practice of withholding shares for tax obligations is a standard procedure in equity compensation plans.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Doximity, DOCS, Anna Bryson, CFO, stock sale, Form 4, insider trading, restricted stock units, tax withholding