Form 4: Doximity CFO Converts Stock Options to Class A Shares
Insider Transaction Report
Doximity's Chief Financial Officer, Anna Bryson, exercised stock options and converted Class B common stock into Class A common stock on November 4, 2025.
Summary
- Anna Bryson, Chief Financial Officer of Doximity, Inc. (DOCS), reported transactions on November 4, 2025.
- Bryson exercised stock options to acquire 20,200 shares of Class B Common Stock at an exercise price of $4.12 per share.
- She also exercised stock options to acquire an additional 2,668 shares of Class B Common Stock at an exercise price of $2.21 per share.
- Subsequently, 20,200 shares of Class B Common Stock were converted into 20,200 shares of Class A Common Stock.
- An additional 2,668 shares of Class B Common Stock were converted into 2,668 shares of Class A Common Stock.
- Following these transactions, Bryson beneficially owns 369,793 shares of Class A Common Stock directly.
- Remaining derivative holdings include 49,800 stock options with an exercise price of $4.12 and 100 stock options with an exercise price of $2.21.
Sentiment
Score: 5
Explanation: Neutral. This is a routine insider transaction reporting the exercise of options and conversion of Class B to Class A shares, which is a standard event for executives. It doesn't inherently signal strong positive or negative sentiment about the company's future performance.
Positives
- The exercise of stock options and conversion to Class A shares increases the reporting person's direct ownership of the more liquid Class A common stock.
- The transactions represent a realization of value from previously granted equity incentives.
Future Outlook
This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This filing reports routine insider transactions involving the exercise of stock options and conversion of shares, which is a common occurrence for executives receiving equity compensation. It does not provide specific insights into broader industry trends or competitive positioning.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Power of Attorney | Anna Bryson granted a Limited Power of Attorney to Jeff Tangney and John Vaughan to execute and file SEC forms (Form ID, 3, 4, 5, Schedules 13D/G) on her behalf. This power of attorney supersedes any prior ones and remains in effect until she is no longer required to file such forms, or if the attorneys-in-fact cease employment/counsel with the company. | September 3, 2025 | Standard practice for executives to delegate SEC filing responsibilities, ensuring timely compliance with reporting obligations. |
Related Party Transactions
- The reported transactions involve the exercise of stock options and conversion of shares by Anna Bryson, the Chief Financial Officer, which are considered related party transactions in the context of insider reporting.
Stakeholder Impact
- Shareholders: The conversion of Class B to Class A shares slightly increases the float of Class A common stock, which is generally more liquid.
- Reporting Person (Anna Bryson): Increased direct ownership of Class A common stock and reduced derivative holdings, realizing value from equity compensation.
Next Steps
- Ongoing vesting of remaining stock options will continue according to their respective schedules.
Key Dates
| Date | Description |
|---|---|
| September 29, 2020 | Grant date for stock option with $2.21 exercise price. |
| December 22, 2020 | Grant date for stock option with $4.12 exercise price. |
| August 21, 2021 | Vesting start date for stock option granted on September 29, 2020. |
| August 21, 2022 | Vesting start date for stock option granted on December 22, 2020. |
| September 3, 2025 | Date of execution for the Limited Power of Attorney. |
| November 4, 2025 | Date of reported stock option exercises and share conversions. |
| November 6, 2025 | Signature date of the Form 4 filing. |
| September 28, 2030 | Expiration date for stock option with $2.21 exercise price. |
| December 21, 2030 | Expiration date for stock option with $4.12 exercise price. |
Keywords
Doximity, DOCS, SEC Form 4, Insider Transaction, Stock Option Exercise, Class A Common Stock, Class B Common Stock, Equity Conversion, Anna Bryson, CFO
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