Form 4: Doximity Director Kira Scherer Wampler Executes Stock Option and Sells Shares
SEC Form 4 Filing
Director Kira Scherer Wampler exercised stock options and sold shares of Doximity, Inc. on April 1, 2024, according to a Form 4 filing with the SEC.
Summary
- On April 1, 2024, Kira Scherer Wampler, a director of Doximity, Inc., executed a stock option to acquire 2,500 shares of Class B Common Stock, which were then converted into Class A Common Stock.
- Wampler also sold 2,500 shares of Class A Common Stock at a price of $26.97 per share, resulting in a decrease in her direct holdings.
- Following these transactions, Wampler directly owns 10,258 shares of Class A Common Stock and 507,200 stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reports routine insider trading activity under a pre-arranged plan. There is no indication of positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of Doximity's directors.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the pre-planned nature of the trades mitigates any significant concerns.
Key Dates
| Date | Description |
|---|---|
| 03/27/2020 | Start date for vesting of stock options in 36 equal monthly installments. |
| 06/10/2020 | Date the stock option was granted. |
| 08/24/2023 | Date the Reporting Person adopted a Rule 10b5-1 trading plan. |
| 04/01/2024 | Date of the reported transactions: stock option exercise and sale of shares. |
| 06/09/2030 | Expiration date of the stock option. |
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