Form 4: Doximity Director Kira Scherer Wampler Executes Stock Option and Sells Shares Under 10b5-1 Plan

Kira Scherer Wampler, a director at Doximity, Inc., exercised stock options and sold 2,500 shares of Class A Common Stock at an average price of $28.182 per share, according to a recent SEC filing.

Summary

• On August 1, 2024, Kira Scherer Wampler, a director of Doximity, Inc., executed a stock option to acquire 2,500 shares of Class B Common Stock for $1.54 per share.
• These shares were then converted into Class A Common Stock.
• Simultaneously, Wampler sold 2,500 shares of Class A Common Stock at a weighted-average price of $28.182 per share, with individual sales ranging from $27.94 to $28.42.
• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan adopted on August 24, 2023.
• Following these transactions, Wampler directly owns 10,258 shares of Class A Common Stock and 497,200 stock options exercisable into Class B Common Stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the trading activities of company directors. It is common for executives to utilize 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the sale of shares by a director.
• The impact is likely minimal given the relatively small number of shares sold and the existence of a pre-arranged trading plan.

Key Dates