Form 4: Doximity Director Kira Scherer Wampler Executes Stock Option and Sells Shares Under 10b5-1 Plan
SEC Form 4
Director Kira Scherer Wampler exercised stock options and sold shares of Doximity, Inc. (DOCS) Class A Common Stock on July 1, 2024, according to a Form 4 filing with the SEC.
Summary
- On July 1, 2024, Kira Scherer Wampler, a director of Doximity, Inc. (DOCS), executed a stock option to acquire 2,500 shares of Class A Common Stock at a price of $1.54 per share.
- Simultaneously, Wampler converted 2,500 shares of Class B Common Stock into Class A Common Stock.
- Wampler also sold 2,500 shares of Class A Common Stock at a price of $28 per share.
- These transactions were executed 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 499,700 shares of Class B Common Stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider trading activity. The transactions appear to be part of a pre-planned strategy, so the sentiment is neutral.
Future Outlook
The director's future transactions may be governed by the existing Rule 10b5-1 trading plan.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. The use of a 10b5-1 plan suggests pre-planned and compliant trading activity.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of Class A shares.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| March 27, 2020 | Start date for the stock option vesting in 36 equal monthly installments. |
| June 10, 2020 | Date the stock option was granted. |
| August 24, 2023 | Date the Reporting Person adopted the Rule 10b5-1 trading plan. |
| July 01, 2024 | Date of the reported transactions: stock option exercise, stock conversion, and stock sale. |
| June 09, 2030 | Expiration date of the stock option. |
| TBD | Final conversion date for Class B Common Stock, defined as the earlier of (a) the tenth anniversary of the effectiveness of the registration statement in connection with the Issuer's initial public offering; or (b) the date specified by a vote of the holders of at least 66 2/3% of the outstanding shares of Class B Common Stock, voting as a single class. |
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