4/A: Doximity Director Timothy Cabral Amends SEC Filing to Correct Erroneous Transaction Data

Timothy Cabral, a director at Doximity, Inc., filed an amended SEC Form 4/A to correct errors in a previous filing regarding the sale of Class A Common Stock.

Summary

• Timothy Cabral, a director at Doximity, Inc., filed an amended SEC Form 4/A on February 5, 2025, to correct a previous filing from July 31, 2023.
• The amendment removes certain transactions that were erroneously included in the original filing.
• On July 28, 2023, Cabral sold 4,714 shares of Class A Common Stock at a weighted-average price of $34.9569 per share.
• Following the transaction, Cabral beneficially owns 5,544 shares of Doximity's Class A Common Stock directly.
• The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 16, 2022.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing. The correction of errors is a positive sign of diligence, but the overall impact is neutral.

Industry Context

This filing is a routine disclosure related to insider trading activities and is common for publicly traded companies. It provides transparency into the transactions of company insiders.

Comparison to Industry Standards

• SEC Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders across all publicly traded companies.
• The use of Rule 10b5-1 trading plans is a common strategy employed by executives to avoid accusations of insider trading, aligning with industry best practices for compliance.

Stakeholder Impact

• The correction of the filing ensures accurate information for shareholders and potential investors.
• The disclosure of insider trading activities provides transparency to the market.

Key Dates