Form 4: Emergence Capital Converts and Distributes Doximity Shares

Kevin Spain, a Doximity director, reports the conversion and distribution of Class B Common Stock to Class A Common Stock by Emergence Capital Partners II, L.P.

Summary

• On May 21, 2024, Emergence Capital Partners II, L.P. (ECP II) converted 1,928,000 shares of Doximity's Class B Common Stock into an equal number of Class A Common Stock shares.
• Following the conversion, ECP II distributed all 1,928,000 Class A Common Stock shares pro-rata to its partners, including limited partners and its general partner, Emergence Equity Partners II, L.P. (EEP II).
• EEP II then distributed its share of 412,798 Class A Common Stock shares to its limited partners.
• Kevin Spain, as a member of EEP II, disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• The report also details Mr. Spain's direct and indirect ownership of Doximity shares, including restricted stock units and shares held by family trusts and other Emergence Capital entities.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Industry Context

Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders and large shareholders. This filing reflects the activity of a significant shareholder, Emergence Capital, and its distribution of shares to its partners.

Stakeholder Impact

• The distribution of shares may have a minor impact on the shareholder base, but the overall effect is likely to be minimal.

Key Dates