SCHEDULE 13G/A: Emergence Capital Entities Disclose 4.1% Beneficial Stake in Doximity, Inc. via Amended Schedule 13G Filing

Emergence Capital Partners and related entities have filed an Amendment No. 4 to their Schedule 13G, disclosing their collective beneficial ownership of 4.1% of Doximity, Inc.'s Class A Common Stock as of December 31, 2024.

Summary

• Emergence Capital Partners II, L.P. (ECP II) directly owns 4,820,546 shares of Class B Common Stock of Doximity, Inc., representing approximately 3.6% of the outstanding Class A Common Stock on an as-converted basis.
• Emergence Capital Opportunity I, L.P. (ECO I) directly owns 581,250 shares of Class A Common Stock, representing approximately 0.5% of the outstanding Class A Common Stock.
• Emergence Equity Partners II, L.P. (EEP II), as the sole general partner of ECP II, is deemed to beneficially own 4,820,546 shares of Class B Common Stock, also representing 3.6% of Class A Common Stock on an as-converted basis.
• Emergence Equity Partners VI, L.P. (EEP VI), as the sole general partner of ECO I, is deemed to beneficially own 581,250 shares of Class A Common Stock, representing 0.5% of Class A Common Stock.
• Emergence GP Partners, LLC (EGP), as the sole general partner of both EEP II and EEP VI, is deemed to beneficially own a total of 5,401,796 shares (4,820,546 Class B and 581,250 Class A), representing approximately 4.1% of the outstanding Class A Common Stock on an as-converted basis.
• Each share of Class B Common Stock is entitled to ten votes and automatically converts into one share of Class A Common Stock upon certain events.
• The percentage of class was calculated based on 128,135,991 shares of Class A Common Stock outstanding as of October 31, 2024, as reported in Doximity's Form 10-Q filed on November 7, 2024.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or information that would indicate a positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership by an institutional investor in a publicly traded company within the healthcare technology sector. It reflects an ongoing investment position rather than a new strategic move or industry trend.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, which can be a factor in assessing investor confidence and potential influence on corporate governance, particularly given the dual-class share structure.

Key Dates

Keywords

Doximity Inc., DXCM, Emergence Capital, Schedule 13G, Beneficial Ownership, Class A Common Stock, Class B Common Stock, SEC Filing, Investment, Institutional Investor