Sitaram Siddharth 4

What Happened

• Sitaram Siddharth, Interim Principal Financial Officer (PFO) and Principal Accounting Officer (PAO) of Doximity (DOCS), had three related equity events reported on Feb 15, 2026: an award of 9,992 restricted stock units (RSUs) (acquired at $0), 946 shares were withheld to cover tax obligations (disposed) at $25.02 each for ~$23,669, and he purchased 384 shares through the company’s Employee Stock Purchase Plan (ESPP) at $21.27 each for $8,167.
• The RSU award is a grant (not an immediate sale) and vests in equal quarterly installments over 33 months beginning May 15, 2026, subject to continued service. The ESPP purchase is a cash purchase at an 85% purchase price under the plan.

Key Details

• Transaction date(s): February 15, 2026; Form 4 filed February 18, 2026 (appears timely).
• Specifics:
  • 9,992 RSUs granted (code A) at $0.00 — contingent right to one share per RSU (see footnote F1).
  • 946 shares withheld for taxes (code F) at $25.02 — total value ~$23,669 (footnote F2).
  • 384 shares purchased under ESPP (code A) at $21.27 — total cost $8,167; ESPP purchase price = 85% of closing price (footnote F3).
• Shares owned after transaction: not specified in the information provided.
• Notable footnotes: RSUs vest quarterly over 33 months (F1); tax withholding was mandated by issuer election and not a discretionary sale by Siddharth (F2); ESPP purchase was exempt under Rule 16b-3 and made at a discount (F3).

Context

• RSUs are future equity tied to continued service and vesting dates; the grant itself is not an immediate market transaction.
• The 946-share withholding is a routine tax-withholding event (not an insider-initiated sale for cash) and is commonly used to satisfy tax obligations when awards vest.
• The 384-share ESPP purchase is a straightforward employee purchase at a discount — a bona fide purchase that can be viewed as a small insider buy ($8.2K), but it’s modest in size relative to typical insider trades.