Tangney Jeffrey 4
4 · Doximity, Inc. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Doximity (DOCS) CEO Jeffrey Tangney Receives Award; Shares Withheld
What Happened
Jeffrey Tangney, CEO of Doximity, was reported as receiving 322,614 shares tied to performance-based restricted stock units (PSUs) on May 15, 2026 (recorded as an award at $0.00). On the same date the issuer withheld 14,964 shares to satisfy tax withholding obligations at $18.01/share, a withholding value of $269,502. The Form 4 thus shows a net reported increase of 307,650 shares (322,614 acquired minus 14,964 withheld).
Key Details
- Transaction dates: May 15, 2026 (reported on Form 4 filed May 19, 2026). Filing appears timely (within the SEC’s 2-business-day window).
- Award: 322,614 Class A shares reported as acquired (code A) at $0.00 per share (PSUs/awarded stock).
- Tax withholding: 14,964 shares withheld (code F) at $18.01 for a value of $269,502. This withholding is mandated by the issuer (footnote F2).
- Vesting/conditions (footnote F1): These are performance-based RSUs — following certification, 13,642 of the PSUs shall vest on May 15, 2026 and 308,972 shall vest on May 15, 2028, subject to continued service. Each PSU converts to one share if/when vested.
- Shares owned after the transaction: not provided in the details supplied.
Context
This filing documents a compensation award (PSUs) and routine tax withholding — not an open-market purchase or voluntary sale. PSUs are contingent on performance and service; only a portion is slated to vest immediately per the footnote, with the remainder scheduled for 2028. The withheld shares reflect required tax withholding and do not indicate a discretionary sale by the CEO. For investors, awards show management compensation alignment with performance metrics but are not the same signal as an insider buying stock on the open market.
Insider Transaction Report
- Award
Class A Common Stock
[F1]2026-05-15+322,614→ 2,555,424 total - Tax Payment
Class A Common Stock
[F2]2026-05-15$18.01/sh−14,964$269,502→ 2,540,460 total
Footnotes (2)
- [F1]Represents shares of Class A Common Stock underlying performance-based restricted stock units ("PSUs") granted on June 25, 2025. Following the Compensation Committee's certification of the applicable financial performance results for the fiscal year ended March 31, 2026, 13,642 of the PSUs shall vest on May 15, 2026 and 308,972 of the PSUs shall vest on May 15, 2028, subject to the Reporting Person's continued service to the Issuer through each applicable vesting date. Each PSU represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- [F2]Represents shares of Class A Common Stock withheld by the Issuer in satisfaction of tax withholding obligations in connection with the vesting of restricted stock units previously granted to the Reporting Person. Such withholding is mandated by an election of the Issuer made in advance and does not represent a discretionary trade by the Reporting Person.