ZATZ STEVEN L 4
Research Summary
AI-generated summary
Doximity President Steven Zatz Receives RSU Award (55,524 shares)
What Happened
- Steven L. Zatz, President of Doximity, was granted 55,524 restricted stock units (RSUs) on May 15, 2026. The Form 4 reports an acquisition (code A) at $0.00 per share — this is a compensation award, not a market purchase. Each RSU represents a contingent right to one share of Class A common stock upon vesting.
Key Details
- Transaction date: May 15, 2026; transaction type/code: Grant/Award (A); price reported: $0.00.
- Vesting: RSUs vest in equal quarterly installments over 12 months beginning August 15, 2026, subject to continuous service (per footnote F1).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing: Form 4 was filed June 18, 2026 — this is later than the typical 2-business-day filing window for Form 4s (appears to be a late filing).
Context
- RSUs are deferred-compensation awards that convert to shares only as they vest; they do not represent an immediate buy or sell and are commonly used for executive compensation. A grant is informational rather than a direct market signal; investors typically view purchases as stronger indicators of insider conviction. A late filing reduces timeliness of disclosure but does not change the grant terms disclosed.