Doximity CEO Jeffrey Tangney Withholds 8,505 Shares for Taxes

What Happened

• Jeffrey Tangney, CEO of Doximity (DOCS), had 8,505 shares of Class A common stock withheld by the company to satisfy tax withholding obligations tied to the vesting of restricted stock units (RSUs). The shares were valued at $24.80 each, totaling approximately $210,924. This was an administrative tax-withholding event, not an open-market sale.

Key Details

• Transaction date: 2026-08-15; Form 4 filed: 2026-08-17 (filed within the typical two-business-day window).
• Transaction type/code: F — shares withheld to satisfy tax withholding.
• Price per share: $24.80; shares withheld/disposed: 8,505; total value: ~$210,924.
• Shares owned after the transaction: not specified in the provided filing.
• Footnote: The filing states the issuer withheld shares to satisfy tax obligations in connection with RSU vesting; the withholding was mandated by an issuer election and was not a discretionary trade by the reporting person.

Context

• Tax-withholding share dispositions occur when RSUs vest and the company withholds shares to cover required taxes; this is a routine administrative step and should not be treated the same as an intentional open-market sale or signal of insider sentiment.