Doximity, Inc. 8-K

What Happened
Doximity, Inc. (DOCS) reported on its Form 8-K (filed 2025-12-30) that the parties in In re Doximity, Inc. Securities Litigation (No. 5:24-cv-02281, N.D. Cal.) entered an Agreement of Settlement on December 24, 2025. The Settlement calls for an aggregate payment of $31 million, which the company says will be fully funded by insurance proceeds, and would include dismissal of all claims against Doximity and the named directors and officers without any admission of liability. The Settlement is subject to stockholder notice, court approval and other customary conditions.

Key Details

• Settlement amount: $31,000,000 aggregate payment.
• Funding: Stated to be fully paid by Doximity’s insurance carriers (insurance proceeds).
• Date and case: Agreement of Settlement entered December 24, 2025 in In re Doximity, Inc. Securities Litigation (N.D. Cal.).
• Outcome if approved: Dismissal of all claims against the company and named individuals, without admission of liability; subject to court approval, notice, possible objections, opt-outs, or appeals.

Why It Matters
For investors, this announced settlement could resolve the outstanding securities litigation against Doximity and its officers if the court approves it, removing legal uncertainty tied to that case. The company states the payment will be covered by insurance, which suggests no direct cash charge to the company if insurers perform as expected. However, resolution remains conditional on court approval and insurer cooperation; the filing highlights remaining risks (e.g., objections, appeals, opt-outs, or insurer noncompliance) in its forward-looking statements. Investors should monitor court filings and future SEC reports for final approval and any related financial disclosures.