Wampler Kira Scherer 4
Research Summary
AI-generated summary
Doximity (DOCS) Director Kira Wampler Sells 2,000 Shares
What Happened
- Kira Scherer Wampler, a director of Doximity (DOCS), sold 2,000 shares in an open-market transaction on February 2, 2026 at $37.33 per share, generating $74,660 in proceeds.
- The sale followed conversion/exercise activity reported the same day: derivative securities (including a stock option / convertible Class B shares) were exercised/converted and resulted in the acquisition of 2,000 Class A shares that were then sold. The reported exercise/conversion amounts are shown at $0.00 per share in the filing (see footnotes for conversion details).
Key Details
- Transaction date: 2026-02-02; Sale price: $37.33; Proceeds: $74,660.
- Report filed: 2026-02-04 — appears timely (Form 4 typically due within two business days).
- Shares owned after transaction: not specified in the provided filing excerpt.
- Notable footnotes:
- F2: The sale occurred automatically under a Rule 10b5-1 trading plan adopted Nov 12, 2024.
- F1/F4: Each Class B share is convertible into one Class A share at the holder’s option; certain events (including transfers) can trigger automatic conversion.
- F3: The stock option referenced was granted June 10, 2020 and vested in monthly installments beginning March 27, 2020.
- Transaction types reported: conversion of derivative (C), exercise/conversion of derivative (M), and open-market sale (S).
Context
- The sequence (exercise/conversion followed by immediate sale) indicates the shares were converted or exercised and then sold the same day — effectively a disposal rather than a long-term buy.
- The sale was executed under a pre-established 10b5-1 plan, which typically schedules trades in advance and is considered routine rather than a discretionary, contemporaneous insider decision.
- For retail investors, purchases typically carry stronger signals than routine sales; this filing documents a routine sale following conversion/exercise of derivative holdings.