Wampler Kira Scherer 4

What Happened

• Kira Scherer Wampler, a director of Doximity (DOCS), disposed of 9,000 shares on May 7, 2026, in an open-market sale at $26.06 per share for proceeds of $234,540. The filing shows related derivative activity (exercises/conversions) associated with the same 9,000 shares.
• The sale occurred automatically pursuant to a Rule 10b5-1 trading plan. The Form 4 reports conversion/exercise events (derivative codes M and C) with $0.00 exercise/conversion prices, indicating conversion/exercise treatment rather than a cash purchase in the reporting line.

Key Details

• Transaction date: 2026-05-07; sale price $26.06; total proceeds $234,540.
• Report filed: 2026-05-08 (timely, next-business-day filing).
• Notable footnotes:
  • F2: Sales occurred automatically under a 10b5-1 plan adopted Nov 12, 2024.
  • F1/F4: Class B common shares are convertible into Class A common shares at the holder's option; conversions may occur automatically on sale or other events.
  • F3: Related option was granted June 10, 2020, and vested in monthly installments beginning March 27, 2020.
• Shares owned after the transaction: not specified in the provided filing details.

Context

• This sequence shows conversion/exercise of derivative holdings (options or Class B shares) and an immediate/automatic sale — a common pattern when insiders convert vested derivative securities and sell shares under a pre-established plan. The 10b5-1 plan means the sales were prearranged and not ad hoc.
• Sales are routinely used for diversification or liquidity and do not by themselves indicate management sentiment; purchases generally signal more direct insider bullishness.