Sitaram Siddharth 4

What Happened
Sitaram Siddharth, Doximity’s Interim PFO and PAO, reported transactions dated Feb 10, 2026. The filing shows a sale of 2,282 shares at $27.88 each for proceeds of $63,622. The same date also shows exercise/conversion activity affecting 5,000 derivative shares (records show acquisitions and dispositions at $0.00), reflecting the exercise/conversion of previously granted option/derivative securities and conversion of Class B into Class A common stock. The 2,282-share sale was a sell-to-cover to satisfy tax withholding obligations related to the option exercise and occurred pursuant to a Rule 10b5-1 trading plan.

Key Details

• Transaction date: February 10, 2026 (filed with SEC on March 12, 2026 — filing appears late relative to the standard 2-business-day Form 4 deadline).
• Sale: 2,282 shares at $27.88 each = $63,622 total. (Footnote F3: sell-to-cover to satisfy tax withholding.)
• Derivative activity: entries show exercise/conversion of 5,000 shares (reported with $0 cash consideration in the filing).
• Plan/authority: sale occurred under a Rule 10b5-1 trading plan adopted Aug 28, 2025 (Footnote F2).
• Vesting/option background: the option was granted Dec 22, 2020 and vested on a 1/4 then monthly schedule (Footnote F4).
• Share-class note: Class B shares are convertible into Class A at holder’s option and may convert automatically on certain events (Footnotes F1, F5).
• Shares owned after transaction: not specified in the information provided.

Context
The filing combines option exercise/conversion activity with an automatic/scheduled sell-to-cover sale. Sell-to-cover transactions and trades under 10b5-1 plans are common administrative moves to cover tax withholding and are generally viewed as routine rather than a clear bullish or bearish signal. For derivative entries, the reported $0.00 consideration reflects conversion/exercise accounting on the Form 4; the related tax withholding sale is the cash-generating event shown.