Doximity Handed Its President 150,000 Options Last Month. Here's What the Latest Filing Signals for Investors
Restricted stock unit vesting triggered a routine sell-to-cover sale, reducing Zatz's direct holdings by 8% while leaving him with $1.3 million in remaining equity.
Overview
Steven L. Zatz, the president of Doximity, Inc. (NYSE:DOCS), disposed of 4,482 shares of Class A Common Stock on August 15, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($24.80).
Details
Doximity is a leading digital health platform serving the U.S. healthcare practitioner community with approximately 880 employees and a market capitalization of $4.6 billion. The company has achieved substantial profitability with TTM net income of $167.0 million on revenue of $655.6 million, demonstrating strong unit economics and operational efficiency. Doximity's competitive advantage derives from its comprehensive practitioner network, integrated suite of clinical and professional tools, and established relationships with pharmaceutical and healthcare organization customers.
Source
Originally published at www.fool.com.