Doximity's Co-Founder Just Filed a Form 4. Is There Anything in It Worth Worrying About?
Tangney executed a non-discretionary sale to cover tax withholding on vesting equity awards.
Overview
Jeffrey Tangney, the chief executive officer of Doximity, Inc. (NYSE:DOCS), reported the disposition of 8,505 shares of Class A Common Stock on August 15, according to an 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.