Director Timothy S. Cabral filed a Form 4 with the SEC on November 9, 2026, reporting transactions in Doximity, Inc. (NYSE:DOCS) Class A and Class B Common Stock dated November 5, 2026.

Key Highlights

  • Stock option exercise: Cabral exercised a stock option for 7,500 shares of Class B Common Stock at an exercise price of $2.21 per share on November 5, 2026.
  • Conversion to Class A: 7,500 shares of Class B Common Stock were converted into 7,500 shares of Class A Common Stock at the option of the holder.
  • Shares sold: 10,721 shares of Class A Common Stock were sold at $35 per share on November 5, 2026.
  • 10b5-1 plan: According to the filing, the sales occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by Cabral on February 19, 2026.
  • Remaining Class A holdings: Following the transactions, Cabral directly held 8,084 shares of Class A Common Stock.
  • Remaining derivative securities: Cabral's remaining stock options (right to buy) stood at 318,500 shares of Class B Common Stock after the reported transactions.

Cabral's November 5 Transactions: Option Exercise, Conversion, and Planned Sale

According to the filing, Doximity director Timothy S. Cabral conducted a series of linked transactions on November 5, 2026. First, Cabral exercised a stock option covering 7,500 shares of Class B Common Stock at an exercise price of $2.21 per share. The filing notes the option was granted on September 2, 2020, and vested in 36 equal monthly installments after September 2, 2020, subject to Cabral's continuous service relationship with the issuer through each applicable vesting date.

Following the option exercise, the 7,500 Class B shares were converted into 7,500 shares of Class A Common Stock at the holder's option, as permitted under the terms described in the filing. The filing states that each share of Class B Common Stock converts into one share of Class A Common Stock at the option of the holder, and that automatic conversion also occurs upon sale or transfer (with limited exceptions), the holder's death or incapacity, or on a defined final conversion date.

Separately, Cabral disposed of 10,721 shares of Class A Common Stock at a price of $35 per share. The filing attributes these sales to a Rule 10b5-1 trading plan that Cabral adopted on February 19, 2026, and states the sales "occurred automatically" under that plan. After all reported transactions, Cabral directly held 8,084 shares of Class A Common Stock and 318,500 stock options (right to buy) in Class B Common Stock. The filing was signed by John Vaughan as Attorney-in-Fact on November 9, 2026.

What Was Disclosed

The filing disclosed a stock option exercise of 7,500 Class B shares at $2.21, their conversion into Class A shares, and the automatic sale of 10,721 Class A shares at $35 under a pre-established 10b5-1 plan, leaving Cabral with 8,084 Class A shares directly held.