Jeffrey Tangney disposed of 8,505 DOCS shares to cover tax obligations, reducing direct holdings by 0.3%.
Doximity CEO Jeffrey Tangney sold 8,505 shares of Class A Common Stock at a weighted average price of $24.80 on August 15. The transaction, disclosed in an SEC Form 4 filing, was executed to satisfy tax withholding requirements tied to the vesting of previously granted equity awards.
The sale represents a 0.3% reduction in Tangney’s direct holdings, leaving him with 2,531,955 shares, or a 1% ownership stake in the company. The filing noted the disposition was non-discretionary and did not reflect a change in the executive’s market outlook.
Doximity, which operates a digital platform for healthcare professionals, generates revenue through subscriptions and licensing agreements with pharmaceutical firms and healthcare organizations.