The sale, part of a routine equity compensation process, leaves the executive with 51,864 shares valued at $1.29 million.
Doximity President Steven L. Zatz sold 4,482 shares of Class A Common Stock on August 15 at a weighted average price of $24.80. The transaction was a non-discretionary sell-to-cover move to satisfy tax withholding requirements tied to vesting restricted stock units, a standard practice for executive compensation.
Following the sale, Zatz retains direct ownership of 51,864 shares, valued at $1.29 million based on the August 14 closing price. Doximity’s market capitalization stands at $4.6 billion, supported by trailing 12-month revenue of $655.6 million and net income of $167.0 million.
The company operates a digital platform for healthcare professionals, focusing on peer connectivity and patient care coordination.