Doximity president Steven L. Zatz disposed of 4,482 shares of Class A Common Stock on August 15 in a non-discretionary sell-to-cover transaction to satisfy tax withholding requirements upon vesting of restricted stock units. The sale, valued at $111,154 based on a weighted average price of $24.80, leaves Zatz with 51,864 directly held shares worth approximately $1.29 million. The filing follows a July 22 grant of 150,000 options with a $20.49 strike price that do not begin vesting until July 2027, aligning his compensation with future stock appreciation. Doximity reported June quarter revenue of $156.6 million, up 7%, but gross margin fell to 87.5% from 91.2% due to higher AI compute costs, and adjusted EBITDA declined 6% to $74.8 million.
Doximity IncInsider sale to cover taxes and declining margins/EBITDA signal financial concerns.
