MORGENTHALER VENTURE PARTNERS IX LP 4
4 · Doximity, Inc. · Filed Jun 28, 2021
Insider Transaction Report
Form 4
Doximity, Inc.DOCS
MORGENTHALER VENTURE PARTNERS IX LP
10% Owner
Transactions
- Conversion
Series C Preferred Stock
2021-06-28−1,659,476→ 0 total→ Class B Common Stock (1,659,476 underlying) - Conversion
Series B Preferred Stock
2021-06-28−15,410,874→ 0 total→ Class B Common Stock (15,410,874 underlying) - Conversion
Class B Common Stock
2021-06-28+17,070,350→ 17,070,350 total→ Class A Common Stock (17,070,350 underlying)
Footnotes (3)
- [F1]Each share of Series B Preferred Stock and Series C Preferred Stock (collectively, the "Preferred Stock") automatically converted into one share of Class B Common Stock, par value $0.001 per share (the "Class B Common Stock"), on a one-for-one basis, immediately prior to the closing of the Issuer's initial public offering ("IPO"). The shares of Preferred Stock have no expiration date.
- [F2]Each share of Class B Common Stock is convertible into one share of Class A Common Stock, par value $0.001 per share (the "Class A Common Stock"), at any time at the option of the holder. Each share of Class B Common Stock held by the Reporting Person will automatically convert into one share of Class A Common Stock, upon the following: (1) the sale or transfer of such share of Class B Common Stock, except for certain permitted transfers described in the Issuer's amended and restated certificate of incorporation; (2) the death or incapacity of the Reporting Person; and (3) on the final conversion date, defined as the earlier of (a) the tenth anniversary of the effectiveness of the registration statement in connection with the IPO; or (b) the date specified by a vote of the holders of at least 66 2/3% of the outstanding shares of Class B Common Stock, voting as a single class.
- [F3]These shares are directly held by Morgenthaler Venture Partners IX, L.P. ("Morgenthaler"). Morgenthaler Management Partners IX, LLC ("MMP IX") is the sole general partner of Morgenthaler. MMP IX may be deemed to indirectly beneficially own the shares held by Morgenthaler, and MMP IX disclaims beneficial ownership of such shares, except to the extent of its pecuniary interest therein.