Doximity Reaches $31M Insurance-Funded Settlement To Resolve Securities Litigation, If Approved By The Court And If All Conditions Are Satisfied

As previously reported, Doximity, Inc. ("Doximity" or the "Company") and certain company directors and officers have been named as defendants in a securities litigation lawsuit ("Securities Litigation") pending in the United States District Court for the Northern District of California, captioned In re Doximity, Inc. Securities Litigation, No. 5:24-cv-02281 (N.D. Cal.).

On December 24, 2025, the parties entered into an Agreement of Settlement (the "Settlement"), that, if approved by the court and if all conditions are satisfied, will resolve the Securities Litigation. The Settlement provides for an aggregate settlement payment of $31 million, which will be fully funded by insurance proceeds. The Settlement includes the dismissal of all claims against the Company and the named individuals without any admission of liability, fault or wrongdoing attributed to them. The Settlement remains subject to stockholder notice, court approval and other customary conditions.