Doximity Investor $31M Settlement, Are You Eligible to Claim Your Share Before July 16, 2026

Investors who bought Doximity stock between June 2021 and August 2023 may be entitled to a cash payment from a $31 million settlement resolving claims that the company misled shareholders about how many physicians were actively using its platform. A federal court granted preliminary approval on February 25, 2026. The claim deadline is July 16, 2026.

Field	Detail
Settlement Amount	$31,000,000
Claim Deadline	July 16, 2026
Who Qualifies	Purchasers of Doximity common stock June 24, 2021 – August 8, 2023
Estimated Payout	~$0.32 per share (pro rata, before deductions)
Proof Required	Yes — transaction records required
Settlement Status	Preliminarily Approved
Administrator	AB Data, Ltd.
Official Website	DoximitySecuritiesLitigation.com

Where things stand right now:

• Judge Noël Wise granted preliminary approval on February 25, 2026, and indicated she expects to grant final approval after a June hearing.
• The opt-out and objection deadline is May 20, 2026. The final approval hearing is scheduled for June 10, 2026, at 9:00 a.m. Pacific Time.
• Payments will only go out after the court grants final approval, all appeals resolve, and the administrator finishes processing claims — likely sometime in late 2026 or 2027.

What Investors Alleged Doximity Did Wrong

The lawsuit claimed that Doximity misled investors about how many active users its platform had. The company had described itself as a “LinkedIn for doctors” and claimed that more than 80% of U.S. physicians used its platform. Investors alleged those figures were misleading and artificially inflated the stock price.

In August 2023, Doximity slashed its revenue guidance, which triggered a 23% drop in the stock price. Shareholders who bought at inflated prices and then saw those losses argued the company had concealed the true state of its user engagement and business outlook.

The lawsuit named Doximity and its CEO, Jeffrey Tangney, as defendants, asserting violations of the federal securities laws on behalf of investors in Doximity common stock. Doximity and the named individuals settled without any admission of liability, fault, or wrongdoing.

Who Can File a Claim

The settlement class includes all persons who purchased or otherwise acquired Doximity common stock during the period from June 24, 2021, through August 8, 2023, and were damaged as a result.

• You may qualify if you bought Doximity common stock (ticker: DOCS) at any point between June 24, 2021 and August 8, 2023, inclusive
• You may qualify if you were damaged by the alleged misrepresentations — meaning your shares lost value connected to the disclosures in August 2023
• You may qualify whether you are an individual retail investor or an institutional investor (pension fund, asset manager, etc.)
• You may qualify even if you no longer hold the shares
• You will not qualify if you are among the excluded persons defined in paragraph 32 of the official Notice — this typically includes Doximity insiders, defendants, and their immediate family members

If you received a notice in the mail, your broker identified you as a potential class member. Even if you did not receive a notice, you may still be eligible to file.

Related article: $7.25M Patelco Credit Union Data Breach Settlement, Did Your Personal Information Get Stolen?

How Much Could You Receive

The $31 million total will be distributed on a pro rata basis, with an estimated average recovery of approximately $0.32 per share. That is a before-deductions figure.

The net settlement fund — what remains after attorneys’ fees, litigation expenses, taxes, and administrative costs — will be divided among all valid claimants. Your actual payment depends on three things: how many shares you owned, when exactly you purchased and sold them, and how many other investors file valid claims.

If total recognized losses across all claimants exceed the net fund, each payment is reduced proportionally. There are no tiers based on proof level — all claimants must submit transaction documentation. The administrator will calculate each claimant’s recognized loss under the court-approved plan of allocation.

How to File Your Claim

Step 1 — Go to DoximitySecuritiesLitigation.com and click “File Online Claim Form”

Step 2 — Enter your personal details, including your Social Security number (last four digits) or full taxpayer identification number

Step 3 — Enter all Doximity stock transactions during the June 24, 2021 – August 8, 2023 class period, including purchase dates, sale dates, share quantities, and prices paid

Step 4 — Upload supporting transaction documentation (brokerage statements or confirmation slips showing your Doximity trades)

Step 5 — Review everything, then submit your completed claim form

Step 6 — Save or print your confirmation number for your records

You can also download the PDF claim form and mail it to the administrator. If mailing, your form must be postmarked no later than July 16, 2026.

For questions, call the Help Line at 1-800-254-2939 or email [email protected].

Estimated time to complete: 10–20 minutes, depending on how many transactions you need to enter.

Key Dates

Milestone	Date
Settlement Agreement Signed	December 24, 2025
Preliminary Approval Granted	February 25, 2026
Claims Period Opens	February 25, 2026
Opt-Out Deadline	May 20, 2026
Objection Deadline	May 20, 2026
Final Approval Hearing	June 10, 2026
Claim Filing Deadline	July 16, 2026
Expected Payment Date	TBD (likely late 2026 or 2027)

Frequently Asked Questions

Do I need a lawyer to file a claim?

 No. You can file directly at DoximitySecuritiesLitigation.com without hiring an attorney. The form is straightforward for individual investors. If you have complex holdings or significant losses, you may choose to consult an attorney, but it is not required.

Is this settlement legitimate?

 Yes. The U.S. District Court for the Northern District of California granted preliminary approval on February 25, 2026. The official website is maintained by AB Data, Ltd., the court-appointed claims administrator. The case number is 5:24-cv-02281-NW.

When will I receive my payment? 

Payments go out only after the court grants final approval at the June 10, 2026 hearing, all appeals resolve, and the administrator finishes processing claims. Eligible investors should not expect payment before late 2026 at the earliest — 2027 is possible if appeals are filed.

What if I missed the claim deadline?

 If you do not file by July 16, 2026, you will not receive any payment. You will still be bound by the settlement’s release of claims, meaning you give up your right to sue Doximity separately over the same allegations.

Will this settlement payment affect my taxes?

 Securities settlement payments may be taxable depending on your individual situation. Consult a tax professional before filing your return. The settlement administrator does not provide tax advice.

What documents do I need?

 You need brokerage statements or trade confirmations showing your Doximity stock transactions during the June 24, 2021 – August 8, 2023 class period. Self-created records are not acceptable. Contact your broker for official statements if you no longer have them.

I still own Doximity stock — can I still file? 

Yes. Filing a claim does not require you to sell your shares. The settlement covers losses you experienced during the class period. Your current holdings are completely unaffected by participating.

What does “pro rata” mean for my payout? 

Pro rata means the net fund is divided proportionally among all valid claimants based on each person’s calculated loss. More participants means smaller individual payments; fewer participants means larger ones. The estimated average is roughly $0.32 per share before deductions.

Investors tracking multiple open securities settlements may also want to review the Driven Brands $25 million securities settlement with a July 6, 2026 claim deadline, or the Rivian $250 million securities class action settlement with an April 20, 2026 deadline.

Sources & References

• DoximitySecuritiesLitigation.com — Official settlement administrator website (AB Data, Ltd.)
• SEC Form 8-K, Doximity, Inc., December 30, 2025 — Original SEC filing

Last Updated: March 27, 2026

Disclaimer: This article is for informational purposes only and does not constitute legal advice. Legal claims and outcomes depend on specific facts and applicable law. For advice regarding a particular situation, consult a qualified attorney.