Shares of Doximity, Inc. (DOCS) experienced a sharp decline during Monday's trading session, plummeting 7.39% as investors reacted to news of a director's stock disposal. The significant drop highlights the market's sensitivity to insider trading activities, especially those involving high-ranking company officials.

According to a recent filing, Regina M. Benjamin, a director at Doximity Inc., reported a disposal of Class A Common Stock shares. While the exact number of shares and the reason for the disposal were not immediately clear, such actions by company insiders often trigger concern among investors about the company's future prospects.

The timing and magnitude of the stock's decline suggest that market participants interpreted the director's share disposal as a potential lack of confidence in the company's near-term outlook. Investors will likely be watching closely for any additional insider transactions or company announcements that might provide more context for the stock's movement and the overall health of Doximity's business.