The SEC charged Paul Jorgensen, former Chief Revenue Officer of Doximity, Inc., a digital platform provider for U.S. medical professionals, with insider trading. On two occasions, Jorgensen sold shares of Doximity stock based on material nonpublic information (MNPI) concerning the company's performance. In the first instance, and again a year later after being terminated, Jorgenson sold shares ahead of quarterly earnings calls in which Doximity announced lower-than-expected sales. In the second instance, Jorgensen further misused MNPI related to a planned reduction in force. The SEC noted that Jorgensen's unlawful trading resulted in aggregate profits and losses avoided of approximately $2,532,775. Disgorgement and penalties have yet to been set. Jorgensen pled guilty to committing securities fraud in a parallel criminal action brought by the U.S. Attorney’s Office for the Southern District of New York and is awaiting sentencing.