Paul Jorgensen, Insider Trading, New York 2026
Former Doximity executive Paul Jorgensen has been sentenced to 26 months in prison for his role in a multimillion-dollar insider trading scheme.
Jorgensen, the former Chief Revenue Officer of Doximity, was sentenced on May 21, 2026, by U.S. District Judge Katherine Polk Failla for committing securities fraud in connection with a scheme to trade in stock and options of Doximity based on inside information in advance of the company’s quarterly earnings calls.
According to the allegations, Jorgensen repeatedly used Doximity’s confidential information to trade in advance of the company’s quarterly earnings calls, earning himself more than $2.5 million in illegal profits.
“While employed as a senior executive at Doximity, Paul Jorgensen repeatedly used Doximity’s confidential information to trade in advance of the company’s quarterly earnings calls, earning himself more than $2.5 million in illegal profits,” said U.S. Attorney Jay Clayton.
“Insider trading destroys faith in the fairness and integrity of our markets. This Office is committed to protecting market integrity and rooting out bad actors. As this prosecution and sentence make clear, executives who trade on their company’s confidential information will be prosecuted.”
Jorgensen, who joined Doximity in 2017 and became Chief Revenue Officer in 2022, had access to confidential information about Doximity’s financial outlook, performance, and earnings results, and owed a duty of trust and confidence to the company.
In July 2022, Jorgensen became aware that Doximity’s add-on sales to clients, referred to as “upsells,” had declined over the previous quarter. On July 28, 2022, Jorgensen attended a Board meeting in advance of the upcoming earnings call in which the company’s negative results were discussed.
Jorgensen engaged in a scheme to reap illegal profits by trading on material nonpublic information regarding Doximity, a publicly-traded company, in violation of the duties of trust and confidence owed to the company and its shareholders.
Doximity is an online networking service for medical professionals that trades on the New York Stock Exchange under the ticker symbol “DOCS.”
In 2023, Jorgensen again traded based on Doximity’s confidential information. In July 2023, Jorgensen became aware that Doximity’s upsells had continued to decline over the previous quarter.
Jorgensen sold 61,162 shares of Doximity that he secretly held in a personal brokerage account, avoiding losses of more than $300,000.
Defendant/Respondent: Paul Jorgensen
Criminal Charges: Securities Fraud
City and State: New York
Exact Date: May 21, 2026
Sentence or Outcome: 26 months in prison
Dollar Amounts: $2.5 million in illegal profits
Key Facts
- State: New York
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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