Paul Jorgensen

Paul W. Jorgensen
Born:
Charges:	Securities fraud (2 counts)
Sentence:	26 months federal prison, 2 years supervised release
Facility:
Status:	Sentenced

Paul W. Jorgensen is a former American technology executive who served as Chief Revenue Officer of Doximity, Inc., a publicly traded physician-networking and healthcare-technology company. In January 2026 he pleaded guilty to two counts of securities fraud in the U.S. District Court for the Southern District of New York. The charges arose from a scheme in which he traded Doximity stock and options ahead of the company's quarterly earnings announcements using material nonpublic information.

Jorgensen's trades produced aggregate illegal profits and losses avoided of approximately $2.53 million. The conduct spanned two periods. In August 2022 he sold shares before a negative earnings call. In August 2023, days after his termination from Doximity, he traded again before another earnings announcement, this time using options to bet against the stock.

On May 21, 2026, U.S. District Judge Katherine Polk Failla sentenced Jorgensen to 26 months in prison, followed by two years of supervised release. The court ordered him to forfeit $2,532,775.52. A parallel civil action by the U.S. Securities and Exchange Commission, filed in March 2026 on a settled basis, included a permanent bar from serving as an officer or director of a public company.

Background

Jorgensen worked as a senior executive at Doximity, Inc. He held the title of Chief Revenue Officer. Doximity operates an online networking platform for physicians and other medical professionals in the United States. The company's common stock trades on the New York Stock Exchange under the ticker symbol DOCS.

As Chief Revenue Officer, Jorgensen had access to confidential financial information about the company. That access included internal sales figures and advance knowledge of results before they were disclosed to the public on quarterly earnings calls.

Jorgensen was 53 years old at the time of his sentencing. He resided in Charlotte, North Carolina. Doximity terminated his employment in August 2023.

Insider Trading Scheme

Federal prosecutors described two separate episodes of trading. Both occurred in advance of Doximity earnings announcements. Both relied on information Jorgensen learned through his role at the company.

2022 Trades

On July 28, 2022, Jorgensen attended a Doximity board meeting. The meeting took place before an upcoming earnings call. Company executives discussed negative results during the session.

After the meeting, Jorgensen sent a text message to a close family member. He wrote that he was "[n]ot selling [his] DOCS shares" because he had "non-public confidential info and it's just not right to sell."

Two days later, Jorgensen learned he had been reassigned to a sales role at the company. He then texted the same family member that he had "decided to sell [his] DOCS shares" because he needed to "protect us first and foremost."

The following day, Jorgensen sold 61,162 shares of Doximity. He held the shares in a personal brokerage account. After the earnings call, the company's share price fell by approximately seven percent. The sale allowed Jorgensen to avoid losses of more than $300,000.

2023 Trades

In August 2023, Doximity terminated Jorgensen's employment. Days after his termination, and before the company's next earnings call, he traded again. He acted on material nonpublic information about the company's lower-than-expected sales, the underperformance of its sales team, and a planned reduction in force.

Ahead of the August 8, 2023 earnings announcement, Jorgensen sold 15,000 shares of Doximity stock. He also sold 1,300 call options, which earned him roughly $200,000. The stock sale itself produced about $114,000.

Jorgensen then purchased 4,700 put options. Put options gain value when a stock declines. After the earnings announcement, Doximity's share price dropped sharply. He closed out the put position and collected nearly $2 million.

The two rounds of trading produced aggregate profits and losses avoided of approximately $2,532,775.

Charges and Guilty Plea

On January 9, 2026, Jorgensen pleaded guilty in the U.S. District Court for the Southern District of New York. He admitted to two counts of securities fraud. Each count carried a maximum sentence of 20 years in prison.

The case was prosecuted by the U.S. Attorney's Office for the Southern District of New York. Assistant U.S. Attorney Alexandra Rothman was in charge of the prosecution. The case was assigned to U.S. District Judge Katherine Polk Failla.

The Securities and Exchange Commission filed a parallel civil action on March 16, 2026. The complaint charged Jorgensen with violations of the antifraud provisions of the federal securities laws. It also alleged that he failed to file required reports disclosing his August 2022 stock sales. Jorgensen consented to a settlement. He agreed to a permanent injunction against further violations and a permanent bar from serving as an officer or director of a public company. Under the bifurcated settlement, the court will determine disgorgement, prejudgment interest, and any civil penalty on a later motion by the Commission.

Sentencing

On May 21, 2026, Judge Failla sentenced Jorgensen to 26 months in prison. The sentence included two years of supervised release to follow his term of incarceration. The court ordered Jorgensen to forfeit $2,532,775.52, an amount matching his aggregate trading gains and losses avoided.

U.S. Attorney Jay Clayton announced the sentence. In a statement, Clayton said that insider trading "destroys faith in the fairness and integrity of our markets" and that "[e]xecutives who trade on their company's confidential information will be prosecuted."

Frequently Asked Questions

Q: Who is Paul Jorgensen?

Paul W. Jorgensen is a former technology executive who served as Chief Revenue Officer of Doximity, Inc., a publicly traded physician-networking and healthcare-technology company. He pleaded guilty in January 2026 to two counts of securities fraud for insider trading in Doximity stock and options.

Q: What did Paul Jorgensen do?

Jorgensen traded Doximity securities ahead of two quarterly earnings announcements using material nonpublic information he obtained as a company executive. In August 2022 he sold 61,162 shares before a negative earnings call. In August 2023, days after his termination, he traded stock and options before another earnings announcement, including put options that profited when the stock fell. The trades produced about $2.53 million in profits and losses avoided.

Q: How long is Paul Jorgensen's sentence?

U.S. District Judge Katherine Polk Failla sentenced Jorgensen on May 21, 2026, to 26 months in federal prison, followed by two years of supervised release.

Q: How much money was involved?

Jorgensen's two rounds of trading produced aggregate profits and losses avoided of approximately $2,532,775. The court ordered him to forfeit $2,532,775.52.

Q: What company did Paul Jorgensen work for?

Jorgensen was Chief Revenue Officer of Doximity, Inc., an online networking platform for physicians and other medical professionals. Doximity common stock trades on the New York Stock Exchange under the ticker symbol DOCS.

Q: When did Paul Jorgensen plead guilty?

Jorgensen pleaded guilty to two counts of securities fraud on January 9, 2026, in the U.S. District Court for the Southern District of New York.

Q: Was there an SEC case against Paul Jorgensen?

Yes. The U.S. Securities and Exchange Commission filed a settled civil action on March 16, 2026. Jorgensen agreed to a permanent injunction and a permanent bar from serving as an officer or director of a public company. The court will set disgorgement, interest, and any civil penalty on a later motion.

Q: How did Paul Jorgensen get caught?

Jorgensen's trading patterns ahead of Doximity earnings announcements drew the attention of federal investigators. His own text messages to a family member, in which he acknowledged holding "non-public confidential info," were cited by prosecutors as evidence of his knowledge.