Peter Anevski - Jun 23, 2021 Form 4 Insider Report for Progyny, Inc. (PGNY)

Role: President and COO
Signature: /s/ Jennifer Bealer, Attorney-in-Fact
Stock symbol: PGNY
Transactions as of: Jun 23, 2021
Transactions value $: $68,344
Form type: 4
Date filed: 6/25/2021, 04:34 PM
Previous filing: Jun 22, 2021
Next filing: Aug 27, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PGNY	Common Stock	Gift	$0	-84K	-16.83%	$0.00	415K	Jun 22, 2021	Direct
transaction	PGNY	Common Stock	Gift	$0	+84K		$0.00	84K	Jun 22, 2021	See footnote	F1
transaction	PGNY	Common Stock	Options Exercise	$64.7K	+71.1K	+17.14%	$0.91^*	486K	Jun 23, 2021	Direct
transaction	PGNY	Common Stock	Options Exercise	$3.62K	+2.41K	+0.5%	$1.50^*	489K	Jun 23, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PGNY	Employee Stock Option (right to buy)	Options Exercise	$0	-71.1K	-8.14%	$0.00	802K	Jun 23, 2021	Common Stock	71.1K	$0.91	Direct	F2
transaction	PGNY	Employee Stock Option (right to buy)	Options Exercise	$0	-2.41K	-6.62%	$0.00	34K	Jun 23, 2021	Common Stock	2.41K	$1.50	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reportable securities are held directly by the PECO ANEVSKI 2020 SD LLC.
F2	One-fourth (1/4th) of the shares subject to the Option vested on January 16, 2018, and one thirty-sixth (1/36th) of the remaining shares subject to the Option vested or shall vest each month thereafter, subject to the Reporting Person continuing to provide service through each such date.
F3	One-fourth (1/4th) of the shares subject to the Option vested on September 16, 2018 and one thirty-sixth (1/36th) of the remaining shares subject to the Option vested or shall vest each month thereafter, subject to the Reporting Person continuing to provide service through each such date.