David J. Schlanger - 01 Oct 2021 Form 4 Insider Report for Progyny, Inc. (PGNY)

Role: Chief Executive Officer, Director
Signature: /s/ Jennifer Bealer, Attorney-in-Fact
Issuer symbol: PGNY
Transactions as of: 01 Oct 2021
Net transactions value: -$8,492,243
Form type: 4
Filing time: 05 Oct 2021, 19:28:41 UTC
Previous filing: 07 Sep 2021
Next filing: 03 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PGNY	Common Stock	Options Exercise	$45,500	+50,000		$0.9100^*	50,000	01 Oct 2021	Direct
transaction	PGNY	Common Stock	Sale	$778,071	-13,690	-27%	$56.84	36,310	01 Oct 2021	Direct	F1, F2, F3
transaction	PGNY	Common Stock	Sale	$2,085,007	-36,310	-100%	$57.42	0	01 Oct 2021	Direct	F1, F3, F4
transaction	PGNY	Common Stock	Options Exercise	$45,500	+50,000		$0.9100^*	50,000	04 Oct 2021	Direct
transaction	PGNY	Common Stock	Sale	$2,866,775	-50,000	-100%	$57.34	0	04 Oct 2021	Direct	F1, F3, F5
transaction	PGNY	Common Stock	Options Exercise	$45,500	+50,000		$0.9100^*	50,000	05 Oct 2021	Direct
transaction	PGNY	Common Stock	Sale	$1,726,068	-29,870	-60%	$57.79	20,130	05 Oct 2021	Direct	F1, F3, F6
transaction	PGNY	Common Stock	Sale	$1,172,822	-20,130	-100%	$58.26	0	05 Oct 2021	Direct	F1, F3, F7

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	-50,000	-1.9%	$0.000000	2,634,384	01 Oct 2021	Common Stock	50,000	$0.9100	Direct	F8
transaction	PGNY	Employee Stock Option (right to buy)	Options Exercise	$0	-50,000	-1.9%	$0.000000	2,584,384	04 Oct 2021	Common Stock	50,000	$0.9100	Direct	F8
transaction	PGNY	Employee Stock Option (right to buy)	Options Exercise	$0	-50,000	-1.9%	$0.000000	2,534,384	05 Oct 2021	Common Stock	50,000	$0.9100	Direct	F8

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

Explanation of Responses:

Id	Content
F1	Shares sold pursuant to a Rule 10b5-1 trading plan entered into on June 25, 2021.
F2	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $56.640 to $56.990 inclusive.
F3	The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (4), (5), (6) and (7).
F4	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.01 to $57.91 inclusive.
F5	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.02 to $57.89 inclusive.
F6	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $57.40 to $57.995 inclusive.
F7	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $58.00 to $58.77 inclusive.
F8	One-fourth (1/4th) of the shares subject to the option vested on January 16, 2018, and the one thirty-sixth (1/36th) of the remaining shares subject to the option vested or shall vest on each month thereafter, subject to the Reporting Person continuing to provide service through such date.