David J. Schlanger - Dec 29, 2021 Form 4 Insider Report for Progyny, Inc. (PGNY)

Signature
/s/ Jennifer Bealer, Attorney-in-Fact
Stock symbol
PGNY
Transactions as of
Dec 29, 2021
Transactions value $
-$3,747,581
Form type
4
Date filed
1/3/2022, 03:45 PM
Previous filing
Dec 29, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGNY Common Stock Options Exercise $66.5K +73.1K $0.91* 73.1K Dec 29, 2021 Direct
transaction PGNY Common Stock Sale -$3.81M -73.1K -100% $52.18 0 Dec 29, 2021 Direct F1, F2, F3
transaction PGNY Common Stock Award $0 +84K $0.00 84K Jan 1, 2022 Direct F4

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 -73.1K -3.17% $0.00 2.23M Dec 29, 2021 Common Stock 73.1K $0.91 Direct F5
transaction PGNY Employee Stock Option (Right to Buy) Award $0 +333K $0.00 333K Jan 1, 2022 Common Stock 333K $50.35 Direct F6
* 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 $52.11 to $52.39, 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 range set forth in footnote (2).
F4 Represents the number of shares of Issuer common stock underlying restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock. One-fourth (1/4th) of the RSUs will vest on January 1, 2023 and the remainder of the shares will vest in equal quarterly installments thereafter through January 1, 2026, subject to the Reporting Person continuing to provide service through each such date.
F5 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.
F6 One-fourth (1/4th) of the shares subject to the option will vest January 1, 2023 and the remainder of the shares will vest in equal quarterly installments thereafter through January 1, 2026, subject to the Reporting Person continuing to provide service through each such date.