Jennifer Bealer - 17 May 2021 Form 4 Insider Report for Progyny, Inc. (PGNY)

Role: EVP, GENERAL COUNSEL
Signature: Jennifer Bealer, Attorney-in-Fact
Issuer symbol: PGNY
Transactions as of: 17 May 2021
Net transactions value: +$44,214
Form type: 4
Filing time: 19 May 2022, 17:26:39 UTC
Previous filing: 12 May 2021
Next filing: 26 May 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	$26,078	+1,126	+1.4%	$23.16	81,138	17 May 2022	Direct
transaction	PGNY	Common Stock	Tax liability	$31,860	-853	-1.1%	$37.35	80,285	17 May 2022	Direct	F1
transaction	PGNY	Common Stock	Options Exercise	$14,990	+3,795	+4.7%	$3.95^*	84,080	17 May 2022	Direct
transaction	PGNY	Common Stock	Tax liability	$46,463	-1,244	-1.5%	$37.35	82,836	17 May 2022	Direct	F1
transaction	PGNY	Common Stock	Options Exercise	$81,469	+20,625	+25%	$3.95^*	103,461	17 May 2022	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	Stock Options	Options Exercise	$0	-3,795	-35%	$0.000000	6,958	17 May 2022	Stock Options	3,795	$3.95	Direct	F2
transaction	PGNY	Stock Options	Options Exercise	$0	-20,625	-32%	$0.000000	44,688	17 May 2022	Stock Options	20,625	$3.95	Direct	F3
transaction	PGNY	Stock Option	Options Exercise	$0	-1,126	-20%	$0.000000	4,497	17 May 2022	Stock Option	1,126	$23.16	Direct	F4

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

Explanation of Responses:

Id	Content
F1	Shares withheld for payment of withholding taxes.
F2	One-fourth (1/4th) of the shares subject to the Option vested on March 20, 2020, 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 May 23, 2020, 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.
F4	Represents an annual merit grant made pursuant to the Issuer's 2019 Equity Incentive Plan. One-fourth (1/4th) of the shares subject to the Option vest on March 9, 2021, and the remaining shares subject to the Option vest in equal quarterly installments thereafter through March 9, 2024, subject to the Reporting Person continuing to provide service through each such date.