Mark S. Livingston - 01 Mar 2024 Form 4 Insider Report for Progyny, Inc. (PGNY)

Signature
/s/ Mark S. Livingston
Issuer symbol
PGNY
Transactions as of
01 Mar 2024
Net transactions value
-$950,313
Form type
4
Filing time
05 Mar 2024, 17:04:51 UTC
Previous filing
28 Feb 2024
Next filing
03 Apr 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGNY Common Stock Options Exercise $86,900 +22,000 +50% $3.95 65,647 01 Mar 2024 Direct
transaction PGNY Common Stock Tax liability $455,642 -12,390 -19% $36.78 53,257 01 Mar 2024 Direct F1
transaction PGNY Common Stock Tax liability $87,392 -2,393 -4.5% $36.52 50,864 01 Mar 2024 Direct F2
transaction PGNY Common Stock Sale $68,571 -1,872 -3.7% $36.63 48,992 01 Mar 2024 Direct F3
transaction PGNY Common Stock Sale $41,003 -1,128 -2.3% $36.35 47,864 01 Mar 2024 Direct F3
transaction PGNY Common Stock Sale $50,894 -1,388 -2.9% $36.67 46,476 01 Mar 2024 Direct F3
transaction PGNY Common Stock Sale $301,509 -8,222 -18% $36.67 38,254 01 Mar 2024 Direct F3
transaction PGNY Common Stock Tax liability $32,202 -894 -2.3% $36.02 37,360 04 Mar 2024 Direct F2

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 Option (Right to Buy) Options Exercise $0 -22,000 -52% $0.000000 20,627 01 Mar 2024 Common Stock 22,000 $3.95 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Shares withheld for payment of withholding taxes upon the exercise of stock options by the Reporting Person.
F2 Shares withheld for payment of withholding taxes upon the vesting of restricted stock units granted to the Reporting Person.
F3 Shares sold pursuant to a Rule 10b5-1 trading plan entered into on August 7, 2023.
F4 These options are fully vested and exercisable.