Jennifer Tejada - Aug 11, 2021 Form 4 Insider Report for PagerDuty, Inc. (PD)

Role
Chief Executive Officer, Director
Signature
Jennifer G. Tejada, by /s/ Stacey A. Giamalis, Attorney-in-Fact
Stock symbol
PD
Transactions as of
Aug 11, 2021
Transactions value $
$199,993
Form type
4
Date filed
8/13/2021, 06:14 PM
Previous filing
Aug 11, 2021
Next filing
Sep 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PD Common Stock Options Exercise $100K +50K +9.81% $2.00* 560K Aug 11, 2021 Direct F1, F2
transaction PD Common Stock Options Exercise $100K +13.5K +2.41% $7.43 573K Aug 11, 2021 Direct F1, F2
holding PD Common Stock 125K Aug 11, 2021 By Jennifer Gail Tejada, as Trustee of the Tejada 2020 Grantor Retained Annuity Trust - I
holding PD Common Stock 125K Aug 11, 2021 By Jennifer Gail Tejada, as Trustee of the Tejada 2020 Grantor Retained Annuity Trust - II

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 PD Stock Option (Right to Buy) Options Exercise $0 -13.5K -1.82% $0.00 727K Aug 11, 2021 Common Stock 13.5K $7.43 Direct F3
transaction PD Stock Option (Right to Buy) Options Exercise $0 -50K -2.21% $0.00 2.21M Aug 11, 2021 Common Stock 50K $2.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person exercised the options to purchase common stock. The shares issued upon exercise have not been sold.
F2 A portion of these shares represent restricted stock units.
F3 The option becomes exercisable as follows: (a) 713,084 of 740,000 shares will vest monthly starting 7/10/2019 for 36 months; (b) additionally 26,916 shares subject to the incentive stock option will have 13,458 shares vest on January 10 in each of 2021 and 2022, subject to our right to repurchase unvested shares in the event the reporting person's employment terminates.
F4 The option becomes exercisable as follows: (a) 50,000 of 250,000 shares become exercisable on the 7/22/2016 and an additional 50,000 shares subject to the incentive stock option first become exercisable on January 1 in each of 2017, 2018, 2019, and 2020; and (b) 3,638,426 shares first become exercisable on 7/22/2016, subject to our right to repurchase unvested shares in the event the reporting person's employment terminates. 12/48th of the part (b) shares vests on the 12-month anniversary of 7/18/2016 and 1/48th of the part (b) shares vests monthly thereafter for a total vesting period of 48 months.