Dave Justice - 02 Apr 2022 Form 4 Insider Report for PagerDuty, Inc. (PD)

Role
Chief Revenue Officer
Signature
David Justice, by /s/ Stacey A. Giamalis, Attorney-in-Fact
Issuer symbol
PD
Transactions as of
02 Apr 2022
Net transactions value
-$475,008
Form type
4
Filing time
05 Apr 2022, 21:30:20 UTC
Previous filing
04 Apr 2022
Next filing
23 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PD Common Stock Award $0 +152,404 +51% $0.000000 450,831 02 Apr 2022 Direct F1, F2
transaction PD Common Stock Award $0 +18,614 +4.1% $0.000000 469,445 02 Apr 2022 Direct F2, F3
transaction PD Common Stock Tax liability $369,713 -10,804 -2.3% $34.22 458,641 02 Apr 2022 Direct F2, F4
transaction PD Common Stock Tax liability $105,295 -3,077 -0.67% $34.22 455,564 02 Apr 2022 Direct F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 152,404 restricted stock units acquired pursuant to the Issuer's 2019 Employee Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Common Stock of the Issuer and has no expiration date. 1/16th of the total number of shares underlying the restricted stock unit award shall vest on each quarterly anniversary from the date of grant thereafter, subject to continuous service to the Issuer on such date.
F2 A portion of these shares represent restricted stock units.
F3 Represents performance stock units ("PSUs") earned pursuant to the terms of a performance stock unit award granted on April 2, 2021, reflecting the achievement of certain performance conditions. Such earned PSUs converted to time-based units which vest according to the following schedule: 1/3 of the PSUs vested on April 2, 2022, and 1/12 of the PSUs vest quarterly thereafter on July 2nd, October 2nd, January 2nd and April 2nd of each year subject to the Reporting Person's continuous service through each such date.
F4 Represents shares automatically withheld by the Issuer to satisfy a tax obligation realized by the reporting person upon the vesting and settlement of restricted stock units.
F5 Represents shares automatically withheld by the Issuer to satisfy a tax obligation realized by the reporting person upon the vesting and settlement of performance stock units.