Howard Wilson - Dec 23, 2022 Form 4 Insider Report for PagerDuty, Inc. (PD)

Role
Chief Financial Officer
Signature
/s /Irving Gomez, Attorney-in-Fact for Howard Wilson
Stock symbol
PD
Transactions as of
Dec 23, 2022
Transactions value $
-$385,372
Form type
4
Date filed
12/27/2022, 07:12 PM
Previous filing
Dec 14, 2022
Next filing
Jan 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PD Common Stock Options Exercise $150K +75K +17.93% $2.00* 493K Dec 23, 2022 Direct F1, F2
transaction PD Common Stock Sale -$535K -20.6K -4.18% $25.97 473K Dec 27, 2022 Direct F2, F3, F4
holding PD Common Stock 50 Dec 23, 2022 by spouse

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 -75K -62.94% $0.00 44.2K Dec 23, 2022 Common Stock 75K $2.00 Direct F5
* 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 sales reported were effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
F4 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $25.60 to $26.46 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or to 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 this footnote.
F5 The option became exercisable as follows: (a) 50,000 of 250,000 shares become exercisable on the 12/30/2016 and an additional 50,000 shares subject to the incentive stock option first became exercisable on January 1 in each of 2017, 2018, 2019, and 2020; and (b) 372,148 shares first became exercisable on 12/30/2016, subject to our right to repurchase unvested shares in the event the reporting person's employment terminates. 12/48th of the shares vested on the 12-month anniversary of 12/23/2016 and 1/48th of the shares vests monthly thereafter for a total vesting period of 48 months.