Shelley Webb - Apr 2, 2023 Form 4 Insider Report for PagerDuty, Inc. (PD)

Signature
/s /Irving Gomez, Attorney-in-Fact for Shelley Webb
Stock symbol
PD
Transactions as of
Apr 2, 2023
Transactions value $
-$183,285
Form type
4
Date filed
4/4/2023, 07:37 PM
Previous filing
Mar 3, 2023
Next filing
May 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PD Common Stock Award $0 +97.6K +71.26% $0.00 235K Apr 2, 2023 Direct F1, F2
transaction PD Common Stock Tax liability -$117K -3.33K -1.42% $34.98 231K Apr 2, 2023 Direct F2, F3
transaction PD Common Stock Sale -$53.2K -1.59K -0.69% $33.45 230K Apr 3, 2023 Direct F2, F4, F5
transaction PD Common Stock Sale -$13.5K -393 -0.17% $34.29 229K Apr 3, 2023 Direct F2, F4, F6
* 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 Represents 97,600 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. 1/12th 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 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.
F4 The sales reported were effected pursuant to a 10b5-1 trading plan adopted by the reporting person on October 7, 2022.
F5 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.04 to $33.98 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.
F6 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $34.10 to $34.70 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.