Elena Gomez - 31 Mar 2023 Form 4 Insider Report for PagerDuty, Inc. (PD)

Role
Director
Signature
/s /Irving Gomez, Attorney-in-Fact for Elena Gomez
Issuer symbol
PD
Transactions as of
31 Mar 2023
Net transactions value
-$579,502
Form type
4
Filing time
04 Apr 2023, 19:42:06 UTC
Previous filing
14 Mar 2023
Next filing
04 Apr 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PD Common Stock Options Exercise $232,200 +20,000 +109% $11.61 38,409 31 Mar 2023 Direct F1, F2
transaction PD Common Stock Sale $811,702 -23,165 -60% $35.04 15,244 31 Mar 2023 Direct F1, F2, F3

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 -20,000 -11% $0.000000 161,140 31 Mar 2023 Common Stock 20,000 $11.61 Direct F1, 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 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on April 8, 2022
F2 A portion of these shares represent restricted stock units.
F3 The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $35.00 to $35.10 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.
F4 1/24th of the shares subject to the option shall vest monthly from 10/1/2018.