Michael E. Sturmer - Mar 2, 2023 Form 4 Insider Report for Progyny, Inc. (PGNY)

Role: PRESIDENT
Signature: /s/ Mark Livingston, Attorney-in-Fact
Stock symbol: PGNY
Transactions as of: Mar 2, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/22/2023, 06:08 PM
Previous filing: Mar 1, 2023
Next filing: Sep 1, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PGNY	Common Stock	Award	$0	+7K	+3.43%	$0.00	211K	Mar 2, 2023	Direct	F1

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	PGNY	Stock Option (Right to Buy)	Award	$0	+20K		$0.00	20K	Mar 2, 2023	Common Stock	20K	$36.23	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents the number of shares of Issuer common stock underlying restricted stock units ("RSUs"). This was an annual merit grant made pursuant to the Issuer's 2019 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Issuer common stock. One-fourth (1/4th) of the RSUs vest on March 2, 2024, and the remaining RSUs vest in equal quarterly installments thereafter through March 2, 2027, subject to the Reporting Person continuing to provide service through each such date.
F2	Represents an annual merit grant made pursuant to the Issuer's 2019 Equity Incentive Plan. One-fourth (1/4th) of the shares subject to the Option vest on March 2, 2024, and the remaining shares subject to the Option vest in equal quarterly installments thereafter through March 2, 2027, subject to the Reporting Person continuing to provide service through each such date.

Content

Represents the number of shares of Issuer common stock underlying restricted stock units ("RSUs"). This was an annual merit grant made pursuant to the Issuer's 2019 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Issuer common stock. One-fourth (1/4th) of the RSUs vest on March 2, 2024, and the remaining RSUs vest in equal quarterly installments thereafter through March 2, 2027, subject to the Reporting Person continuing to provide service through each such date.

Represents an annual merit grant made pursuant to the Issuer's 2019 Equity Incentive Plan. One-fourth (1/4th) of the shares subject to the Option vest on March 2, 2024, and the remaining shares subject to the Option vest in equal quarterly installments thereafter through March 2, 2027, subject to the Reporting Person continuing to provide service through each such date.