Michael E. Sturmer - 02 Mar 2022 Form 4 Insider Report for Progyny, Inc. (PGNY)

Role: President
Signature: /s/ Jennifer Bealer, Attorney-in-Fact
Issuer symbol: PGNY
Transactions as of: 02 Mar 2022
Net transactions value: -$1,034,204
Form type: 4
Filing time: 04 Mar 2022, 20:51:51 UTC
Previous filing: 03 Jan 2022
Next filing: 31 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PGNY	Common Stock	Tax liability	$1,034,204	-28,203	-11%	$36.67	221,797	02 Mar 2022	Direct	F1
transaction	PGNY	Common Stock	Award	$0	-7,000	-3%	$0.000000	228,797	02 Mar 2022	Direct	F2

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	Employee Stock Option (Right to Buy)	Award	$0	+20,000		$0.000000	20,000	02 Mar 2022	Common Stock	20,000	$44.53	Direct	F3

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

Explanation of Responses:

Id	Content
F1	Shares withheld for payment of withholding taxes upon the vesting of restricted stock units granted to the reporting person on March 3, 2021.
F2	Represents the number of shares of Issuer common stock underlying restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Issuer common stock. One-fourth (1/4th) of the RSUs will vest on March 2, 2023 and the remainder of the shares will vest in equal quarterly installments thereafter through March 2, 2026, subject to the Reporting Person continuing to provide service through each such date.
F3	One-fourth (1/4th) of the shares subject to the option will vest March 2, 2023 and the remainder of the shares will vest in equal quarterly installments thereafter through March 2, 2026, subject to the Reporting Person continuing to provide service through each such date.