Michael E. Sturmer - 01 Dec 2023 Form 4 Insider Report for Progyny, Inc. (PGNY)

Role
PRESIDENT
Signature
/s/ Mark Livingston, Attorney-in-Fact
Issuer symbol
PGNY
Transactions as of
01 Dec 2023
Net transactions value
-$441,063
Form type
4
Filing time
05 Dec 2023, 19:49:25 UTC
Previous filing
29 Nov 2023
Next filing
04 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGNY Common Stock Sale $433,314 -12,696 -6.8% $34.13 173,806 01 Dec 2023 Direct F1
transaction PGNY Common Stock Tax liability $7,748 -224 -0.13% $34.59 173,582 04 Dec 2023 Direct F2
* 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 Shares sold pursuant to a Rule 10b5-1 trading plan entered into on August 31, 2023.
F2 Shares withheld for payment of withholding taxes upon the vesting of restricted stock units granted to the Reporting Person.