Michael E. Sturmer - Mar 2, 2022 Form 4 Insider Report for Progyny, Inc. (PGNY)

Role: President
Signature: /s/ Jennifer Bealer, Attorney-in-Fact
Stock symbol: PGNY
Transactions as of: Mar 2, 2022
Transactions value $: -$1,034,204
Form type: 4
Date filed: 3/4/2022, 08:51 PM
Previous filing: Jan 3, 2022
Next filing: May 31, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PGNY	Common Stock	Tax liability	-$1.03M	-28.2K	-11.28%	$36.67	222K	Mar 2, 2022	Direct	F1
transaction	PGNY	Common Stock	Award	$0	-7K	-2.97%	$0.00	229K	Mar 2, 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	+20K		$0.00	20K	Mar 2, 2022	Common Stock	20K	$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.