Michael E. Sturmer - Dec 1, 2023 Form 4 Insider Report for Progyny, Inc. (PGNY)

Role
PRESIDENT
Signature
/s/ Mark Livingston, Attorney-in-Fact
Stock symbol
PGNY
Transactions as of
Dec 1, 2023
Transactions value $
-$441,063
Form type
4
Date filed
12/5/2023, 07:49 PM
Previous filing
Nov 29, 2023
Next filing
Jan 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGNY Common Stock Sale -$433K -12.7K -6.81% $34.13 174K Dec 1, 2023 Direct F1
transaction PGNY Common Stock Tax liability -$7.75K -224 -0.13% $34.59 174K Dec 4, 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.