Mark S. Livingston - Jan 2, 2024 Form 4 Insider Report for Progyny, Inc. (PGNY)

Signature
/s/ Mark S. Livingston
Stock symbol
PGNY
Transactions as of
Jan 2, 2024
Transactions value $
-$827,845
Form type
4
Date filed
1/5/2024, 06:01 AM
Previous filing
Dec 13, 2023
Next filing
Feb 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGNY Common Stock Options Exercise $86.9K +22K +44.11% $3.95* 71.9K Jan 2, 2024 Direct
transaction PGNY Common Stock Tax liability -$462K -12.6K -17.58% $36.59 59.2K Jan 2, 2024 Direct F1
transaction PGNY Common Stock Sale -$342K -9.37K -15.81% $36.52 49.9K Jan 2, 2024 Direct F1
transaction PGNY Common Stock Sale -$110K -3K -6.02% $36.81 46.9K Jan 2, 2024 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) Options Exercise $0 -22K -25.4% $0.00 64.6K Jan 2, 2024 Common Stock 22K $3.95 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 7, 2023.
F2 These options are fully vested and exercisable.