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PagerDuty (NYSE: PD) director Murthy Rathi receives 21,816 RSU award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Murthy Rathi reported acquisition or exercise transactions in this Form 4 filing.

PagerDuty, Inc. director Murthy Rathi reported receiving an equity award in the form of 21,816 Restricted Stock Units under the company’s Non-Employee Director Compensation policy. Each unit represents a right to receive one share of common stock at no purchase price.

The RSUs will fully vest on the earlier of the first anniversary of the grant date or immediately before the next annual stockholder meeting, as long as Rathi continues serving as a director. Following this grant, Rathi holds 66,424 shares of common stock, a portion of which consists of unvested RSUs.

Positive

  • None.

Negative

  • None.
Insider Murthy Rathi
Role null
Type Security Shares Price Value
Grant/Award Common Stock 21,816 $0.00 --
Holdings After Transaction: Common Stock — 66,424 shares (Direct, null)
Footnotes (1)
  1. Represents 21,816 Restricted Stock Units acquired pursuant to the Issuer's Non-Employee Director Compensation policy. Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of the Issuer and has no expiration date. The shares underlying the Restricted Stock Unit award shall fully vest on the earlier of the first anniversary of the grant date or immediately prior to the next Annual Meeting of stockholders, subject to Directors' continuous service to the Issuer on such date. A portion of these shares represent Restricted Stock Units.
RSUs granted 21,816 units Restricted Stock Units granted on June 18, 2026
Grant price $0.0000 per share RSU award under Non-Employee Director Compensation policy
Shares held after grant 66,424 shares Total common stock holdings following the RSU award
Restricted Stock Units financial
"Represents 21,816 Restricted Stock Units acquired pursuant to the Issuer's Non-Employee Director Compensation policy."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Non-Employee Director Compensation policy financial
"Represents 21,816 Restricted Stock Units acquired pursuant to the Issuer's Non-Employee Director Compensation policy."
contingent right financial
"Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of the Issuer"
Annual Meeting of stockholders financial
"shall fully vest on the earlier of the first anniversary of the grant date or immediately prior to the next Annual Meeting of stockholders"
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SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a 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). See Instruction 10.
1. Name and Address of Reporting Person*
Murthy Rathi

(Last)(First)(Middle)
C/O PAGERDUTY, INC.
600 TOWNSEND ST., STE. 200

(Street)
SAN FRANCISCO CALIFORNIA 94103

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
PagerDuty, Inc. [ PD ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/18/2026A21,816(1)A$066,424(2)D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents 21,816 Restricted Stock Units acquired pursuant to the Issuer's Non-Employee Director Compensation policy. Each Restricted Stock Unit represents a contingent right to receive one share of Common Stock of the Issuer and has no expiration date. The shares underlying the Restricted Stock Unit award shall fully vest on the earlier of the first anniversary of the grant date or immediately prior to the next Annual Meeting of stockholders, subject to Directors' continuous service to the Issuer on such date.
2. A portion of these shares represent Restricted Stock Units.
Remarks:
/s/ Christopher Ferro, as Attorney-in-Fact for Rathi Murthy06/23/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What did PagerDuty (PD) director Murthy Rathi report in this Form 4?

Murthy Rathi reported receiving 21,816 Restricted Stock Units as part of PagerDuty’s non-employee director compensation. Each RSU is a right to one share of common stock, increasing his total reported holdings to 66,424 shares after the grant.

How many shares did Murthy Rathi effectively acquire from PagerDuty (PD)?

Rathi was granted 21,816 Restricted Stock Units, each representing one future share of PagerDuty common stock. The grant price is listed as $0.0000 per share, indicating a compensation award rather than an open-market purchase transaction.

When do Murthy Rathi’s new PagerDuty (PD) RSUs vest?

The 21,816 RSUs fully vest on the earlier of the first anniversary of the grant date or immediately before PagerDuty’s next annual stockholder meeting. Vesting requires Rathi’s continuous service as a director until the applicable vesting date.

How many PagerDuty (PD) shares does Murthy Rathi hold after this RSU grant?

After the reported RSU grant, Murthy Rathi holds 66,424 shares of PagerDuty common stock. The filing notes that a portion of this total consists of Restricted Stock Units, which will convert into shares upon vesting and settlement.

Was Murthy Rathi’s PagerDuty (PD) transaction a market buy or sell?

The transaction was not a market buy or sell. It is coded as an “A” transaction, indicating a grant or award acquisition of 21,816 Restricted Stock Units under PagerDuty’s Non-Employee Director Compensation policy at a stated price of $0.0000 per share.