PagerDuty (NYSE: PD) chair sells 398,947 shares via 10b5-1 trading plan
Rhea-AI Filing Summary
PagerDuty, Inc. Executive Chair Jennifer Tejada reported option exercises paired with share sales. On July 16, 2026 she exercised 302,100 stock options at $2.00 per share for common stock and sold 302,100 shares at a weighted average price of $10.70, with trades between $10.50 and $10.7001 per share.
On July 17, 2026 she exercised an additional 96,847 options at $2.00 and sold 96,847 shares at a weighted average price of $10.413, with trades between $10.29 and $10.74. In total, 398,947 shares were sold under a 10b5-1 trading plan adopted on September 10, 2025, and a portion of the shares involved represent restricted stock units. The filing also lists indirect holdings in several trusts, including 171,870 shares held in the Langford Island Trust.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and Sale: 398,947 shares ($3.44M approx. pre-tax spread)
Exercise and Sale
13 txns
Insider
Tejada Jennifer
Role
Executive Chair
Sold
398,947 shs ($4.24M)
Approx. gross sale proceeds
$4.24M
Approx. exercise cost
$798K
Approx. pre-tax spread
$3.44M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) F5 | 96,847 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 96,847 | $2.00 | $194K |
| Sale | Common Stock F1, F4, F2 | 96,847 | $10.413 | $1.01M |
| Exercise | Stock Option (Right to Buy) F5 | 302,100 | $0.00 | $0.00 |
| Exercise | Common Stock F1, F2 | 302,100 | $2.00 | $604K |
| Sale | Common Stock F1, F3, F2 | 302,100 | $10.70 | $3.23M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 0 shares (Direct);
Common Stock — 1,678,251 shares (Direct);
Common Stock — 171,870 shares (Indirect, By Jennifer Tejada, as Trustee of the Langford Island Trust);
Common Stock — 4,456 shares (Indirect, By Jennifer Tejada, as Trustee of the Tejada 2024 Grantor Retained Annuity Trust - I);
Common Stock — 4,456 shares (Indirect, By Jennifer Tejada, as Trustee of the Tejada 2024 Grantor Retained Annuity Trust - II);
Common Stock — 11,527 shares (Indirect, By Jennifer Tejada, as Trustee of the Tejada 2024 Grantor Retained Annuity Trust - III);
Common Stock — 11,527 shares (Indirect, By Jennifer Tejada, as Trustee of the Tejada 2024 Grantor Retained Annuity Trust - IV);
Common Stock — 31,368 shares (Indirect, By Jennifer Tejada, as Trustee of the Tejada 2025 Grantor Retained Annuity Trust - I);
Common Stock — 31,368 shares (Indirect, By Jennifer Tejada, as Trustee of the Tejada 2025 Grantor Retained Annuity Trust - II)
Footnotes (5)
- F1. This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on September 10, 2025.
- F2. A portion of these shares represent restricted stock units.
- F3. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.50 to $10.7001 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F4. The reported price in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.29 to $10.74 per share, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
- F5. The option becomes exercisable as follows: (a) 50,000 of 250,000 shares become exercisable on the 7/22/2016 and an additional 50,000 shares subject to the incentive stock option first become exercisable on January 1 in each of 2017, 2018, 2019, and 2020; and (b) 3,638,426 shares first become exercisable on 7/22/2016, subject to our right to repurchase unvested shares in the event the reporting person's employment terminates. 12/48th of the part (b) shares vests on the 12-month anniversary of 7/18/2016 and 1/48th of the part (b) shares vests monthly thereafter for a total vesting period of 48 months.
Key Figures
Shares sold July 16, 2026: 302,100 shares
Shares sold July 17, 2026: 96,847 shares
Options exercised July 16, 2026: 302,100 shares at $2.00
+3 more
6 metrics
Shares sold July 16, 2026
302,100 shares
Common stock sold at weighted average $10.70 per share, trades $10.50 to $10.7001
Shares sold July 17, 2026
96,847 shares
Common stock sold at weighted average $10.413 per share, trades $10.29 to $10.74
Options exercised July 16, 2026
302,100 shares at $2.00
Stock options exercised into common shares at $2.00 per share
Options exercised July 17, 2026
96,847 shares at $2.00
Stock options exercised into common shares at $2.00 per share
Total shares sold
398,947 shares
Aggregate PagerDuty common shares sold across July 16–17, 2026
Langford Island Trust holding
171,870 shares
Indirect PagerDuty common stock held via Langford Island Trust
Key Terms
10b5-1 trading plan, restricted stock units, weighted average price, Grantor Retained Annuity Trust, +1 more
5 terms
10b5-1 trading plan regulatory
"This transaction was effected pursuant to a 10b5-1 trading plan"
A 10b5-1 trading plan is a pre-arranged strategy that allows company insiders to buy or sell company stock at set times, regardless of their current knowledge about the company's situation. It acts like a scheduled appointment for trading, helping prevent the appearance of impropriety or insider trading. This plan provides a way for insiders to sell or buy shares in a controlled, transparent manner, offering reassurance to investors about fair trading practices.
restricted stock units financial
"A portion of these shares represent restricted stock units"
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.
weighted average price financial
"The reported price in Column 4 is a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Grantor Retained Annuity Trust financial
"Tejada 2024 Grantor Retained Annuity Trust - I"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
incentive stock option financial
"shares subject to the incentive stock option first become exercisable"
An incentive stock option is a type of employee benefit that gives a worker the right to buy company shares at a fixed price, with special tax advantages if the employee holds the shares for a required period. Think of it as a coupon to buy future shares at today’s price that can result in lower tax on the gain. Investors care because ISOs can dilute share count, align staff incentives with the stock price, and affect company compensation costs and the timing of potential share sales.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What stock transactions did PagerDuty (PD) Executive Chair Jennifer Tejada report?
Jennifer Tejada reported exercising and selling 398,947 PagerDuty shares over July 16–17, 2026. She exercised stock options at $2.00 per share and sold the resulting common shares at weighted average prices around $10.41–$10.70 per share.
Were Jennifer Tejada’s PagerDuty (PD) trades made under a 10b5-1 trading plan?
Yes. The filing states the reported transactions were effected under a 10b5-1 trading plan. A footnote specifies this plan was adopted on September 10, 2025, and the Form 4’s Rule 10b5-1 checkbox is marked as affirmative.
What stock option exercises did Jennifer Tejada report for PagerDuty (PD)?
She exercised PagerDuty stock options for 302,100 shares on July 16 and 96,847 shares on July 17, 2026. Both option exercises carried an exercise price of $2.00 per share and converted into an equivalent number of common shares.
Do any of Jennifer Tejada’s reported PagerDuty (PD) transactions involve restricted stock units?
Yes. A footnote explains that a portion of the reported common shares represent restricted stock units. The Form 4 does not break out exact counts by type but clarifies that some of the reported share amounts are RSU-related.