PagerDuty chair sells 463K shares, exercises options
PagerDuty, Inc. Executive Chair Jennifer Tejada exercised stock options and sold shares in paired transactions.
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Form Type
4
Rhea-AI Filing Summary
PagerDuty, Inc. Executive Chair Jennifer Tejada exercised stock options and sold shares in paired transactions. She exercised options to acquire 463,501 shares of common stock at $2.00 per share, then sold the same number of shares in open‑market trades at weighted average prices of $6.92 and $6.98 per share.
Following these trades, she holds 1,749,461 shares of PagerDuty common stock directly, plus additional indirect holdings through several grantor retained annuity trusts and the Langford Island Trust. The filing notes that at least one sale was made under a pre‑arranged Rule 10b5‑1 trading plan, indicating these dispositions were scheduled in advance.
Insider Trade Summary 10b5-1
Exercise and Sale: 463,501 shares ($2.30M approx. pre-tax spread)
Exercise and Sale
13 txns
Insider
Tejada Jennifer
Role
Executive Chair
Sold
463,501 shs ($3.23M)
Approx. gross sale proceeds
$3.23M
Approx. exercise cost
$927K
Approx. pre-tax spread
$2.30M
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 105,101 | $0.00 | $0.00 |
| Exercise | Common Stock | 105,101 | $2.00 | $210K |
| Sale | Common Stock | 105,101 | $6.92 | $727K |
| Exercise | Stock Option (Right to Buy) | 358,400 | $0.00 | $0.00 |
| Exercise | Common Stock | 358,400 | $2.00 | $717K |
| Sale | Common Stock | 358,400 | $6.98 | $2.50M |
| 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) — 398,947 contracts (Direct);
Common Stock — 1,749,461 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 $6.68 to $7.085 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 $6.78 to $7.24 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: 463,501 shares
Weighted average sale price (block 1): $6.98 per share
Weighted average sale price (block 2): $6.92 per share
+3 more
6 metrics
Shares sold
463,501 shares
Total open-market sales reported in this Form 4
Weighted average sale price (block 1)
$6.98 per share
358,400 common shares sold on May 18, 2026
Weighted average sale price (block 2)
$6.92 per share
105,101 common shares sold on May 19, 2026
Option exercise price
$2.00 per share
Exercise price for 463,501 stock options converted to common stock
Direct holdings after transactions
1,749,461 shares
PagerDuty common stock held directly by Jennifer Tejada after trades
Shares exercised
463,501 shares
Total common shares acquired via option exercises (code M)
Key Terms
Rule 10b5-1 trading plan, restricted stock units, weighted average price, Grantor Retained Annuity Trust, +1 more
5 terms
Rule 10b5-1 trading plan financial
"This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on September 10, 2025."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
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
"By Jennifer Tejada, as Trustee of the Tejada 2025 Grantor Retained Annuity Trust - II"
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.
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) ... underlying security title: Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did PagerDuty (PD) Executive Chair Jennifer Tejada report?
Jennifer Tejada reported exercising options for 463,501 PagerDuty shares at $2.00 each and selling the same 463,501 shares in open‑market transactions around $6.92–$6.98 per share. These paired trades convert option value into cash while maintaining a substantial remaining equity stake.
At what price did Jennifer Tejada exercise PagerDuty (PD) stock options?
Jennifer Tejada exercised PagerDuty stock options covering 463,501 shares at an exercise price of $2.00 per share. This exercise price reflects what she paid to convert option rights into common stock before selling those shares in the open market.
Did PagerDuty (PD) Executive Chair receive restricted stock units in this filing?
The filing notes that a portion of the reported PagerDuty shares represents restricted stock units. This means some of the shares involved in the reported holdings or transactions originated from equity awards that vest over time as part of compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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