PGNY insider notice: 2,500 common shares to be sold via Fidelity on 08/11/2025
Rhea-AI Filing Summary
Progyny (PGNY) filed a Form 144 notifying a proposed sale of 2,500 shares of its common stock, with an aggregate market value of $55,087.50, through Fidelity Brokerage Services LLC on 08/11/2025. The shares were acquired on 10/24/2021 via restricted stock vesting and were granted as compensation; the filer reports no securities sold in the past three months.
The filing includes the issuer's outstanding share count of 85,982,409, making the proposed sale a very small fraction of outstanding stock. The notice includes the filer’s representation that no undisclosed material adverse information about the issuer is known.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine small insider sale: 2,500 shares ($55k) from vested restricted stock, immaterial relative to 85.98M shares outstanding.
The filing documents a proposed sale executed through Fidelity and specifies the shares were obtained via restricted stock vesting on 10/24/2021 as compensation. Relative to the reported 85,982,409 shares outstanding, the 2,500-share sale represents approximately 0.0029% of outstanding stock, indicating this is unlikely to move the market or materially affect shareholder value. The filer also certifies no undisclosed material adverse information.
TL;DR: Governance process followed: Form 144 filed for a compensatory restricted-stock sale via broker; disclosure appears complete for this notice.
The notice discloses acquisition date, nature of acquisition (restricted stock vesting), broker details (Fidelity Brokerage Services LLC), and the proposed sale date, meeting Form 144 disclosure requirements. The filer affirms the absence of undisclosed material adverse information, which is a standard certification on this form. Given the small size of the transaction, there is no indication here of governance concerns or material insider liquidity events.