Progyny director plans $312K stock sale in 2026
A Progyny director has filed a Rule 144 notice to sell 11,500 common shares following a stock option exercise.
Rhea-AI Filing Summary
Progyny, Inc. (PGNY) is the issuer of common stock that director Kevin Gordon plans to sell under Rule 144. A notice covers the proposed sale of 11,500 shares of common stock, expected on September 10, 2026, following a stock option exercise for cash from the issuer. The filing lists Fidelity Brokerage Services LLC as the broker for the transaction and names NASDAQ as the securities exchange.
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Key Figures
Shares to be sold: 11,500 shares
Aggregate market value: $311,858.72
Proposed sale date: September 10, 2026
3 metrics
Shares to be sold
11,500 shares
Common stock planned to be sold under Rule 144 by director Kevin Gordon
Aggregate market value
$311,858.72
Aggregate market value for 11,500 Progyny common shares covered by the notice
Proposed sale date
September 10, 2026
Date associated with the planned Rule 144 sale and option exercise for cash
Key Terms
Rule 144, stock option exercise, attorney-in-fact
3 terms
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
stock option exercise financial
"Common | 09/10/2026 | Stock Option Exercise | Issuer"
A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.
attorney-in-fact regulatory
"as attorney-in-fact for Kevin Gordon"
An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.
FAQ
What does the Form 144 filing disclose for Progyny, Inc. (PGNY)?
The filing discloses that director Kevin Gordon plans to sell 11,500 shares of Progyny common stock under Rule 144, with the shares to be acquired via a stock option exercise for cash from the issuer and sold through Fidelity Brokerage Services LLC.
Who is handling the brokerage for the Progyny (PGNY) Form 144 sale?
The brokerage for the proposed sale of 11,500 Progyny common shares is listed as Fidelity Brokerage Services LLC. The shares are expected to be sold on NASDAQ following a stock option exercise for cash.
AI-generated analysis. How Rhea-AI works. Not financial advice.