PGNY insider sale report: 2,398 shares via Fidelity on NASDAQ
Rhea-AI Filing Summary
Progyny, Inc. (PGNY) filed a Form 144 reporting a proposed sale of 2,398 common shares for an aggregate market value of $55,058.08. The shares are to be sold through Fidelity Brokerage Services on the NASDAQ with an approximate sale date of 08/28/2025. The filing shows 85,982,409 shares outstanding for the class listed.
The securities were acquired on 08/28/2025 through restricted stock vesting and the consideration is listed as compensation. The filer reports no securities sold in the past three months and includes the standard representation that the selling person does not possess undisclosed material adverse information.
Positive
- None.
Negative
- None.
Insights
TL;DR: Insignificant insider sale in absolute terms; 2,398 shares ($55k) is immaterial versus the company's outstanding shares.
The filing discloses a proposed sale of 2,398 common shares acquired via restricted stock vesting and designated as compensation. Given the aggregate value of $55,058.08 and 85,982,409 shares outstanding for this class, this transaction is small relative to company capitalization and unlikely to affect market valuation or signal material insider conviction change. The absence of other sales in the past three months and the routine nature of restricted stock vesting support a neutral interpretation.
TL;DR: Routine disclosure of an insider sale tied to compensation vesting; governance processes appear followed.
The Form 144 reports sale logistics (broker, exchange, date) and includes the standard certification about material nonpublic information. The securities were acquired through restricted stock vesting and sold as compensation, which is a common post-vesting disclosure. There is no indication in the filing of policy breaches, unusual timing, or aggregated recent insider disposals.