Progyny (PGNY) CFO logs small share sale and tax withholding moves
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progyny, Inc.’s Chief Financial Officer Mark S. Livingston reported routine equity transactions in company common stock. He sold 279 shares in an open-market trade at $26.20 per share, executed under a pre-arranged Rule 10b5-1 trading plan entered into on August 15, 2025.
In a separate entry, 158 shares were withheld at $26.20 per share to cover withholding taxes upon the vesting of restricted stock units granted to him. One line shows 78,905 shares owned after the tax-withholding entry, and another shows 78,626 shares owned after the sale.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 279 shares ($7,310)
Net Sell
2 txns
Insider
Livingston Mark S.
Role
CHIEF FINANCIAL OFFICER
Sold
279 shs ($7K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 158 | $26.20 | $4K |
| Sale | Common Stock | 279 | $26.20 | $7K |
Holdings After Transaction:
Common Stock — 78,905 shares (Direct, null)
Footnotes (1)
- Shares withheld for payment of withholding taxes upon the vesting of restricted stock units granted to the Reporting Person. Shares sold pursuant to a Rule 10b5-1 trading plan entered into on August 15, 2025.
Key Figures
Open-market sale: 279 shares at $26.20
Tax withholding shares: 158 shares at $26.20
Net buy/sell shares: 279 shares net sold
+2 more
5 metrics
Open-market sale
279 shares at $26.20
Common Stock sold in open market transaction
Tax withholding shares
158 shares at $26.20
Shares withheld to cover RSU-related withholding taxes
Net buy/sell shares
279 shares net sold
Net-sell direction across reported non-derivative transactions
Shares owned after tax entry
78,905 shares
Total common shares shown following tax-withholding disposition
Shares owned after sale entry
78,626 shares
Total common shares shown following open-market sale
Key Terms
Rule 10b5-1 trading plan, restricted stock units, withholding taxes, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan financial
"Shares sold pursuant to a Rule 10b5-1 trading plan entered into on August 15, 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
"withholding taxes upon the vesting of restricted stock units granted to the Reporting Person."
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.
withholding taxes financial
"Shares withheld for payment of withholding taxes upon the vesting of restricted stock units"
Withholding taxes are amounts a payer or government takes out of payments — such as wages, interest, or dividends — before the recipient gets the money, functioning like a cashier keeping part of a bill to pay taxes on your behalf. For investors this matters because it reduces the cash they actually receive, affects net returns and yield calculations, and may require additional paperwork or treaty claims to recover or offset the withheld amount against final tax bills.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transactions did Progyny (PGNY) CFO Mark S. Livingston report?
Mark S. Livingston reported two routine transactions. He sold 279 shares of Progyny common stock in an open-market trade and had 158 shares withheld to cover taxes on vesting restricted stock units, both reported as non-derivative transactions.