Progyny director sells shares after option exercise
Progyny director Scott Cheryl exercised stock options to acquire 14,667 shares of Common Stock at $13.00 per share, then sold 7,439 shares in an open-market transaction at about $26.39 per share.
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Form Type
4
Rhea-AI Filing Summary
Progyny director Scott Cheryl exercised stock options to acquire 14,667 shares of Common Stock at $13.00 per share, then sold 7,439 shares in an open-market transaction at about $26.39 per share. The company withheld 7,228 shares to cover tax obligations, and Cheryl now directly holds 19,772 shares.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
4 txns
Insider
Scott Cheryl
Role
Director
Sold
7,439 shs ($196K)
Approx. gross sale proceeds
$196K
Approx. exercise cost
$191K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (Right to Buy) | 14,667 | $0.00 | $0.00 |
| Exercise | Common Stock | 14,667 | $13.00 | $191K |
| Exercise Price or Tax Liability | Common Stock | 7,228 | $26.38 | $191K |
| Sale | Common Stock | 7,439 | $26.385 | $196K |
Holdings After Transaction:
Stock Option (Right to Buy) — 29,333 contracts (Direct);
Common Stock — 19,772 shares (Direct)
Footnotes (1)
- F1. One-fourth (1/4th) of the shares subject to the Option shall vest on October 24, 2020, and one thirty-sixth (1/36th) of the remaining shares subject to the Option shall vest each month thereafter, subject to the Reporting Person continuing to provide service through each such date.
Key Figures
Open-market sale: 7,439 shares at $26.385
Options exercised: 14,667 shares at $13.00
Tax withholding shares: 7,228 shares at $26.38
+3 more
6 metrics
Open-market sale
7,439 shares at $26.385
Common Stock sale on 2026-06-01
Options exercised
14,667 shares at $13.00
Stock Option exercise on 2026-06-01
Tax withholding shares
7,228 shares at $26.38
Tax-withholding disposition on 2026-06-01
Shares owned after transactions
19,772 shares
Common Stock directly held after 2026-06-01
Option expiration date
October 23, 2029
Stock Option (Right to Buy) term
Net buy/sell shares
-7,439 shares
Net sell direction in transaction summary
Key Terms
open-market sale, tax-withholding disposition, Stock Option (Right to Buy), derivative security, +1 more
5 terms
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.
Stock Option (Right to Buy) financial
"security_title": "Stock Option (Right to Buy)""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Progyny (PGNY) director Scott Cheryl do in this Form 4 filing?
Scott Cheryl exercised options for 14,667 Progyny shares at $13.00, then sold 7,439 shares at about $26.39. An additional 7,228 shares were withheld to cover taxes, leaving her with 19,772 Common Stock shares held directly.
What stock options did Scott Cheryl exercise in Progyny (PGNY)?
She exercised a Stock Option for 14,667 shares of Progyny Common Stock at an exercise price of $13.00 per share. The option was part of a grant that vested over time and had an original expiration date of October 23, 2029.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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