Progyny (PGNY) EVP Swartz logs small share sales under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progyny, Inc. executive vice president and general counsel Allison Swartz reported modest net selling of company common stock. She sold a total of 1,798 shares in open-market transactions on June 3–4, 2026 at prices around $25 per share, under a pre-arranged Rule 10b5-1 trading plan. Separate dispositions of 1,015 shares were made to cover withholding taxes upon the vesting of restricted stock units. After these transactions, she directly holds 82,378 shares of Progyny common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,798 shares ($45,022)
Net Sell
4 txns
Insider
Swartz Allison
Role
EVP, GC
Sold
1,798 shs ($45K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 339 | $24.99 | $8K |
| Sale | Common Stock | 599 | $25.08 | $15K |
| Tax Withholding | Common Stock | 676 | $25.12 | $17K |
| Sale | Common Stock | 1,199 | $25.02 | $30K |
Holdings After Transaction:
Common Stock — 82,977 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 May 13, 2025.
Key Figures
Open-market sale 1: 599 shares at $25.08
Open-market sale 2: 1,199 shares at $25.02
Tax withholding 1: 339 shares at $24.99
+4 more
7 metrics
Open-market sale 1
599 shares at $25.08
Common Stock sale on June 4, 2026
Open-market sale 2
1,199 shares at $25.02
Common Stock sale on June 3, 2026
Tax withholding 1
339 shares at $24.99
Withheld for RSU taxes on June 4, 2026
Tax withholding 2
676 shares at $25.12
Withheld for RSU taxes on June 3, 2026
Total shares sold
1,798 shares
Net open-market sales across June 3–4, 2026
Shares withheld for taxes
1,015 shares
Tax-withholding dispositions linked to RSU vesting
Post-transaction holdings
82,378 shares
Direct ownership after reported transactions
Key Terms
Rule 10b5-1 trading plan, restricted stock units, withholding taxes, open-market sale, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"Shares sold pursuant to a Rule 10b5-1 trading plan entered into on May 13, 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
"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 did Progyny (PGNY) executive Allison Swartz report in this Form 4?
She reported small stock sales and tax-related share withholdings. Swartz sold 1,798 Progyny common shares in open-market trades and had 1,015 shares withheld for taxes, all tied to her existing equity compensation arrangements.
Were the Progyny (PGNY) insider sales by Allison Swartz pre-planned?
Yes, the sales were made under a Rule 10b5-1 trading plan. The filing notes that the shares were sold pursuant to a trading plan entered into on May 13, 2025, indicating the transactions were scheduled in advance.
What types of transactions are shown in Allison Swartz’s Progyny (PGNY) Form 4?
The filing shows open-market sales and tax-withholding dispositions. Two transactions are coded “S” for open-market sales, and two are coded “F” for share dispositions used to pay withholding taxes on vested restricted stock units.