[Form 4] Progyny, Inc. Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Progyny, Inc. reported that Chief Product Officer Geoffrey Clapp received new equity awards on March 2, 2026. He acquired stock-based incentives covering 51,373 shares of common stock underlying restricted stock units and a separate grant of 35,228 shares of common stock at no purchase price.
According to the grant terms, 33% of each award will vest on the first anniversary of the grant date, with the remaining portions vesting in quarterly installments through the third anniversary, subject to his continued service. These awards are described as annual merit grants under Progyny's 2019 Equity Incentive Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Clapp Geoffrey
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 51,373 | $0.00 | -- |
| Grant/Award | Common Stock | 35,228 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 51,373 shares (Direct);
Common Stock — 63,922 shares (Direct)
Footnotes (1)
- Represents the number of shares of Issuer common stock underlying restricted stock units ("RSUs"). This was an annual merit grant made pursuant to the Issuer's 2019 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of Issuer common stock. 33% of the RSUs will vest on the first anniversary of the grant date, with the remainder vesting quarterly in installments thereafter through the third anniversary of the grant date, subject to the Reporting Person's continued service on each applicable vesting date. Represents an annual merit grant made pursuant to the Issuer's 2019 Equity Incentive Plan. 33% of the shares will vest on the first anniversary of the grant date, with the remainder vesting quarterly in installments thereafter through the third anniversary of the grant date, subject to the Reporting Person's continued service on each applicable vesting date.
FAQ
What insider transaction did Progyny (PGNY) report for Geoffrey Clapp?
Progyny reported that Chief Product Officer Geoffrey Clapp received equity awards on March 2, 2026. He was granted restricted stock units for 51,373 shares and a separate grant of 35,228 shares of common stock, both described as annual merit grants under the 2019 Equity Incentive Plan.
What are the vesting terms of Geoffrey Clapp’s equity grants at Progyny (PGNY)?
Both equity grants vest over three years with a similar pattern. One-third of each award vests on the first anniversary of the March 2, 2026 grant date, and the remaining two-thirds vest in quarterly installments through the third anniversary, contingent on Geoffrey Clapp’s continued service.
Were Geoffrey Clapp’s recent Progyny (PGNY) equity awards open-market purchases?
The awards were not open-market purchases; they were compensation grants. The filing shows both the restricted stock units and the common shares were issued at a price of $0.00 per share as annual merit grants under Progyny’s 2019 Equity Incentive Plan, rather than bought on the market.
Under which plan were Geoffrey Clapp’s new Progyny (PGNY) awards granted?
Both awards were made under Progyny’s 2019 Equity Incentive Plan. The filing describes them as annual merit grants, with restricted stock units and common stock that vest over three years, rewarding Geoffrey Clapp’s ongoing service as Chief Product Officer if he remains employed through each vesting date.