Form 4: PagerDuty CAO Sells Shares for Tax Obligation

PagerDuty's Chief Accounting Officer, Paul D. Underwood, disposed of 1,898 shares of common stock to cover tax liabilities related to restricted stock unit vesting.

Summary

• Paul D. Underwood, Chief Accounting Officer of PagerDuty, Inc. (PD), reported a transaction on October 2, 2025.
• The transaction involved the disposition of 1,898 shares of PagerDuty Common Stock.
• These shares were automatically withheld by the Issuer to satisfy a tax obligation incurred by Mr. Underwood upon the vesting and settlement of restricted stock units.
• The shares were valued at $16.47 per share for the purpose of this tax withholding.
• Following this transaction, Mr. Underwood beneficially owns 82,201 shares of PagerDuty Common Stock.
• A portion of the beneficially owned shares represent restricted stock units.
• The transaction was made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Sentiment

Score: 5

Explanation: The transaction represents a routine, non-discretionary sale of shares by an insider to satisfy tax obligations upon the vesting of restricted stock units, which is a neutral event for company valuation.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Industry Context

This specific insider transaction is a routine event related to executive compensation and tax obligations, and it does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, non-discretionary transaction for tax purposes, not indicative of a change in management's view of the company's prospects.

Key Dates

Keywords

PagerDuty, PD, Form 4, Insider Transaction, Stock Sale, RSU, Tax Withholding, Paul Underwood, Chief Accounting Officer, Equity Compensation