Form 4: PagerDuty CEO Jennifer Tejada Executes Stock Transactions Under 10b5-1 Plan

PagerDuty's CEO, Jennifer Tejada, executed a series of stock transactions, including the sale of 12,500 shares and the acquisition of 12,500 shares through option exercise, under a pre-arranged 10b5-1 trading plan.

Summary

• Jennifer Tejada, CEO of PagerDuty, engaged in stock transactions on December 12, 2024.
• These transactions included the acquisition of 12,500 shares of common stock through the exercise of stock options at a price of $2 per share.
• Concurrently, 12,500 shares of common stock were sold at a weighted average price of $20.12 per share.
• The sales were executed within a price range of $20.00 to $20.31 per share.
• These transactions were conducted under a 10b5-1 trading plan adopted on April 9, 2024.
• Following these transactions, Ms. Tejada directly owns 907,631 shares and indirectly owns 303,146 shares through various trusts.
• Ms. Tejada also holds options to purchase 863,048 shares of common stock.

Sentiment

Score: 5

Explanation: The document reflects routine insider trading activity under a pre-arranged plan, which is neither positive nor negative. It is a neutral event.

Industry Context

This is a routine filing for insider transactions and is common for executives of publicly traded companies. The use of a 10b5-1 plan is a common practice to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a standard practice among executives at publicly traded companies, such as those in the technology sector like Salesforce, Workday, and ServiceNow.
• These plans allow for pre-scheduled stock transactions to avoid any appearance of trading on non-public information.
• The reported transactions are typical for executives who hold stock options and restricted stock units as part of their compensation packages.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are part of a pre-arranged trading plan.
• The transactions do not affect the company's operations or financial health.

Key Dates

Keywords

PagerDuty, Jennifer Tejada, stock transactions, Form 4, 10b5-1 plan, insider trading, stock options, equity