Form 4: PagerDuty CEO Jennifer Tejada Reports Stock Transactions

Jennifer Tejada, CEO of PagerDuty, reports multiple transactions involving PagerDuty common stock, including tax-related withholdings, transfers to and from various grantor retained annuity trusts and the Langford Island Trust.

Summary

• On July 2nd and 3rd, 2024, Jennifer Tejada, the CEO of PagerDuty, engaged in several transactions involving PagerDuty's common stock.
• These transactions included the disposal of 46,086 shares to cover tax obligations at a price of $22.14 per share.
• Tejada also transferred 13,426 shares to the Langford Island Trust.
• Additionally, shares were transferred from the Langford Island Trust to the Tejada 2024 Grantor Retained Annuity Trust I and II.
• The reporting person also indirectly owns shares through the Tejada 2023 Grantor Retained Annuity Trust I and II.
• After these transactions, Tejada directly owns 1,023,579 shares and indirectly owns 171,352 shares through various trusts.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document primarily reports stock transactions, which don't inherently indicate positive or negative sentiment. The transactions are related to tax obligations and trust transfers, which are common financial planning activities.

Industry Context

Form 4 filings are standard practice for company insiders and provide transparency into their trading activities. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
• The tax-related disposal of shares could slightly affect the company's outstanding share count.

Key Dates