Form 4: PagerDuty CEO's Routine Stock Disposition for Tax

PagerDuty CEO Jennifer Tejada reported a routine disposition of 68,924 shares of common stock to satisfy tax obligations related to restricted stock unit vesting.

Summary

• Jennifer Tejada, Chief Executive Officer and Director of PagerDuty, Inc. (PD), reported a transaction involving the company's common stock.
• On October 2, 2025, 68,924 shares of PagerDuty common stock were disposed of.
• These shares were automatically withheld by PagerDuty to satisfy tax obligations incurred by Ms. Tejada upon the vesting and settlement of restricted stock units.
• The disposition occurred at a price of $16.47 per share.
• Following this transaction, Ms. Tejada directly beneficially owns 1,346,218 shares of common stock.
• She also indirectly beneficially owns an additional 266,572 shares through various grantor retained annuity trusts and the Langford Island Trust.

Sentiment

Score: 5

Explanation: The filing reports a routine, non-discretionary insider transaction (tax withholding for RSU vesting), which is neutral in sentiment regarding the company's operational performance or future prospects.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a routine, non-discretionary transaction for tax purposes, not a discretionary sale based on insider sentiment.

Key Dates

Recommendation

The filing details a routine, non-discretionary disposition of shares by the CEO to cover tax obligations upon the vesting of restricted stock units. This type of transaction is a standard part of executive compensation and does not reflect a discretionary sale based on insider views of the company's prospects. Therefore, it provides no new material information to alter an existing investment thesis, warranting a 'hold' recommendation.

Keywords

PagerDuty, PD, Jennifer Tejada, CEO, Director, Form 4, insider transaction, stock disposition, RSU vesting, tax withholding