Form 4: PagerDuty CEO's Tax-Related Stock Sale
Insider Transaction Report
PagerDuty CEO Jennifer Tejada reported a disposition of 57,730 shares of common stock to cover tax obligations related to restricted stock unit vesting.
Summary
- Jennifer Tejada, PagerDuty's Chief Executive Officer and a Director, reported a transaction on January 2, 2026.
- 57,730 shares of PagerDuty Common Stock were disposed of at a price of $12.39 per share.
- This disposition represents shares automatically withheld by the Issuer to satisfy tax obligations realized upon the vesting and settlement of restricted stock units.
- Following this transaction, Tejada directly beneficially owns 1,288,488 shares of Common Stock, which includes restricted stock units.
- Tejada also indirectly beneficially owns an additional 270,572 shares through various trusts, including the Langford Island Trust and several Tejada 2024 and 2025 Grantor Retained Annuity Trusts.
- 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 is a routine, non-discretionary sale to cover tax liabilities associated with equity compensation, which is a neutral event for company sentiment.
Future Outlook
NA
Industry Context
This is a routine insider transaction for tax purposes, common across all industries for executives receiving equity compensation. It does not reflect specific industry trends or competitive positioning.
Stakeholder Impact
- Minimal direct impact on shareholders as this is a routine, non-discretionary tax-related sale by an executive. It does not signal a change in management's confidence or company fundamentals.
Key Dates
| Date | Description |
|---|---|
| 01/02/2026 | Date of earliest transaction, involving the disposition of shares for tax obligations. |
| 01/06/2026 | Signature date of the reporting person's attorney-in-fact for the filing. |
Recommendation
holdThe reported transaction is a mandatory tax withholding event for PagerDuty's CEO, Jennifer Tejada, upon the vesting of restricted stock units. This is a routine and non-discretionary sale, not indicative of a change in management's outlook or the company's fundamental performance. Therefore, it does not warrant a change in investment recommendation based solely on this filing.
Keywords
PagerDuty, PD, Jennifer Tejada, Insider Transaction, Form 4, Stock Sale, CEO, Restricted Stock Units, Tax Withholding, Corporate Governance
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