Form 4: PagerDuty Director Dan Solomon Reports Routine Tax-Related Stock Disposition

PagerDuty Director Dan Alexandru Solomon reported the disposition of 703 shares of common stock to cover tax obligations related to the vesting of restricted stock units, maintaining significant beneficial ownership.

Summary

• Director Dan Alexandru Solomon of PagerDuty, Inc. reported two dispositions of common stock on July 2, 2025.
• A total of 377 shares were disposed of at a price of $15.72 per share.
• An additional 326 shares were disposed of at a price of $15.72 per share.
• These dispositions represent shares automatically withheld by PagerDuty to satisfy tax obligations incurred by Mr. Solomon upon the vesting and settlement of his restricted stock units.
• Following these transactions, Mr. Solomon's beneficial ownership of PagerDuty common stock is 2,657,023 shares.
• A portion of these beneficially owned shares represent restricted stock units.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary disposition of shares for tax withholding purposes upon RSU vesting. It is a neutral event with no significant positive or negative implications for the company's operations or financial health.

Positives

• The transaction reflects the vesting and settlement of restricted stock units (RSUs), indicating a pre-planned compensation event for the director.
• The director continues to hold a substantial beneficial ownership of 2,657,023 shares in PagerDuty, Inc. following the transactions.

Negatives

• The disposition of shares, totaling 703, was solely for tax withholding purposes and does not indicate a discretionary sale by the director.

Future Outlook

NA

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically a tax-related disposition of shares. It does not provide broader industry context or trends, as its scope is limited to an individual's stock ownership changes.

Stakeholder Impact

• Shareholders: The transaction is a routine tax-related disposition and does not indicate a change in the director's long-term commitment or a significant shift in ownership that would materially impact other shareholders.
• Employees: The vesting of restricted stock units and subsequent tax withholding is a standard component of executive compensation, reflecting the company's compensation structure.

Key Dates

Keywords

PagerDuty, PD, Form 4, SEC filing, insider transaction, stock disposition, restricted stock units, RSU vesting, tax withholding, Dan Alexandru Solomon, director