Form 4: PagerDuty Executive Sells Shares for Tax Withholding

Jennifer Tejada, Executive Chair and Director at PagerDuty, reported a transaction involving the sale of 71,210 shares of common stock to cover tax obligations upon vesting of restricted stock units.

Summary

• Jennifer Tejada, Executive Chair and Director of PagerDuty, Inc., engaged in a transaction on July 2, 2026.
• This transaction involved the sale of 71,210 shares of PagerDuty common stock.
• The sale was executed at a price of $9.98 per share.
• The shares were automatically withheld by the Issuer to satisfy tax obligations arising from the vesting and settlement of restricted stock units.
• Following this transaction, Tejada directly beneficially owns 1,678,251 shares of common stock.
• Additionally, Tejada beneficially owns various amounts of common stock indirectly through several trusts, including the Tejada 2024 Grantor Retained Annuity Trust (multiple series), the Tejada 2025 Grantor Retained Annuity Trust (multiple series), and the Langford Island Trust.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as the transaction is a routine tax-related event for an executive and does not indicate a change in the executive's conviction about the company's future prospects.

Negatives

• Sale of a significant number of shares (71,210) by a key executive, although this was for tax withholding purposes.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding future company performance.

Industry Context

StockSavvy.ai notes that insider transactions, particularly those related to tax withholding upon vesting of equity awards, are common occurrences for executives in the technology sector. This filing reflects a standard procedure for managing tax liabilities associated with compensation.

Stakeholder Impact

• Shareholders: The sale of shares by an executive for tax purposes is a common and generally expected event, and this specific transaction is unlikely to have a significant direct impact on the share price or overall shareholder value.

Key Dates

Keywords

PagerDuty, Form 4, Insider Transaction, Stock Sale, Tax Withholding, Restricted Stock Units, Executive Chair, Director, Beneficial Ownership