Form 4: PagerDuty Executive Shelley Webb Sells Shares Under 10b5-1 Trading Plan

Shelley Webb, Chief Legal and People Officer of PagerDuty, Inc., sold 6,246 shares of common stock at an average price of $18.12 per share on October 9, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On October 9, 2024, Shelley Webb, the Chief Legal and People Officer of PagerDuty, Inc., sold 6,246 shares of the company's common stock.
• The sales were executed under a 10b5-1 trading plan adopted on July 10, 2024.
• The shares were sold at prices ranging from $18.00 to $18.22, with a weighted average price of $18.12 per share.
• Following the transaction, Webb directly owns 216,572 shares, including restricted stock units.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-existing plan. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Executive stock sales are a common occurrence, and sales under 10b5-1 plans are generally viewed as less impactful since they are pre-planned. However, investors often monitor insider transactions for signals about a company's prospects.

Stakeholder Impact

• The stock sale could have a minor impact on shareholders if it creates downward pressure on the stock price, although sales under 10b5-1 plans are usually anticipated.

Key Dates