Form 4: PagerDuty's Chief Legal Officer, Shelley Webb, Executes Stock Sales Under 10b5-1 Plan

Shelley Webb, Chief Legal Officer of PagerDuty, Inc., sold shares of common stock on April 4, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• Shelley Webb, the Chief Legal Officer of PagerDuty, Inc., executed sales of the company's common stock on April 4, 2024.
• The sales were conducted under a pre-arranged 10b5-1 trading plan adopted on July 10, 2023.
• A total of 6,859 shares were sold in multiple transactions at varying prices.
• The weighted average sale prices were $22.28 and $22.9 per share for different tranches of shares.
• Following the reported transactions, Webb still beneficially owns 253,439 shares of PagerDuty common stock, including restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to stock sales under a pre-arranged plan. It doesn't inherently convey positive or negative sentiment.

Industry Context

Executive stock sales are a common occurrence, and the use of 10b5-1 plans allows insiders to sell shares without being accused of trading on non-public information. The market will likely interpret this as a routine transaction.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
• However, given the relatively small number of shares sold and the existence of a 10b5-1 plan, the impact is likely to be minimal.

Key Dates