Form 4: PagerDuty SVP Finance & CAO, Mitra Rezvan, Reports Stock Sale
SEC Form 4 Filing
Mitra Rezvan, SVP Finance & CAO of PagerDuty, Inc., reported the sale of 2,942 shares of common stock at an average price of $18.06.
Summary
- Mitra Rezvan, the SVP Finance & CAO of PagerDuty, Inc., filed a Form 4 with the SEC.
- The form reports a transaction that occurred on October 9, 2024.
- Rezvan sold 2,942 shares of PagerDuty's common stock.
- The sale was executed at a weighted average price of $18.06 per share.
- The sales were effected pursuant to a 10b5-1 trading plan adopted on July 10, 2024.
- Following the transaction, Rezvan beneficially owns 108,449 shares, a portion of which are restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard insider transaction disclosure under a pre-existing trading plan.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to have 10b5-1 trading plans to avoid accusations of trading on inside information.
Stakeholder Impact
- The stock sale by an executive could have a minor negative impact on shareholder sentiment, but is unlikely to have a significant impact due to the relatively small number of shares sold and the existence of a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| July 10, 2024 | Date of adoption of the 10b5-1 trading plan |
| October 09, 2024 | Date of the stock sale transaction |
| October 10, 2024 | Date of signature on the Form 4 filing |
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