Form 4: Progyny CFO Mark Livingston Reports Routine Stock Transaction for Tax Withholding

Progyny, Inc.'s Chief Financial Officer, Mark S. Livingston, reported a routine disposition of 1,848 shares of common stock valued at $21.5 per share, primarily for tax withholding purposes related to restricted stock unit vesting.

Summary

• Mark S. Livingston, the Chief Financial Officer of Progyny, Inc. (PGNY), reported a transaction on June 2, 2025.
• The transaction involved the disposition of 1,848 shares of Progyny common stock.
• These shares were withheld by the company for the payment of withholding taxes upon the vesting of restricted stock units (RSUs) previously granted to Mr. Livingston.
• The shares were valued at $21.5 per share at the time of the transaction.
• Following this transaction, Mr. Livingston beneficially owns 72,511 shares of Progyny common stock directly.

Sentiment

Score: 5

Explanation: The sentiment is neutral as this is a routine, non-discretionary transaction for tax purposes, reflecting standard compensation practices rather than a strategic move or a change in confidence.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction, specifically related to tax withholding upon RSU vesting. It does not provide information relevant to broader industry trends or competitive landscape within the fertility benefits or healthcare technology sectors.

Stakeholder Impact

• Shareholders: This is a routine transaction and is unlikely to have a significant direct impact on the company's share price or shareholder value. It represents a minor reduction in the CFO's direct holdings due to tax obligations, not a discretionary sale.
• Employees: The transaction relates to executive compensation (RSU vesting), which is a standard component of employee incentive programs.

Key Dates

Keywords

Progyny, PGNY, SEC Form 4, insider transaction, stock disposition, restricted stock units, tax withholding, CFO, Mark S. Livingston