Form 4: Progyny EVP Swartz Reports Stock Sale, Tax Withholding

Progyny's EVP and General Counsel, Allison Swartz, reported the sale of 530 shares and the withholding of 408 shares for taxes on December 4, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Allison Swartz, Executive Vice President and General Counsel of Progyny, Inc. (PGNY), reported transactions involving company common stock.
• On December 4, 2025, 408 shares were withheld for payment of withholding taxes upon the vesting of restricted stock units, with a deemed price of $24.55 per share.
• Following the tax withholding transaction, beneficial ownership was 73,249 shares.
• On the same date, 530 shares were sold at a price of $24.59 per share.
• The sale of shares was executed pursuant to a Rule 10b5-1 trading plan, which was entered into on May 13, 2025.
• After these reported transactions, Allison Swartz beneficially owns 72,719 shares of Progyny common stock.

Sentiment

Score: 5

Explanation: The filing is a routine Form 4 disclosure of insider transactions, specifically a sale under a pre-arranged 10b5-1 plan and shares withheld for taxes. These are standard events and do not inherently indicate positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This is a routine insider transaction disclosure for an executive at a publicly traded company, common across all industries. It does not provide specific industry-related insights.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, pre-scheduled insider transaction of a relatively small number of shares, common for executive compensation and tax management.

Key Dates

Recommendation

This Form 4 reports a routine insider stock sale and tax withholding by an executive, executed under a pre-established 10b5-1 trading plan. Such transactions are typically for personal financial planning and tax management, rather than a reflection of the executive's view on the company's immediate prospects. The volume of shares is not significant enough to suggest a material change in the company's fundamentals or warrant a change in investment recommendation based solely on this filing. Investors should continue to hold and monitor broader company performance and market conditions.

Keywords

Progyny, PGNY, Allison Swartz, Insider Transaction, Form 4, Stock Sale, Executive Compensation, 10b5-1 Plan, Restricted Stock Units, Tax Withholding