Form 4: Progyny Executive Sells Shares for Tax Withholding

Progyny's Executive Chairman, David J. Schlanger, disposed of 1,893 shares of common stock for tax withholding purposes.

Summary

• David J. Schlanger, Executive Chairman and Director of Progyny, Inc. (PGNY), reported a transaction on October 1, 2025.
• The transaction involved the disposition of 1,893 shares of Progyny common stock.
• These shares were withheld for the payment of withholding taxes upon the vesting of restricted stock units granted to Mr. Schlanger.
• The shares were valued at $21.52 per share for tax purposes.
• Following this transaction, Mr. Schlanger beneficially owns 220,419 shares of Progyny common stock directly.

Sentiment

Score: 5

Explanation: The transaction is a routine, non-discretionary sale for tax withholding upon RSU vesting, which is neutral in terms of market sentiment and does not reflect management's discretionary view on the stock.

Positives

• No direct positives related to company performance or outlook as this was a non-discretionary transaction for tax withholding.

Negatives

• No direct negatives related to company performance or outlook as this was a non-discretionary transaction for tax withholding.

Future Outlook

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

Industry Context

This routine insider transaction for tax purposes does not provide specific insights into broader industry trends or competitive landscape.

Stakeholder Impact

• Minimal impact on shareholders as this is a routine, non-discretionary transaction for tax purposes and does not signal a change in management's confidence or company fundamentals.

Key Dates

Recommendation

The reported transaction is a non-discretionary sale of shares to cover tax obligations upon the vesting of restricted stock units. This type of insider transaction is routine and does not typically indicate a change in the executive's outlook on the company's performance or future prospects. Therefore, it provides no new fundamental information to warrant a change in investment recommendation, suggesting a 'hold' position based solely on this filing.

Keywords

Progyny, PGNY, Insider Transaction, Form 4, David J. Schlanger, Executive Chairman, Stock Sale, Tax Withholding