Form 4: Progyny's COO, Melissa Cummings, Acquires Shares and Stock Options

Melissa Cummings, Chief Operating Officer of Progyny, Inc., reports acquisition of shares and stock options.

Summary

• On April 14, 2025, Melissa Cummings, the Chief Operating Officer of Progyny, Inc., acquired 41,667 shares of common stock and 56,741 stock options.
• The shares were acquired at a price of $0.
• The stock options have an exercise price of $22.08.
• 33% of both the restricted stock units (RSUs) and stock options will vest on April 14, 2026, with the remainder vesting quarterly in equal installments through April 14, 2028, contingent upon continued service.
• Following these transactions, Ms. Cummings beneficially owns 41,667 shares of common stock and 56,741 stock options.
• The Form 4 filing was submitted late due to a delay in receiving EDGAR codes for Ms. Cummings.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Negatives

• The Form 4 filing was submitted late due to a delay in receiving EDGAR codes for Ms. Cummings.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the holdings of company executives.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding executive compensation and ownership.

Key Dates

Keywords

Form 4, insider trading, stock options, restricted stock units, Progyny, PGNY, Melissa Cummings, Chief Operating Officer, beneficial ownership