Insider selling is trivial in dollar terms and spread across a director and two executives — no concentrated bearish signal. The cluster is consistent with routine portfolio diversification and tax-related transactions. Monitor the next 10-Q for any fundamental deterioration, but this filing alone does not warrant action.
Price Chart
Executive Summary
Two Progyny insiders (a director and the EVP/GC) sold a combined $198K in open-market sales over a 5-day window. The total is ~0.01% of market cap — trivial relative to the $2.0B company. The CFO also sold a de minimis $7.3K in the same period. No C-suite cluster buying exists to offset the sales. The insider activity is routine and non-informative.
Key Financial Metrics
Key Facts
- Director Kevin K. Gordon sold 5,500 shares for $137K on 2026-05-27.
- EVP/GC Allison Swartz sold 2,398 shares for $61K on 2026-05-28.
- CFO Mark Livingston sold 279 shares for $7.3K on 2026-06-02 (open-market).
- Total open-market sales across all insiders in the cluster: ~$205K (0.01% of $2.0B market cap).
- Director Scott Cheryl's transactions were derivative exercises and tax withholdings — no net economic sale.
- No insider open-market purchases were reported in the cluster.
Financial Impact
Total open-market sales of ~$205K represent ~0.01% of market cap — immaterial.
Risk Factors
- No material risk from this insider activity given the trivial dollar amounts.
- If the company's fundamentals deteriorate in the next quarterly report, these sales could be viewed as opportunistic in hindsight, but no evidence of that now.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PGNY-1780520058287 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 22d ago | 144 | $27.08 $27.01 | ▼ −0.26% | ▲ +0.24% | $25.23 (−6.83%) |
Jul 23, 2026 10w ago | Press Release | $30.70 $31.49 | ▲ +2.57% | ▲ +2.10% | $25.23 (−17.82%) |
Jun 12, 2026 16w ago | Institutional Cluster | $26.63 $26.08 | ▲ +2.07% | ▲ +2.74% | $25.23 (+5.26%) |
Jun 3, 2026 17w ago | Insider Cluster | $25.48 $25.65 | ▲ +0.67% | ▲ +3.22% | $25.23 (−0.98%) |
Jun 3, 2026 17w ago | Insider Cluster | $25.48 $25.65 | ▲ +0.67% | ▲ +3.22% | $25.23 (−0.98%) |
May 28, 2026 18w ago | Press Release | $25.69 $24.99 | ▲ +2.72% | ▲ +2.68% | $25.23 (+1.79%) |
May 27, 2026 18w ago | 144 | $25.48 $25.12 | ▼ −1.41% | ▼ −2.62% | $25.23 (−0.98%) |
May 26, 2026 18w ago | 8-K | $25.05 $26.20 | ▲ +4.59% | ▲ +3.51% | $25.23 (+0.72%) |
May 21, 2026 19w ago | Insider Cluster | $24.88 $26.20 | ▲ +5.31% | ▲ +3.63% | $25.23 (+1.41%) |
May 21, 2026 19w ago | Insider Cluster | $24.88 $26.20 | ▲ +5.31% | ▲ +3.65% | $25.23 (+1.41%) |
US Market Status
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