This cluster is routine insider selling tied to equity vesting cycles. The dollar amounts are immaterial relative to market cap, and the pattern (exercise-and-sell, tax withholding) is standard for post-vesting liquidity. No actionable directional signal — monitor the next 10-Q for any revenue or EPS inflection, as the analyst consensus remains 88% bullish.
Price Chart
Executive Summary
Four Progyny insiders (CEO excluded) sold a total of ~$402K worth of common stock over a 7-day window, with no open-market purchases. The cluster is dominated by a Director's $196K sale and an EVP/GC's $61K sale, alongside the CFO's small $7K sale and a separate Director's $137K sale. Tax-withholding share surrenders by the CFO, CEO, and EVP/GC (non-cash events) accounted for a further $380K in notional value. The total open-market sale value of $402K represents approximately 0.02% of PGNY's $2.0B market cap — well below the 0.1% materiality threshold — and is typical of routine portfolio diversification, not a bearish signal.
Key Financial Metrics
Key Facts
- 4 insiders sold 15.8K open-market shares totalling ~$402K over 7 days (window 5/27-6/3).
- No open-market purchases were made by any insider during the window.
- The total open-market sale amount ($402K) is ~0.02% of PGNY's $2.0B market cap.
- The CEO, CFO, and EVP/GC each separately surrendered shares for tax withholding on equity vesting — these are non-cash events ($380K notional, $0 economic value).
- Director Scott Cheryl exercised 14,667 options (non-cash) and immediately sold a portion for $196K — a typical exercise-and-sell technique for option monetization.
- Past cluster reports on PGNY (T+20 win rate 100%) show the model has historically undersold neutral reads on this name.
Financial Impact
~$402K in total open-market sales (0.02% of market cap), plus ~$380K in tax-withholding share surrenders (non-cash).
Risk Factors
- Multiple C-suite insiders (CEO, CFO, EVP/GC) participated in share surrenders, which could be misinterpreted as a bearish indicator.
- No insider buying occurred, which eliminates the strongest positive signal from insider activity.
- The company's stock has been volatile recently (past neutral reports saw +4-11% T+5 moves); routine insider selling may be a contrarian buy signal if fundamentals are intact.
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-1780691918943 |
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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