The $450K in C-suite sales is immaterial relative to market cap and does not warrant a bearish read. Monitor for any 8-K filings (earnings, guidance, or material agreements) in the next 30 days, as the cross-filing actuarial amplifiers suggest insider trades combined with earnings/agreement context have historically been more informative. If no such filings emerge, this cluster is noise.
Price Chart
Executive Summary
Two C-suite insiders at Progyny (CFO and COO) sold a combined $450K in open-market sales over two days, representing ~0.02% of the company's $2.0B market cap. The dollar amount is trivial relative to company size, and the trades are likely liquidity-driven (blackout window or 10b5-1 plan) rather than signaling material negative information.
Key Financial Metrics
Key Facts
- CFO Mark Livingston sold 8,275 shares at $25.50 for $211K on 2026-05-20
- COO Melissa Cummings sold 9,578 shares at $25.00 for $239K on 2026-05-19
- Total cluster value of $450K is ~0.02% of PGNY's $2.0B market cap
- Both trades are open-market sales (code S), not tax-withholding or derivative exercises
- No insider buying in the cluster window; prior 30-day activity also shows only sales ($450K)
Financial Impact
Total insider sales of $450K, negligible relative to $2.0B market cap
Risk Factors
- Insider sales could accelerate if the stock continues to trade near $25, but current dollar amounts are too small to signal distress
- No insider buying to offset the selling pattern, which may dampen sentiment among retail traders
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-1779395038650 |
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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