The sale values are far below the 0.1%-of-market-cap materiality threshold and are typical for C-suite diversification. No bearish read-through warranted. Monitor for any larger cluster (>1% of market cap) or C-suite departure before re-assessing.
Price Chart
Executive Summary
CFO Livingston and COO Cummings collectively sold ~$450K of PGNY stock in open-market transactions on May 19–20, 2026. This is a small cluster of cash sales by the top two C-suite executives, representing ~0.024% of PGNY's $1.9B market cap — a trivial amount. The sales lack materiality and are consistent with routine portfolio diversification or liquidity needs; they do not convey a bearish signal.
Key Financial Metrics
Key Facts
- CFO Mark Livingston sold 8,275 shares at ~$25.50 for ~$211K on May 20, 2026 (open-market sale, code S).
- COO Melissa Cummings sold ~9,600 shares at ~$25.00 for ~$239K on May 19, 2026 (open-market sale, code S).
- Combined open-market sales total ~$450K, or ~0.024% of PGNY's $1.9B market cap.
- All other insiders (7 directors) received equity grants on May 21, 2026, at $0 or ~$12.49 — these are non-cash/compensatory transactions (codes A/G) with no economic sale signal.
- Total insider cash volume in the full 7-day window is only $450K; the vast majority of activity ($0 grants) is non-economic.
Financial Impact
Two C-suite officers sold ~$450K combined, equivalent to 0.024% of market cap — immaterial.
Risk Factors
- If Q2 2026 earnings show a miss or guidance cut, these small sales could be retrospectively colored as 'ahead of bad news,' but the dollar amount is too small to be meaningful.
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-1779827126863 |
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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