Progyny, Inc. 8-K

What Happened
Progyny, Inc. announced on March 13, 2026 that it issued a Notice of Pendency of Settlement of a derivative action (attached as Exhibit 99.1) under a settlement agreement with a stockholder. The action was brought derivatively on behalf of the Company in the Supreme Court for the State of New York, New York County and challenged historical compensation practices for the Company’s non‑employee directors.

Key Details

• Filing date: March 13, 2026 (Form 8-K, Item 8.01).
• Document attached: Exhibit 99.1 — Notice of Pendency of Settlement of Derivative Action.
• Litigation forum: Supreme Court of the State of New York, New York County.
• Subject of dispute: historical compensation practices for non‑employee directors; settlement entered with a stockholder. No monetary terms or charges were disclosed in this 8-K.

Why It Matters
This filing signals the company has reached a settlement that resolves a shareholder derivative lawsuit related to director compensation, which addresses a governance-related legal risk. For investors, the immediate impact is governance clarity and removal of that pending litigation, but because the 8-K does not disclose settlement terms or financial impacts, stakeholders should watch for further filings (e.g., future 8-Ks or proxy disclosures) that detail any payments, changes to compensation policies, or corporate governance actions.