Tejada Jennifer 4

What Happened

• Jennifer Tejada, CEO of PagerDuty (PD), received a grant of 530,035 restricted stock units (RSUs) on 2026-04-02 (acquisition code A). The RSUs were granted at $0.00 per unit (no immediate cash outlay).
• On the same date, 69,062 shares were automatically withheld by the company to satisfy tax withholding obligations related to vesting/settlement (disposition code F) at an effective withholding value of $6.40 per share, totaling $441,997.
• The RSU grant is a compensation award rather than an open-market purchase; the withholding is a routine tax-related disposition, not a sale for liquidity.

Key Details

• Transaction date: 2026-04-02 (filed 2026-04-06).
• Grant: 530,035 RSUs acquired (price $0.00).
• Withholding: 69,062 shares withheld at $6.40/share for taxes = $441,997.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes: F1 = shares withheld to satisfy tax obligations; F2 = a portion of the shares are RSUs; F3 = RSUs awarded under the 2019 Employee Incentive Plan, each RSU converts to one share and vests 1/12th each quarterly from the grant date, subject to continued service.
• Timeliness: Filing dated April 6 for April 2 transactions — this appears to be after the usual two-business-day Form 4 deadline.

Context

• RSUs are compensation that convert to shares on vesting; they are not an open-market purchase and are commonly used to retain executives. The 1/12-per-quarter vesting schedule means the full award vests over three years (quarterly).
• The withheld shares were used solely to cover taxes due at vesting (cashless withholding), which is a routine administrative action and does not necessarily signal the CEO buying or selling shares for investment reasons.