Michael R. Pyle - Jun 7, 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Technology Strategist
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Michael R. Pyle
Stock symbol
PEGA
Transactions as of
Jun 7, 2021
Transactions value $
-$11,026
Form type
4
Date filed
6/9/2021, 05:00 PM
Previous filing
Jun 3, 2021
Next filing
Jul 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +312 +2.45% $0.00 13.1K Jun 7, 2021 Direct F1
transaction PEGA Common stock Tax liability -$11K -92 -0.7% $119.85 13K Jun 7, 2021 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PEGA Restricted Stock Units Options Exercise $0 -312 -12.51% $0.00 2.18K Jun 7, 2021 Common stock 312 $0.00 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a 5% vesting on June 6, 2021, with a release date on June 7, 2021, the first business day following the vesting. The original grant was 4,681 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F4 Once vested, the shares of common stock are not subject to expiration.