Hayden Stafford - 01 Jul 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
President
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Hayden Stafford
Issuer symbol
PEGA
Transactions as of
01 Jul 2021
Net transactions value
-$57,068
Form type
4
Filing time
06 Jul 2021, 16:44:51 UTC
Previous filing
16 Jul 2021
Next filing
04 Aug 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +1,471 +32% $0.000000 6,093 01 Jul 2021 Direct F1
transaction PEGA Common stock Tax liability $57,068 -410 -6.7% $139.19 5,683 01 Jul 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 -1,471 -5.9% $0.000000 23,520 01 Jul 2021 Common stock 1,471 $0.000000 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 July 1, 2021. The original grant was 29,404 restricted stock units. The remaining 80% will vest in 5% quarterly installments, until the grant is fully vested July 1, 2025.
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.