Kenneth Stillwell - Aug 24, 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Kenneth Stillwell
Stock symbol
PEGA
Transactions as of
Aug 24, 2021
Transactions value $
-$524,098
Form type
4
Date filed
8/26/2021, 04:42 PM
Previous filing
Aug 10, 2021
Next filing
Sep 3, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $69.4K +2.5K +34.04% $27.74 9.84K Aug 24, 2021 Direct
transaction PEGA Common stock Tax liability -$186K -1.4K -14.21% $133.13 8.45K Aug 24, 2021 Direct F1
transaction PEGA Common stock Sale -$147K -1.1K -13.04% $133.10 7.34K Aug 24, 2021 Direct
transaction PEGA Common stock Options Exercise $155K +5.58K +75.93% $27.74 12.9K Aug 24, 2021 Direct
transaction PEGA Common stock Tax liability -$415K -3.12K -24.15% $133.12 9.8K Aug 24, 2021 Direct F1, 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 Stock Options Options Exercise $0 -2.5K -30.96% $0.00 5.58K Aug 24, 2021 Common stock 2.5K $27.74 Direct F3
transaction PEGA Stock Options Options Exercise $0 -5.58K -100% $0.00* 0 Aug 24, 2021 Common stock 5.58K $27.74 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of the stock options referenced in Table II and Mr. Stillwell's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 Options vested 20% on August 1, 2017, with the remaining 80% vesting in equal quarterly amounts.