Efstathios A. Kouninis - 02 Sep 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Efstathios A. Kouninis
Issuer symbol
PEGA
Transactions as of
02 Sep 2021
Net transactions value
-$8,605
Form type
4
Filing time
03 Sep 2021, 16:50:09 UTC
Previous filing
30 Aug 2021
Next filing
09 Sep 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 +171 +7% $0.000000 2,609 02 Sep 2021 Direct F1
transaction PEGA Common stock Tax liability $5,926 -42 -1.6% $141.10 2,567 02 Sep 2021 Direct
transaction PEGA Common stock Options Exercise $0 +77 +3% $0.000000 2,644 03 Sep 2021 Direct F2
transaction PEGA Common stock Tax liability $2,679 -19 -0.72% $141.01 2,625 03 Sep 2021 Direct F3

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 -171 -33% $0.000000 341 02 Sep 2021 Common stock 171 $0.000000 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -77 -6.7% $0.000000 1,073 03 Sep 2021 Common stock 77 $0.000000 Direct F2, F4, F5
* 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 September 2, 2021. The original grant was 3,410 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on September 3, 2021. The original grant 1,533 restricted stock units, with 20% on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 Once vested, the shares of common stock are not subject to expiration.