Efstathios A. Kouninis - Sep 2, 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
Stock symbol
PEGA
Transactions as of
Sep 2, 2021
Transactions value $
-$8,605
Form type
4
Date filed
9/3/2021, 04:50 PM
Previous filing
Aug 30, 2021
Next filing
Sep 9, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +171 +7.01% $0.00 2.61K Sep 2, 2021 Direct F1
transaction PEGA Common stock Tax liability -$5.93K -42 -1.61% $141.10 2.57K Sep 2, 2021 Direct
transaction PEGA Common stock Options Exercise $0 +77 +3% $0.00 2.64K Sep 3, 2021 Direct F2
transaction PEGA Common stock Tax liability -$2.68K -19 -0.72% $141.01 2.63K Sep 3, 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 -33.4% $0.00 341 Sep 2, 2021 Common stock 171 $0.00 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -77 -6.7% $0.00 1.07K Sep 3, 2021 Common stock 77 $0.00 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.