Efstathios A. Kouninis - 07 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
07 Sep 2021
Net transactions value
-$7,974
Form type
4
Filing time
09 Sep 2021, 16:37:17 UTC
Previous filing
03 Sep 2021
Next filing
13 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 +128 +4.9% $0.000000 2,753 07 Sep 2021 Direct F1
transaction PEGA Common stock Tax liability $4,556 -32 -1.2% $142.39 2,721 07 Sep 2021 Direct
transaction PEGA Common stock Options Exercise $0 +98 +3.6% $0.000000 2,819 07 Sep 2021 Direct F2
transaction PEGA Common stock Tax liability $3,417 -24 -0.85% $142.39 2,795 07 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 -128 -14% $0.000000 768 07 Sep 2021 Common stock 128 $0.000000 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -98 -9.1% $0.000000 976 07 Sep 2021 Common stock 98 $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 5, 2021, with a release date of September 7, 2021, the first business day following vesting. The original grant was 2,558 restricted stock units, with 20% vesting on March 5, 2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on September 6, 2021, with a release date of September 7, 2021, the first business day following vesting. The original grant was 1,952 restricted stock units, with 20% vesting on March 6, 2020, 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.