Hayden Stafford - Oct 1, 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
President
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Hayden Stafford
Stock symbol
PEGA
Transactions as of
Oct 1, 2021
Transactions value $
-$80,073
Form type
4
Date filed
10/5/2021, 04:39 PM
Previous filing
Aug 4, 2021
Next filing
Nov 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +1.47K +25.07% $0.00 7.33K Oct 1, 2021 Direct F1
transaction PEGA Common stock Tax liability -$80.1K -630 -8.59% $127.10 6.7K Oct 1, 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 -1.47K -6.25% $0.00 22.1K Oct 1, 2021 Common stock 1.47K $0.00 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 October 1, 2021. The original grant was 29,404 restricted stock units. The remaining 75% 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.