Hayden Stafford - 01 Oct 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role: President
Signature: /s/ Donald L. Lancaster, Attorney-in-Fact for Hayden Stafford
Issuer symbol: PEGA
Transactions as of: 01 Oct 2021
Net transactions value: -$80,073
Form type: 4
Filing time: 05 Oct 2021, 16:39:14 UTC
Previous filing: 04 Aug 2021
Next filing: 05 Nov 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	+1,470	+25%	$0.000000	7,334	01 Oct 2021	Direct	F1
transaction	PEGA	Common stock	Tax liability	$80,073	-630	-8.6%	$127.10	6,704	01 Oct 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	-1,470	-6.2%	$0.000000	22,050	01 Oct 2021	Common stock	1,470	$0.000000	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.