Hayden Stafford - 03 Nov 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role: President
Signature: /s/ Jenna L. Burstyn, Attorney-in-Fact for Hayden Stafford
Issuer symbol: PEGA
Transactions as of: 03 Nov 2021
Net transactions value: -$16,793
Form type: 4
Filing time: 05 Nov 2021, 16:45:54 UTC
Previous filing: 05 Oct 2021
Next filing: 05 Jan 2022
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	+318	+4.7%	$0.000000	7,022	03 Nov 2021	Direct	F1
transaction	PEGA	Common stock	Tax liability	$16,793	-137	-2%	$122.58	6,885	03 Nov 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	-318	-6.3%	$0.000000	4,766	03 Nov 2021	Common stock	318	$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 November 3, 2021. The original grant was 6,356 restricted stock units. The remaining 75% will vest in 5% quarterly installments, until the grant is depleted August 3, 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.