Hayden Stafford - Nov 3, 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
President
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Hayden Stafford
Stock symbol
PEGA
Transactions as of
Nov 3, 2021
Transactions value $
-$16,793
Form type
4
Date filed
11/5/2021, 04:45 PM
Previous filing
Oct 5, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +318 +4.74% $0.00 7.02K Nov 3, 2021 Direct F1
transaction PEGA Common stock Tax liability -$16.8K -137 -1.95% $122.58 6.89K Nov 3, 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 -6.25% $0.00 4.77K Nov 3, 2021 Common stock 318 $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 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.