Efstathios A. Kouninis - Dec 8, 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Efstathios A. Kouninis
Stock symbol
PEGA
Transactions as of
Dec 8, 2021
Transactions value $
-$27,557
Form type
4
Date filed
12/10/2021, 03:39 PM
Previous filing
Dec 8, 2021
Next filing
Dec 15, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $8.55K +314 +11.54% $27.24 3.04K Dec 8, 2021 Direct
transaction PEGA Common stock Tax liability -$15.3K -133 -4.38% $115.00 2.9K Dec 8, 2021 Direct F1
transaction PEGA Common stock Sale -$20.8K -181 -6.24% $115.00 2.72K Dec 8, 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 Stock Options Options Exercise $0 -314 -100% $0.00* 0 Dec 8, 2021 Common stock 314 $27.24 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of the stock options referenced in Table II and Mr. Kouninis's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 Options vested 20% on September 12, 2017, with the remaining 80% vesting in equal quarterly installments over the next four years.