Hayden Stafford - Jan 3, 2022 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
Jan 3, 2022
Transactions value $
-$53,450
Form type
4
Date filed
1/5/2022, 03:46 PM
Previous filing
Nov 5, 2021
Next filing
Feb 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +1.47K +21.35% $0.00 8.36K Jan 3, 2022 Direct F1
transaction PEGA Common stock Tax liability -$53.4K -478 -5.72% $111.82 7.88K Jan 3, 2022 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 -6.67% $0.00 20.6K Jan 3, 2022 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 January 1, 2022, with a release date of January 3, 2022, the first business day following vesting. The original grant was 29,404 restricted stock units. The remaining 70% 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 Upon vesting becomes common stock. Common stock is not subject to expiration.