Hayden Stafford - 03 Feb 2022 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 Feb 2022
Net transactions value
-$8,596
Form type
4
Filing time
04 Feb 2022, 16:00:47 UTC
Previous filing
05 Jan 2022
Next filing
04 Mar 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% $0.000000 8,195 03 Feb 2022 Direct F1
transaction PEGA Common stock Tax liability $8,596 -86 -1% $99.95 8,109 03 Feb 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 -318 -6.7% $0.000000 4,448 03 Feb 2022 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 February 3, 2022. The original grant was 6,356 restricted stock units. The remaining 70% 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 common stock.
F4 Once vested, the shares of common stock are not subject to expiration.