Leon Trefler - 01 Mar 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief of Clients and Markets
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Leon Trefler
Issuer symbol
PEGA
Transactions as of
01 Mar 2022
Net transactions value
-$37,122
Form type
4
Filing time
03 Mar 2022, 18:06:18 UTC
Previous filing
03 Mar 2022
Next filing
09 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 +370 +1.8% $0.000000 20,390 02 Mar 2022 Direct F1
transaction PEGA Common stock Tax liability $9,309 -109 -0.53% $85.40 20,281 02 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $0 +769 +3.8% $0.000000 21,050 02 Mar 2022 Direct F2
transaction PEGA Common stock Tax liability $19,300 -226 -1.1% $85.40 20,824 02 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $0 +335 +1.6% $0.000000 21,159 03 Mar 2022 Direct F3
transaction PEGA Common stock Tax liability $8,513 -99 -0.47% $85.99 21,060 03 Mar 2022 Direct F4

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 Award $0 +11,754 $0.000000 11,754 01 Mar 2022 Common stock 11,754 $0.000000 Direct F5, F6, F7
transaction PEGA Stock Options Award $0 +36,928 $0.000000 36,928 01 Mar 2022 Common stock 36,928 $85.40 Direct F8
transaction PEGA Restricted Stock Units Options Exercise $0 -370 -100% $0.000000* 0 02 Mar 2022 Common stock 370 $0.000000 Direct F1, F5, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -769 -20% $0.000000 3,074 02 Mar 2022 Common stock 769 $0.000000 Direct F2, F5, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -335 -7.7% $0.000000 4,012 03 Mar 2022 Common stock 335 $0.000000 Direct F3, F5, F7
* 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 March 2, 2022. The original grant was 7,387 restricted stock units, with 20% vesting on March 2, 2018, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 20% vesting on March 2, 2022. The original grant was 3,843 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on March 3, 2022. The original grant was 6,687 restricted stock units, with 20% vesting on March 3, 2021, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F5 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F6 RSUs will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F7 Once vested, the shares of common stock are not subject to expiration.
F8 Options will vest 20% on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.