Leon Trefler - Mar 1, 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
Stock symbol
PEGA
Transactions as of
Mar 1, 2022
Transactions value $
-$37,122
Form type
4
Date filed
3/3/2022, 06:06 PM
Previous filing
Mar 3, 2022
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +370 +1.85% $0.00 20.4K Mar 2, 2022 Direct F1
transaction PEGA Common stock Tax liability -$9.31K -109 -0.53% $85.40 20.3K Mar 2, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +769 +3.79% $0.00 21.1K Mar 2, 2022 Direct F2
transaction PEGA Common stock Tax liability -$19.3K -226 -1.07% $85.40 20.8K Mar 2, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +335 +1.61% $0.00 21.2K Mar 3, 2022 Direct F3
transaction PEGA Common stock Tax liability -$8.51K -99 -0.47% $85.99 21.1K Mar 3, 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 +11.8K $0.00 11.8K Mar 1, 2022 Common stock 11.8K $0.00 Direct F5, F6, F7
transaction PEGA Stock Options Award $0 +36.9K $0.00 36.9K Mar 1, 2022 Common stock 36.9K $85.40 Direct F8
transaction PEGA Restricted Stock Units Options Exercise $0 -370 -100% $0.00* 0 Mar 2, 2022 Common stock 370 $0.00 Direct F1, F5, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -769 -20.01% $0.00 3.07K Mar 2, 2022 Common stock 769 $0.00 Direct F2, F5, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -335 -7.71% $0.00 4.01K Mar 3, 2022 Common stock 335 $0.00 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.