TREFLER ALAN - 07 Mar 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role: C.E.O. & Chairman, 10%+ Owner
Signature: /s/ Jenna L. Burstyn, Attorney-in-Fact for Alan Trefler
Issuer symbol: PEGA
Transactions as of: 07 Mar 2022
Net transactions value: -$47,106
Form type: 4
Filing time: 09 Mar 2022, 15:52:43 UTC
Previous filing: 03 Mar 2022
Next filing: 03 Jun 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	+1,952	+0%	$0.000000	39,801,102	07 Mar 2022	Direct	F1
transaction	PEGA	Common stock	Tax liability	$47,106	-573	-0%	$82.21	39,800,529	07 Mar 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	-1,952	-11%	$0.000000	15,610	07 Mar 2022	Common stock	1,952	$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 March 6, 2022, with a release date of March 7, 2022, the first business day following vesting. The original grant was 39,026 restricted stock units, with 20% vesting on March 6,2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
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	Once vested, the shares of common stock are not subject to expiration.