Leon Trefler - 07 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
07 Mar 2022
Net transactions value
-$18,251
Form type
4
Filing time
09 Mar 2022, 15:55:29 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 +362 +1.7% $0.000000 21,422 07 Mar 2022 Direct F1
transaction PEGA Common stock Tax liability $8,796 -107 -0.5% $82.21 21,315 07 Mar 2022 Direct
transaction PEGA Common stock Options Exercise $0 +391 +1.8% $0.000000 21,706 07 Mar 2022 Direct F2
transaction PEGA Common stock Tax liability $9,454 -115 -0.53% $82.21 21,591 07 Mar 2022 Direct F3

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 -362 -20% $0.000000 1,450 07 Mar 2022 Common stock 362 $0.000000 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -391 -11% $0.000000 3,122 07 Mar 2022 Common stock 391 $0.000000 Direct F2, F4, F5
* 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 5, 2022, with a release date of March 7, 2022, the first business day following vesting. The original grant was 7,246 restricted stock units, with 20% vesting on March 5, 2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years
F2 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 7,806 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 Once vested, shares of common stock are not subject to expiration.