| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PEGA | Common stock | Other | $57.3K | +1.22K | +9.26% | $47.16 | 14.3K | May 24, 2022 | Patricia Jones Revocable Trust | F1 |
| transaction | PEGA | Common stock | Other | $3.72M | +75K | +21.27% | $49.54 | 428K | May 27, 2022 | Richard H. Jones Revocable Trust | F2 |
| holding | PEGA | Common stock | 17.2K | May 24, 2022 | Direct | ||||||
| holding | PEGA | Common stock | 85.6K | May 24, 2022 | Patricia Jones Cornerstone Trust | ||||||
| holding | PEGA | Common stock | 75K | May 24, 2022 | Richard H. Jones, Sr. 2022-A Grantor Retained Annuity Trust | F3 | |||||
| holding | PEGA | Common stock | 353K | May 24, 2022 | Richard H. Jones Revocable Trust | F3 |
| Id | Content |
|---|---|
| F1 | On May 24, 2022, the Patricia Jones Cornerstone Trust ("Cornerstone Trust"), a trust established for the benefit of Mrs. Jones' family, swapped 1,215 shares of Pega stock with a value of $57,293.33 in exchange for the equivalent amount of cash from the Patricia Jones Revocable Trust. The withdrawal of shares from the Cornerstone Trust resulted in a decrease in the number of shares held by the Cornerstone Trust and a corresponding increase in the number of shares held by the Patricia Jones Revocable Trust. The reporting person believes that these transactions constitute exempted transactions by Rule 16a-13 under the Securities Exchange Act of 1934. |
| F2 | On May 27, 2022, the Richard H. Jones Revocable Trust withdrew 75,000 shares of Pegasystems common stock from the Richard H Jones, Sr. 2022 Grantor Retained Annuity Trust ("2022 GRAT"), a grantor retained annuity trust previously established by the Richard H. Jones Revocable Trust on March 17, 2022, in exchange for a promissory note in the principal amount of $3,730,500. The withdrawal from the 2022 GRAT resulted in a decrease in the number of shares Mr. Jones owns indirectly through the 2022 GRAT and a corresponding increase in the number of shares Mr. Jones beneficially owns indirectly through the Richard H. Jones Revocable Trust. The reporting person believes that his withdrawal of shares from the 2022 GRAT constitutes a transaction exempted by Rule 16a-13 under the Securities Exchange Act of 1934. |
| F3 | On May 31, 2022, after giving effect to the transactions described in footnote 2 above, the Richard H. Jones Revocable Trust contributed 75,000 shares of Pegasystems common stock to the Richard H. Jones, Sr. 2022-A Grantor Retained Annuity Trust, a grantor retained annuity trust established on May 31, 2022 by the Richard H. Jones Revocable Trust for the benefit of the reporting person (the "2022-A GRAT"). The reporting person is the sole trustee and sole annuitant of the 2022-A GRAT and, therefore, the reporting person believes that this transaction is exempted by Rule 16a-13 under the Securities Exchange Act of 1934. |