Efstathios A. Kouninis - Jun 2, 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Efstathios A. Kouninis
Stock symbol
PEGA
Transactions as of
Jun 2, 2022
Transactions value $
-$653
Form type
4
Date filed
6/3/2022, 05:28 PM
Previous filing
Mar 9, 2022
Next filing
Jun 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +53 +1.91% $0.00 2.83K Jun 2, 2022 Direct F1
transaction PEGA Common stock Tax liability -$653 -13 -0.46% $50.26 2.82K Jun 2, 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 -53 -6.26% $0.00 793 Jun 2, 2022 Common stock 53 $0.00 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 June 2, 2022. The original grant was 1,057 restricted stock units, with 20% vesting on March 2, 2022, with 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.