Efstathios A. Kouninis - Jun 3, 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Efstathios A. Kouninis
Stock symbol
PEGA
Transactions as of
Jun 3, 2022
Transactions value $
-$3,978
Form type
4
Date filed
6/7/2022, 09:09 PM
Previous filing
Jun 3, 2022
Next filing
Aug 16, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +77 +2.74% $0.00 2.89K Jun 3, 2022 Direct F1
transaction PEGA Common stock Tax liability -$1.04K -19 -0.66% $54.73 2.87K Jun 3, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +128 +4.46% $0.00 3K Jun 6, 2022 Direct F2
transaction PEGA Common stock Tax liability -$1.68K -32 -1.07% $52.47 2.97K Jun 6, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +98 +3.3% $0.00 3.07K Jun 6, 2022 Direct F3
transaction PEGA Common stock Tax liability -$1.26K -24 -0.78% $52.47 3.04K Jun 6, 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 Options Exercise $0 -77 -8.37% $0.00 843 Jun 3, 2022 Common stock 77 $0.00 Direct F1, F5, F6
transaction PEGA Stock Options Award $0 +10.4K $0.00 10.4K Jun 5, 2022 Common stock 10.4K $52.47 Direct F7
transaction PEGA Restricted Stock Units Options Exercise $0 -128 -25% $0.00 384 Jun 6, 2022 Common stock 128 $0.00 Direct F2, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -98 -12.55% $0.00 683 Jun 6, 2022 Common stock 98 $0.00 Direct F3, F5, F6
* 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 3, 2022. The original grant was 1,533 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on June 5, 2022, with a release date of June 6, 2022, the first business day following vesting. The original grant was 2,558 restricted stock units, with 20% vesting on March 5,2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on June 6, 2022. The original grant was 1,952 restricted stock units, with 20% vesting on March 6, 2020, and 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 Once vested, the shares of common stock are not subject to expiration.
F7 Options will vest 33% on June 5, 2023, with the remaining 66% vesting in equal quarterly installments over the remaining two years.