TREFLER ALAN - 03 Jun 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
03 Jun 2022
Net transactions value
-$79,262
Form type
4
Filing time
07 Jun 2022, 21:13:07 UTC
Previous filing
03 Jun 2022
Next filing
07 Sep 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 +1,393 +0% $0.000000 39,802,617 03 Jun 2022 Direct F1
transaction PEGA Common stock Tax liability $33,823 -618 -0% $54.73 39,801,999 03 Jun 2022 Direct
transaction PEGA Common stock Options Exercise $0 +1,951 +0% $0.000000 39,803,950 06 Jun 2022 Direct F2
transaction PEGA Common stock Tax liability $45,439 -866 -0% $52.47 39,803,084 06 Jun 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 -1,393 -8.3% $0.000000 15,324 03 Jun 2022 Common stock 1,393 $0.000000 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -1,951 -12% $0.000000 13,659 06 Jun 2022 Common stock 1,951 $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 June 3, 2022. The original grant was 27,862 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 6, 2022. 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.
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, the shares of common stock are not subject to expiration.