John Gerard Higgins - 01 Sep 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief, Client &Partner Success
Signature
s/ Jenna L. Burstyn, Attorney-in-Fact for John Gerard Higgins
Issuer symbol
PEGA
Transactions as of
01 Sep 2022
Net transactions value
-$11,349
Form type
4
Filing time
06 Sep 2022, 19:07:20 UTC
Previous filing
07 Jun 2022
Next filing
04 Nov 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 +461 +25% $0.000000 2,273 01 Sep 2022 Direct F1
transaction PEGA Common stock Tax liability $9,445 -258 -11% $36.61 2,015 01 Sep 2022 Direct
transaction PEGA Common stock Options Exercise $0 +92 +4.6% $0.000000 2,107 01 Sep 2022 Direct F2
transaction PEGA Common stock Tax liability $1,904 -52 -2.5% $36.61 2,055 01 Sep 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 -461 -6.7% $0.000000 6,441 01 Sep 2022 Common stock 461 $0.000000 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -6.7% $0.000000 1,289 01 Sep 2022 Common stock 92 $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 September 1, 2022. The original grant was 9,207 restricted stock units with 5% vesting on June 1, 2021, with the remaining 95% vesting in 5% quarterly installments.
F2 Represents a 5% vesting on September 1, 2022. The original grant was 1,842 restricted stock units with 20% vesting on March 1, 2022 with the remaining 80% vesting in 5% 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. Includes shares acquired on June 30, 2022 pursuant to the company's employee stock purchase plan.
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.