Kenneth Stillwell - 02 Sep 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Matthew J. Cushing, Attorney-in-Fact for Kenneth Stillwell
Issuer symbol
PEGA
Transactions as of
02 Sep 2022
Net transactions value
-$18,701
Form type
4
Filing time
07 Sep 2022, 18:27:54 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 +576 +4.6% $0.000000 13,140 02 Sep 2022 Direct F1
transaction PEGA Common stock Tax liability $5,186 -141 -1.1% $36.78 12,999 02 Sep 2022 Direct
transaction PEGA Common stock Options Exercise $0 +696 +5.4% $0.000000 13,695 06 Sep 2022 Direct F2
transaction PEGA Common stock Tax liability $6,062 -170 -1.2% $35.66 13,525 06 Sep 2022 Direct
transaction PEGA Common stock Options Exercise $0 +426 +3.1% $0.000000 13,951 06 Sep 2022 Direct F3
transaction PEGA Common stock Tax liability $3,709 -104 -0.75% $35.66 13,847 06 Sep 2022 Direct
transaction PEGA Common stock Options Exercise $0 +429 +3.1% $0.000000 14,276 06 Sep 2022 Direct F4
transaction PEGA Common stock Tax liability $3,744 -105 -0.74% $35.66 14,171 06 Sep 2022 Direct F5

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 -576 -6.7% $0.000000 8,069 02 Sep 2022 Common stock 576 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -696 -9.1% $0.000000 6,966 06 Sep 2022 Common stock 696 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -426 -33% $0.000000 853 06 Sep 2022 Common stock 426 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -429 -14% $0.000000 2,576 06 Sep 2022 Common stock 429 $0.000000 Direct F4, F6, F7
* 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 2, 2022. The original grant was 11,527 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 Represents a 5% vesting on September 3, 2022, with a release date of September 6, 2022, the first business day following vesting. The original grant was 13,931 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on September 5, 2022, with a release date of September 6, 2022, the first business day following vesting. The original grant was 8,524 restricted stock units, with 20% vesting on March 5, 2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Represents a 5% vesting on September 6, 2022. The original grant was 8,586 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F5 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F6 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F7 Once vested, the shares of common stock are not subject to expiration.