Leon Trefler - Nov 2, 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief of Clients and Markets
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Leon Trefler
Stock symbol
PEGA
Transactions as of
Nov 2, 2022
Transactions value $
-$109,791
Form type
4
Date filed
11/4/2022, 06:02 PM
Previous filing
Sep 7, 2022
Next filing
Dec 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $119K +10.8K +45.98% $11.05 34.1K Nov 2, 2022 Direct
transaction PEGA Common stock Tax liability -$229K -6.71K -19.66% $34.06 27.4K Nov 2, 2022 Direct F1, 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 Stock Options Award $0 +98.7K $0.00 98.7K Nov 2, 2022 Common stock 98.7K $33.90 Direct F3
transaction PEGA Stock Options Options Exercise $0 -10.8K -100% $0.00* 0 Nov 2, 2022 Common stock 10.8K $11.05 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of the stock options referenced in Table II and Mr. Trefler's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 Options will vest in equal quarterly installments over a four year period with the first vest occurring on February 2, 2023.
F4 Options vested 20% on December 12, 2013, with the remaining 80% vesting in equal quarterly installments over the next four years.