Rifat Kerim Akgonul - Dec 2, 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Product Officer
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Rifat Kerim Akgonul
Stock symbol
PEGA
Transactions as of
Dec 2, 2022
Transactions value $
-$13,422
Form type
4
Date filed
12/6/2022, 04:18 PM
Previous filing
Nov 4, 2022
Next filing
Feb 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +231 +0.45% $0.00 51.6K Dec 2, 2022 Direct F1
transaction PEGA Common stock Tax liability -$2.54K -68 -0.13% $37.40 51.5K Dec 2, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +335 +0.65% $0.00 51.8K Dec 5, 2022 Direct F2
transaction PEGA Common stock Tax liability -$3.66K -99 -0.19% $36.98 51.7K Dec 5, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +341 +0.66% $0.00 52.1K Dec 5, 2022 Direct F3
transaction PEGA Common stock Tax liability -$3.73K -101 -0.19% $36.98 52K Dec 5, 2022 Direct
transaction PEGA Common stock Options Exercise $0 +331 +0.64% $0.00 52.3K Dec 6, 2022 Direct F4
transaction PEGA Common stock Tax liability -$3.48K -98 -0.19% $35.54 52.2K Dec 6, 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 -231 -7.16% $0.00 3K Dec 2, 2022 Common stock 231 $0.00 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -335 -10.02% $0.00 3.01K Dec 5, 2022 Common stock 335 $0.00 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -341 -50% $0.00 341 Dec 5, 2022 Common stock 341 $0.00 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -331 -16.63% $0.00 1.66K Dec 6, 2022 Common stock 331 $0.00 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 December 2, 2022. The original grant was 4,611 restricted stock units, with a 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 December 3, 2022, with a release date of December 5, 2022, the first business day following vesting. The original grant was 6,687 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 December 5, 2022. The original grant was 6,819 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 December 6, 2022. The original grant was 6,635 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.