Rifat Kerim Akgonul - 02 Dec 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
Issuer symbol
PEGA
Transactions as of
02 Dec 2022
Net transactions value
-$13,422
Form type
4
Filing time
06 Dec 2022, 16:18:58 UTC
Previous filing
04 Nov 2022
Next filing
21 Feb 2023
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 +231 +0.45% $0.000000 51,573 02 Dec 2022 Direct F1
transaction PEGA Common stock Tax liability $2,543 -68 -0.13% $37.40 51,505 02 Dec 2022 Direct
transaction PEGA Common stock Options Exercise $0 +335 +0.65% $0.000000 51,840 05 Dec 2022 Direct F2
transaction PEGA Common stock Tax liability $3,661 -99 -0.19% $36.98 51,741 05 Dec 2022 Direct
transaction PEGA Common stock Options Exercise $0 +341 +0.66% $0.000000 52,082 05 Dec 2022 Direct F3
transaction PEGA Common stock Tax liability $3,735 -101 -0.19% $36.98 51,981 05 Dec 2022 Direct
transaction PEGA Common stock Options Exercise $0 +331 +0.64% $0.000000 52,312 06 Dec 2022 Direct F4
transaction PEGA Common stock Tax liability $3,483 -98 -0.19% $35.54 52,214 06 Dec 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 -7.2% $0.000000 2,997 02 Dec 2022 Common stock 231 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -335 -10% $0.000000 3,009 05 Dec 2022 Common stock 335 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -341 -50% $0.000000 341 05 Dec 2022 Common stock 341 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -331 -17% $0.000000 1,659 06 Dec 2022 Common stock 331 $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 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.