Efstathios A. Kouninis - 02 Dec 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Efstathios A. Kouninis
Issuer symbol
PEGA
Transactions as of
02 Dec 2022
Net transactions value
-$3,225
Form type
4
Filing time
06 Dec 2022, 16:22:00 UTC
Previous filing
04 Nov 2022
Next filing
03 Mar 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 +53 +4% $0.000000 1,362 02 Dec 2022 Direct F1
transaction PEGA Common stock Tax liability $486 -13 -0.95% $37.40 1,349 02 Dec 2022 Direct
transaction PEGA Common stock Options Exercise $0 +77 +5.7% $0.000000 1,426 05 Dec 2022 Direct F2
transaction PEGA Common stock Tax liability $703 -19 -1.3% $36.98 1,407 05 Dec 2022 Direct
transaction PEGA Common stock Options Exercise $0 +128 +9.1% $0.000000 1,535 05 Dec 2022 Direct F3
transaction PEGA Common stock Tax liability $1,183 -32 -2.1% $36.98 1,503 05 Dec 2022 Direct
transaction PEGA Common stock Options Exercise $0 +98 +6.5% $0.000000 1,601 06 Dec 2022 Direct F4
transaction PEGA Common stock Tax liability $853 -24 -1.5% $35.54 1,577 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 -53 -7.2% $0.000000 687 02 Dec 2022 Common stock 53 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -77 -10% $0.000000 690 05 Dec 2022 Common stock 77 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -128 -50% $0.000000 128 05 Dec 2022 Common stock 128 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -98 -17% $0.000000 488 06 Dec 2022 Common stock 98 $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 1,057 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 December 3, 2022, with a release date of December 5, 2022, the first business day following vesting. The original grant was 1,533 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 2,558 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 1,952 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.