TREFLER ALAN - 02 Dec 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
C.E.O. & Chairman, 10%+ Owner
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Alan Trefler
Issuer symbol
PEGA
Transactions as of
02 Dec 2022
Net transactions value
-$74,351
Form type
4
Filing time
06 Dec 2022, 16:33:57 UTC
Previous filing
07 Sep 2022
Next filing
14 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 +1,249 +0% $0.000000 32,306,888 02 Dec 2022 Direct F1
transaction PEGA Common stock Tax liability $20,720 -554 -0% $37.40 32,306,334 02 Dec 2022 Direct
transaction PEGA Common stock Options Exercise $0 +1,393 +0% $0.000000 32,307,727 05 Dec 2022 Direct F2
transaction PEGA Common stock Tax liability $22,854 -618 -0% $36.98 32,307,109 05 Dec 2022 Direct
transaction PEGA Common stock Options Exercise $0 +1,952 +0.01% $0.000000 32,309,061 06 Dec 2022 Direct F3
transaction PEGA Common stock Tax liability $30,778 -866 -0% $35.54 32,308,195 06 Dec 2022 Direct F4
holding PEGA Common stock 7,500,000 02 Dec 2022 Alan N. Trefler Grantor Retained Annuity Trust I of 2022

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 -1,249 -7.1% $0.000000 16,234 02 Dec 2022 Common stock 1,249 $0.000000 Direct F1, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -1,393 -10% $0.000000 12,538 05 Dec 2022 Common stock 1,393 $0.000000 Direct F2, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -1,952 -17% $0.000000 9,756 06 Dec 2022 Common stock 1,952 $0.000000 Direct F3, F5, F6
* 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 24,976 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 27,862 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 6, 2022. The original grant was 39,026 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Does not include shares of common stock subject to unvested restricted stock units and/or options awards. Reflects establishment of Alan N. Trefler Grantor Retained Annuity Trust I of 2022 on September 12, 2022.
F5 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F6 Once vested, the shares of common stock are not subject to expiration.