Rifat Kerim Akgonul - Mar 1, 2023 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
Mar 1, 2023
Transactions value $
-$68,367
Form type
4
Date filed
3/3/2023, 05:06 PM
Previous filing
Feb 21, 2023
Next filing
Mar 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +2.35K +4.65% $0.00 52.9K Mar 1, 2023 Direct F1
transaction PEGA Common stock Tax liability -$36.8K -793 -1.5% $46.38 52.2K Mar 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +1.77K +3.39% $0.00 53.9K Mar 1, 2023 Direct F2
transaction PEGA Common stock Tax liability -$23.9K -515 -0.96% $46.38 53.4K Mar 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +230 +0.43% $0.00 53.6K Mar 2, 2023 Direct F3
transaction PEGA Common stock Tax liability -$3.13K -68 -0.13% $46.03 53.6K Mar 2, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +334 +0.62% $0.00 53.9K Mar 3, 2023 Direct F4
transaction PEGA Common stock Tax liability -$4.57K -99 -0.18% $46.18 53.8K Mar 3, 2023 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 -2.35K -20% $0.00 9.4K Mar 1, 2023 Common stock 2.35K $0.00 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -1.77K -100% $0.00* 0 Mar 1, 2023 Common stock 1.77K $0.00 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -230 -7.67% $0.00 2.77K Mar 2, 2023 Common stock 230 $0.00 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -334 -11.1% $0.00 2.68K Mar 3, 2023 Common stock 334 $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 20% vesting on March 1, 2023. The original grant was 11,754 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents 100% vesting on March 1, 2023. The original grant was 1,770 restricted stock units, which were granted on March 1, 2022. As part of the Company's 2022 Corporate Incentive Compensation Plan (CICP), Mr. Akgonul elected to receive half of his annual bonus in RSUs.
F3 Represents a 5% vesting on March 2, 2023. 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.
F4 Represents a 5% vesting on March 3, 2023. 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.
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.