Rifat Kerim Akgonul - 01 Mar 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
Issuer symbol
PEGA
Transactions as of
01 Mar 2023
Net transactions value
-$68,367
Form type
4
Filing time
03 Mar 2023, 17:06:16 UTC
Previous filing
21 Feb 2023
Next filing
08 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 +2,351 +4.6% $0.000000 52,943 01 Mar 2023 Direct F1
transaction PEGA Common stock Tax liability $36,779 -793 -1.5% $46.38 52,150 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +1,770 +3.4% $0.000000 53,920 01 Mar 2023 Direct F2
transaction PEGA Common stock Tax liability $23,886 -515 -0.96% $46.38 53,405 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +230 +0.43% $0.000000 53,635 02 Mar 2023 Direct F3
transaction PEGA Common stock Tax liability $3,130 -68 -0.13% $46.03 53,567 02 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +334 +0.62% $0.000000 53,901 03 Mar 2023 Direct F4
transaction PEGA Common stock Tax liability $4,572 -99 -0.18% $46.18 53,802 03 Mar 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 -2,351 -20% $0.000000 9,403 01 Mar 2023 Common stock 2,351 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -1,770 -100% $0.000000* 0 01 Mar 2023 Common stock 1,770 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -230 -7.7% $0.000000 2,767 02 Mar 2023 Common stock 230 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -334 -11% $0.000000 2,675 03 Mar 2023 Common stock 334 $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 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.