Efstathios A. Kouninis - Mar 1, 2023 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
Stock symbol
PEGA
Transactions as of
Mar 1, 2023
Transactions value $
-$17,150
Form type
4
Date filed
3/3/2023, 05:16 PM
Previous filing
Dec 6, 2022
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 +411 +26.06% $0.00 1.99K Mar 1, 2023 Direct F1
transaction PEGA Common stock Tax liability -$5.66K -122 -6.14% $46.38 1.87K Mar 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +704 +37.73% $0.00 2.57K Mar 1, 2023 Direct F2
transaction PEGA Common stock Tax liability -$9.69K -209 -8.13% $46.38 2.36K Mar 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +53 +2.24% $0.00 2.41K Mar 2, 2023 Direct F3
transaction PEGA Common stock Tax liability -$736 -16 -0.66% $46.03 2.4K Mar 2, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +77 +3.21% $0.00 2.48K Mar 3, 2023 Direct F4
transaction PEGA Common stock Tax liability -$1.06K -23 -0.93% $46.18 2.45K 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 -411 -19.98% $0.00 1.65K Mar 1, 2023 Common stock 411 $0.00 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -704 -100% $0.00* 0 Mar 1, 2023 Common stock 704 $0.00 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -53 -7.71% $0.00 634 Mar 2, 2023 Common stock 53 $0.00 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -77 -11.16% $0.00 613 Mar 3, 2023 Common stock 77 $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 2,057 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 704 restricted stock units, which were granted on March 1, 2022. As part of the Company's 2022 Corporate Incentive Compensation Plan (CICP), Mr. Kouninis elected to receive half of his annual bonus in RSUs.
F3 Represents a 5% vesting on March 2, 2023. 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
F4 Represents a 5% vesting on March 3, 2023. 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.
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.