Efstathios A. Kouninis - 01 Mar 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
Issuer symbol
PEGA
Transactions as of
01 Mar 2023
Net transactions value
-$17,150
Form type
4
Filing time
03 Mar 2023, 17:16:33 UTC
Previous filing
06 Dec 2022
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 +411 +26% $0.000000 1,988 01 Mar 2023 Direct F1
transaction PEGA Common stock Tax liability $5,658 -122 -6.1% $46.38 1,866 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +704 +38% $0.000000 2,570 01 Mar 2023 Direct F2
transaction PEGA Common stock Tax liability $9,693 -209 -8.1% $46.38 2,361 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +53 +2.2% $0.000000 2,414 02 Mar 2023 Direct F3
transaction PEGA Common stock Tax liability $736 -16 -0.66% $46.03 2,398 02 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +77 +3.2% $0.000000 2,475 03 Mar 2023 Direct F4
transaction PEGA Common stock Tax liability $1,062 -23 -0.93% $46.18 2,452 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 -411 -20% $0.000000 1,646 01 Mar 2023 Common stock 411 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -704 -100% $0.000000* 0 01 Mar 2023 Common stock 704 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -53 -7.7% $0.000000 634 02 Mar 2023 Common stock 53 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -77 -11% $0.000000 613 03 Mar 2023 Common stock 77 $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 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.