Rifat Kerim Akgonul - Mar 6, 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 6, 2023
Transactions value $
-$9,494
Form type
4
Date filed
3/8/2023, 03:31 PM
Previous filing
Mar 3, 2023
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +341 +0.63% $0.00 54.1K Mar 6, 2023 Direct F1
transaction PEGA Common stock Tax liability -$4.8K -101 -0.19% $47.52 54K Mar 6, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +332 +0.61% $0.00 54.4K Mar 6, 2023 Direct F2
transaction PEGA Common stock Tax liability -$4.69K -98 -0.18% $47.90 54.3K Mar 6, 2023 Direct F3

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 -341 -100% $0.00* 0 Mar 6, 2023 Common stock 341 $0.00 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -332 -20.01% $0.00 1.33K Mar 6, 2023 Common stock 332 $0.00 Direct F2, F4, F5
* 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 March 5, 2023, with a release date of March 6, 2023, the first business day following the vesting. The original grant was 6,819 restricted stock units, with 20% vesting on March 5, 2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on March 6, 2023. The original grant was 6,635 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 Once vested, the shares of common stock are not subject to expiration.