Efstathios A. Kouninis - Mar 7, 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 7, 2023
Transactions value $
-$23,880
Form type
4
Date filed
3/9/2023, 04:57 PM
Previous filing
Mar 8, 2023
Next filing
May 19, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Sale -$23.9K -500 -19.16% $47.76 2.11K Mar 9, 2023 Direct F1

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 Award $0 +1.33K $0.00 1.33K Mar 7, 2023 Common stock 1.33K $0.00 Direct F2, F3, F4
transaction PEGA Restricted Stock Units Award $0 +2.66K $0.00 2.66K Mar 7, 2023 Common stock 2.66K $0.00 Direct F2, F4, F5
transaction PEGA Stock Options Award $0 +2.66K $0.00 2.66K Mar 7, 2023 Common stock 2.66K $47.27 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F2 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F3 Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 7, 2023. All RSUs vest 100% on March 7, 2024, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2023.
F4 Once vested, the shares of common stock are not subject to expiration.
F5 RSUs will vest 25% on March 7, 2024, with the remaining 75% vesting in equal quarterly installments over the remaining three years.
F6 Options will vest 25% on March 7, 2024, with the remaining 75% vesting in equal quarterly installments over the remaining three years, with all vesting subject to approval of the Pegasystems Inc. 2004 Long-Term Incentive Plan at the Company's 2023 annual meeting of shareholders.