John Gerard Higgins - 01 Jun 2023 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief, Client &Partner Success
Signature
s/ Jenna L. Burstyn, Attorney-in-Fact for John Gerard Higgins
Issuer symbol
PEGA
Transactions as of
01 Jun 2023
Net transactions value
-$31,337
Form type
4
Filing time
05 Jun 2023, 17:11:52 UTC
Previous filing
09 Mar 2023
Next filing
06 Sep 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 +460 +10% $0.000000 4,922 01 Jun 2023 Direct F1
transaction PEGA Common stock Tax liability $12,429 -257 -5.2% $48.36 4,665 01 Jun 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +2% $0.000000 4,757 01 Jun 2023 Direct F2
transaction PEGA Common stock Tax liability $2,515 -52 -1.1% $48.36 4,705 01 Jun 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +2% $0.000000 4,797 01 Jun 2023 Direct F3
transaction PEGA Common stock Tax liability $2,515 -52 -1.1% $48.36 4,745 01 Jun 2023 Direct
transaction PEGA Common stock Options Exercise $0 +514 +11% $0.000000 5,259 01 Jun 2023 Direct F4
transaction PEGA Common stock Tax liability $13,879 -287 -5.5% $48.36 4,972 01 Jun 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 -460 -8.3% $0.000000 5,060 01 Jun 2023 Common stock 0 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -8.3% $0.000000 1,013 01 Jun 2023 Common stock 0 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -6.2% $0.000000 1,383 01 Jun 2023 Common stock 0 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -514 -6.2% $0.000000 7,714 01 Jun 2023 Common stock 0 $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 5% vesting on June 1, 2023. The original grant was 9,207 restricted stock units with 5% vesting on June 1, 2021, with the remaining 95% vesting in 5% quarterly installments.
F2 Represents a 5% vesting on June 1, 2023. The original grant was 1,842 restricted stock units with 20% vesting on March 1, 2022 with the remaining 80% vesting in 5% equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on June 1, 2023. The original grant was 1,844 restricted stock units with 20% vesting on March 1, 2023 with the remaining 80% vesting in 5% equal quarterly installments over the remaining four years.
F4 Represents a 5% vesting on June 1, 2023. The original grant was 10,285 restricted stock units, with 20% vesting on March 1, 2023 with the remaining 80% vesting in 5% 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. Includes shares acquired on March 31, 2023 pursuant to the company's employee stock purchase plan.
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.