TREFLER ALAN - 05 Jun 2023 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
C.E.O. & Chairman, 10%+ Owner
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Alan Trefler
Issuer symbol
PEGA
Transactions as of
05 Jun 2023
Net transactions value
-$47,314
Form type
4
Filing time
07 Jun 2023, 17:58:42 UTC
Previous filing
05 Jun 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 +1,393 +0% $0.000000 32,270,623 05 Jun 2023 Direct F1
transaction PEGA Common stock Tax liability $19,460 -409 -0% $47.58 32,270,214 05 Jun 2023 Direct
transaction PEGA Common stock Options Exercise $0 +1,951 +0.01% $0.000000 32,272,165 06 Jun 2023 Direct F2
transaction PEGA Common stock Tax liability $27,854 -573 -0% $48.61 32,271,592 06 Jun 2023 Direct F3
holding PEGA Common stock 7,500,000 05 Jun 2023 Alan N. Trefler Grantor Retained Annuity Trust I of 2022

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 -1,393 -12% $0.000000 9,752 05 Jun 2023 Common stock 0 $0.000000 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -1,951 -25% $0.000000 5,854 06 Jun 2023 Common stock 0 $0.000000 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 June 3, 2023, with a release date of June 5, 2023, the first business day following vesting. The original grant was 27,862 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on June 6, 2023. The original grant was 39,026 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.