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

Role
Chief, Client &Partner Success
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for John Gerard Higgins
Issuer symbol
PEGA
Transactions as of
01 Sep 2023
Net transactions value
-$32,229
Form type
4
Filing time
06 Sep 2023, 19:02:50 UTC
Previous filing
05 Jun 2023
Next filing
05 Dec 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 +9.3% $0.000000 5,432 01 Sep 2023 Direct F1
transaction PEGA Common stock Tax liability $12,763 -257 -4.7% $49.66 5,175 01 Sep 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +1.8% $0.000000 5,267 01 Sep 2023 Direct F2
transaction PEGA Common stock Tax liability $2,582 -52 -0.99% $49.66 5,215 01 Sep 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +1.8% $0.000000 5,307 01 Sep 2023 Direct F3
transaction PEGA Common stock Tax liability $2,582 -52 -0.98% $49.66 5,255 01 Sep 2023 Direct
transaction PEGA Common stock Options Exercise $0 +515 +9.8% $0.000000 5,770 01 Sep 2023 Direct F4
transaction PEGA Common stock Tax liability $14,302 -288 -5% $49.66 5,482 01 Sep 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 -9.1% $0.000000 4,600 01 Sep 2023 Common stock 0 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -9.1% $0.000000 921 01 Sep 2023 Common stock 0 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -6.7% $0.000000 1,291 01 Sep 2023 Common stock 0 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -515 -6.7% $0.000000 7,199 01 Sep 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 September 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 September 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 September 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 September 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.
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.