John Gerard Higgins - Sep 1, 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
Stock symbol
PEGA
Transactions as of
Sep 1, 2023
Transactions value $
-$32,229
Form type
4
Date filed
9/6/2023, 07:02 PM
Previous filing
Jun 5, 2023
Next filing
Dec 5, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +460 +9.25% $0.00 5.43K Sep 1, 2023 Direct F1
transaction PEGA Common stock Tax liability -$12.8K -257 -4.73% $49.66 5.18K Sep 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +1.78% $0.00 5.27K Sep 1, 2023 Direct F2
transaction PEGA Common stock Tax liability -$2.58K -52 -0.99% $49.66 5.22K Sep 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +1.76% $0.00 5.31K Sep 1, 2023 Direct F3
transaction PEGA Common stock Tax liability -$2.58K -52 -0.98% $49.66 5.26K Sep 1, 2023 Direct
transaction PEGA Common stock Options Exercise $0 +515 +9.8% $0.00 5.77K Sep 1, 2023 Direct F4
transaction PEGA Common stock Tax liability -$14.3K -288 -4.99% $49.66 5.48K Sep 1, 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 -9.09% $0.00 4.6K Sep 1, 2023 Common stock 0 $0.00 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -9.08% $0.00 921 Sep 1, 2023 Common stock 0 $0.00 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -6.65% $0.00 1.29K Sep 1, 2023 Common stock 0 $0.00 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -515 -6.68% $0.00 7.2K Sep 1, 2023 Common stock 0 $0.00 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.