Efstathios A. Kouninis - Nov 22, 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
Nov 22, 2023
Transactions value $
-$87,376
Form type
4
Date filed
11/27/2023, 07:52 PM
Previous filing
Sep 15, 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 $160K +4.72K $33.90 4.72K Nov 22, 2023 Direct
transaction PEGA Common stock Tax liability -$181K -3.46K -73.3% $52.40 1.26K Nov 22, 2023 Direct F1
transaction PEGA Common stock Sale -$66.1K -1.26K -100% $52.40 0 Nov 22, 2023 Direct F2

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 Stock Options Options Exercise $0 -4.72K -25.01% $0.00 14.2K Nov 22, 2023 Common stock 4.72K $33.90 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of the stock options referenced in Table II and Mr. Kouninis's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 Options will vest in equal quarterly installments over a four year period. The first vest occurred on February 2, 2023.