John Gerard Higgins - 01 Dec 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 Dec 2023
Net transactions value
-$33,683
Form type
4
Filing time
05 Dec 2023, 18:16:15 UTC
Previous filing
06 Sep 2023
Next filing
16 Feb 2024
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 +8.4% $0.000000 5,942 01 Dec 2023 Direct F1
transaction PEGA Common stock Tax liability $13,359 -257 -4.3% $51.98 5,685 01 Dec 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +1.6% $0.000000 5,777 01 Dec 2023 Direct F2
transaction PEGA Common stock Tax liability $2,703 -52 -0.9% $51.98 5,725 01 Dec 2023 Direct
transaction PEGA Common stock Options Exercise $0 +92 +1.6% $0.000000 5,817 01 Dec 2023 Direct F3
transaction PEGA Common stock Tax liability $2,703 -52 -0.89% $51.98 5,765 01 Dec 2023 Direct
transaction PEGA Common stock Options Exercise $0 +514 +8.9% $0.000000 6,279 01 Dec 2023 Direct F4
transaction PEGA Common stock Tax liability $14,918 -287 -4.6% $51.98 5,992 01 Dec 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 -10% $0.000000 4,140 01 Dec 2023 Common stock 460 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -10% $0.000000 829 01 Dec 2023 Common stock 92 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -7.1% $0.000000 1,199 01 Dec 2023 Common stock 92 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -514 -7.1% $0.000000 6,685 01 Dec 2023 Common stock 514 $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 December 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 December 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 December 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 December 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.