Kenneth Stillwell - 01 Dec 2023 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Kenneth Stillwell
Issuer symbol
PEGA
Transactions as of
01 Dec 2023
Net transactions value
-$33,307
Form type
4
Filing time
05 Dec 2023, 18:26:39 UTC
Previous filing
28 Nov 2023
Next filing
08 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 +1,176 +5.2% $0.000000 23,634 01 Dec 2023 Direct F1
transaction PEGA Common stock Tax liability $14,918 -287 -1.2% $51.98 23,347 01 Dec 2023 Direct
transaction PEGA Common stock Options Exercise $0 +577 +2.5% $0.000000 23,924 04 Dec 2023 Direct F2
transaction PEGA Common stock Tax liability $7,515 -141 -0.59% $53.30 23,783 04 Dec 2023 Direct
transaction PEGA Common stock Options Exercise $0 +696 +2.9% $0.000000 24,479 04 Dec 2023 Direct F3
transaction PEGA Common stock Tax liability $10,873 -204 -0.83% $53.30 24,275 04 Dec 2023 Direct F4

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 -1,176 -7.1% $0.000000 15,280 01 Dec 2023 Common stock 1,176 $0.000000 Direct F1, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -577 -10% $0.000000 5,187 04 Dec 2023 Common stock 577 $0.000000 Direct F2, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -696 -17% $0.000000 3,483 04 Dec 2023 Common stock 696 $0.000000 Direct F3, F5, F6
* 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 23,508 restricted stock units, with 20% vesting on March 1, 2023 with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on December 2, 2023, with a release date of December 4, 2023, the first business day following vesting. The original grant was 11,527 restricted stock units, with 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on December 3, 2023, with a release date of December 4, 2023, the first business day following vesting. The original grant was 13,931 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F5 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F6 Once vested, the shares of common stock are not subject to expiration.