Leon Trefler - Jan 29, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief of Clients and Markets
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Leon Trefler
Stock symbol
PEGA
Transactions as of
Jan 29, 2024
Transactions value $
-$183,506
Form type
4
Date filed
1/31/2024, 06:13 PM
Previous filing
Dec 21, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $492K +24.6K +93.75% $20.05 50.7K Jan 29, 2024 Direct
transaction PEGA Common stock Tax liability -$676K -13.7K -27.01% $49.31 37K Jan 29, 2024 Direct F1, 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 -24.6K -100% $0.00* 0 Jan 29, 2024 Common stock 24.6K $20.05 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. Trefler'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 vested 20% on March 7, 2015, with the remaining 80% vesting in equal quarterly installments over the next four years.