Leon Trefler - 29 Jan 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
Issuer symbol
PEGA
Transactions as of
29 Jan 2024
Net transactions value
-$183,506
Form type
4
Filing time
31 Jan 2024, 18:13:11 UTC
Previous filing
21 Dec 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 $492,288 +24,553 +94% $20.05 50,742 29 Jan 2024 Direct
transaction PEGA Common stock Tax liability $675,794 -13,705 -27% $49.31 37,037 29 Jan 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 -24,553 -100% $0.000000* 0 29 Jan 2024 Common stock 24,553 $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.