Efstathios A. Kouninis - Feb 20, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Efstathios A. Kouninis
Stock symbol
PEGA
Transactions as of
Feb 20, 2024
Transactions value $
-$36,403
Form type
4
Date filed
2/22/2024, 05:37 PM
Previous filing
Feb 16, 2024
Next filing
Mar 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $40K +1.18K $33.90 1.18K Feb 20, 2024 Direct
transaction PEGA Common stock Tax liability -$50.8K -785 -66.53% $64.75 395 Feb 20, 2024 Direct F1
transaction PEGA Common stock Sale -$25.6K -395 -100% $64.75 0 Feb 20, 2024 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 -1.18K -8.33% $0.00 13K Feb 20, 2024 Common stock 1.18K $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.