John Gerard Higgins - Mar 1, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief, Client &Partner Success
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for John Gerard Higgins
Stock symbol
PEGA
Transactions as of
Mar 1, 2024
Transactions value $
-$55,492
Form type
4
Date filed
3/5/2024, 06:12 PM
Previous filing
Feb 16, 2024
Next filing
Mar 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +460 +7.39% $0.00 6.69K Mar 1, 2024 Direct F1
transaction PEGA Common stock Tax liability -$16.7K -257 -3.84% $65.04 6.43K Mar 1, 2024 Direct F2
transaction PEGA Common stock Options Exercise $0 +92 +1.43% $0.00 6.52K Mar 1, 2024 Direct F3
transaction PEGA Common stock Tax liability -$3.38K -52 -0.8% $65.04 6.47K Mar 1, 2024 Direct F2
transaction PEGA Common stock Options Exercise $0 +93 +1.44% $0.00 6.56K Mar 1, 2024 Direct F4
transaction PEGA Common stock Tax liability -$3.33K -52 -0.79% $64.04 6.51K Mar 1, 2024 Direct F2
transaction PEGA Common stock Options Exercise $0 +514 +7.9% $0.00 7.02K Mar 1, 2024 Direct F5
transaction PEGA Common stock Tax liability -$18.7K -287 -4.09% $65.04 6.74K Mar 1, 2024 Direct F2
transaction PEGA Common stock Options Exercise $0 +369 +5.48% $0.00 7.11K Mar 1, 2024 Direct F6
transaction PEGA Common stock Tax liability -$13.4K -206 -2.9% $65.04 6.9K Mar 1, 2024 Direct F2, F7

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 -11.11% $0.00 3.68K Mar 1, 2024 Common stock 460 $0.00 Direct F1, F8, F9
transaction PEGA Restricted Stock Units Options Exercise $0 -92 -11.1% $0.00 737 Mar 1, 2024 Common stock 92 $0.00 Direct F3, F8, F9
transaction PEGA Restricted Stock Units Options Exercise $0 -93 -7.76% $0.00 1.11K Mar 1, 2024 Common stock 93 $0.00 Direct F4, F8, F9
transaction PEGA Restricted Stock Units Options Exercise $0 -514 -7.69% $0.00 6.17K Mar 1, 2024 Common stock 514 $0.00 Direct F5, F8, F9
transaction PEGA Restricted Stock Units Options Exercise $0 -369 -20% $0.00 1.48K Mar 1, 2024 Common stock 369 $0.00 Direct F6, F8, F9
* 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 March 1, 2024. 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 Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e).
F3 Represents a 5% vesting on March 1, 2024. 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.
F4 Represents a 5% vesting on March 1, 2024. 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.
F5 Represents a 5% vesting on March 1, 2024. 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.
F6 Represents a 20% vesting on March 1, 2024. The original grant was 1,845 restricted stock units, with the remaining 80% will vest in 5% equal quarterly installments over the remaining four years.
F7 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F8 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F9 Once vested, the shares of common stock are not subject to expiration.