Rifat Kerim Akgonul - 05 Mar 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Product Officer
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul
Issuer symbol
PEGA
Transactions as of
05 Mar 2024
Net transactions value
-$6,396
Form type
4
Filing time
07 Mar 2024, 18:11:02 UTC
Previous filing
05 Mar 2024
Next filing
11 Mar 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 $0 +332 +0.64% $0.000000 52,176 06 Mar 2024 Direct F1
transaction PEGA Common stock Tax liability $6,396 -103 -0.2% $62.10 52,073 06 Mar 2024 Direct F2, F3

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 Award $0 +2,564 $0.000000 2,564 05 Mar 2024 Common stock 2,564 $0.000000 Direct F4, F5, F6
transaction PEGA Restricted Stock Units Award $0 +17,609 $0.000000 17,609 05 Mar 2024 Common stock 17,609 $0.000000 Direct F4, F6, F7
transaction PEGA Stock Options Award $0 +35,218 $0.000000 35,218 05 Mar 2024 Common stock 35,218 $62.10 Direct F8
transaction PEGA Restricted Stock Units Options Exercise $0 -332 -100% $0.000000* 0 06 Mar 2024 Common stock 332 $0.000000 Direct F1, F4, 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 March 6, 2024. The original grant was 6,635 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e).
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 Represents election by the individual, as part of the Company's Corporate Incentive Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 5, 2024. All RSUs vest 100% on March 5, 2025, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2024.
F6 Once vested, the shares of common stock are not subject to expiration.
F7 RSUs will vest 25% on March 5, 2025, with the remaining 75% vesting in equal quarterly installments over the remaining three years.
F8 Options will vest 25% on March 5, 2025, with the remaining 75% vesting in equal quarterly installments over the remaining three years.