Leon Trefler - Mar 5, 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
Mar 5, 2024
Transactions value $
-$5,900
Form type
4
Date filed
3/7/2024, 06:31 PM
Previous filing
Mar 5, 2024
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +390 +1.07% $0.00 36.8K Mar 6, 2024 Direct F1
transaction PEGA Common stock Tax liability -$5.9K -95 -0.26% $62.10 36.7K Mar 6, 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 +17.6K $0.00 17.6K Mar 5, 2024 Common stock 17.6K $0.00 Direct F4, F5, F6
transaction PEGA Stock Options Award $0 +35.2K $0.00 35.2K Mar 5, 2024 Common stock 35.2K $62.10 Direct F7
transaction PEGA Restricted Stock Units Options Exercise $0 -390 -100% $0.00* 0 Mar 6, 2024 Common stock 390 $0.00 Direct F1, F4, F8
* 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 7,806 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 RSUs will vest 25% on March 5, 2025, with the remaining 75% vesting in equal quarterly installments over the remaining three years.
F6 Once vested, the shares of common stock are not subject to expiration.
F7 Options will vest 25% on March 5, 2025, with the remaining 75% vesting in equal quarterly installments over the remaining three years.
F8 Once vested, shares of common stock are not subject to expiration.