Leon Trefler - 31 May 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
31 May 2024
Net transactions value
-$68,360
Form type
4
Filing time
04 Jun 2024, 17:24:40 UTC
Previous filing
01 May 2024
Next filing
11 Jun 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 Sale $43,135 -752 -1.9% $57.36 38,436 31 May 2024 Direct F1
transaction PEGA Common stock Options Exercise $0 +587 +1.5% $0.000000 39,023 03 Jun 2024 Direct F2
transaction PEGA Common stock Tax liability $13,273 -231 -0.59% $57.46 38,792 03 Jun 2024 Direct F3
transaction PEGA Common stock Options Exercise $0 +192 +0.49% $0.000000 38,984 03 Jun 2024 Direct F4
transaction PEGA Common stock Tax liability $4,367 -76 -0.19% $57.46 38,908 03 Jun 2024 Direct F3
transaction PEGA Common stock Options Exercise $0 +334 +0.86% $0.000000 39,242 03 Jun 2024 Direct F5
transaction PEGA Common stock Tax liability $7,585 -132 -0.34% $57.46 39,110 03 Jun 2024 Direct F3, F6

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 -587 -8.3% $0.000000 6,465 03 Jun 2024 Common stock 587 $0.000000 Direct F2, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -192 -12% $0.000000 1,345 03 Jun 2024 Common stock 192 $0.000000 Direct F4, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -334 -25% $0.000000 1,003 03 Jun 2024 Common stock 334 $0.000000 Direct F5, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Sold pursuant to a pre-arranged trading plan adopted by Mr. Trefler November 17, 2023 under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 Represents a 5% vesting on June 1, 2024, with a release date of June 3, 2024, the first business day following vesting. The original grant was 11,754 restricted stock units, with 20% vesting on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e).
F4 Represents a 5% vesting on June 2, 2024, with a release date of June 3, 2024, the first business day following vesting. The original grant was 3,843 restricted stock units, with 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F5 Represents a 5% vesting on June 3, 2024. The original grant was 6,687 restricted stock units, with 20% vesting on March 3, 2021, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F6 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F7 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F8 Once vested, the shares of common stock are not subject to expiration.