TREFLER ALAN - 03 Jun 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
C.E.O. & Chairman, 10%+ Owner
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Alan Trefler
Issuer symbol
PEGA
Transactions as of
03 Jun 2024
Net transactions value
-$44,589
Form type
4
Filing time
04 Jun 2024, 17:42:52 UTC
Previous filing
07 Mar 2024
Next filing
04 Sep 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 +1,248 +0.01% $0.000000 24,725,443 03 Jun 2024 Direct F1
transaction PEGA Common stock Tax liability $21,088 -367 -0% $57.46 24,725,076 03 Jun 2024 Direct F2
transaction PEGA Common stock Options Exercise $0 +1,393 +0.01% $0.000000 24,726,469 03 Jun 2024 Direct F3
transaction PEGA Common stock Tax liability $23,501 -409 -0% $57.46 24,726,060 03 Jun 2024 Direct F2, F4
holding PEGA Common stock 4,257,521 03 Jun 2024 Alan N. Trefler Grantor Retained Annuity Trust I of 2022
holding PEGA Common stock 7,500,000 03 Jun 2024 Alan N. Trefler Grantor Retained Annuity Trust I of 2023
holding PEGA Common stock 3,242,479 03 Jun 2024 Alan N. Trefler Grantor Retained Annuity Trust II of 2023

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 -1,248 -12% $0.000000 8,742 03 Jun 2024 Common stock 1,248 $0.000000 Direct F1, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -1,393 -25% $0.000000 4,179 03 Jun 2024 Common stock 1,393 $0.000000 Direct F3, F5, 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 June 2, 2024, with a release date of June 3, 2024, the first business day following vesting. The original grant was 24,976 restricted stock units, with 20% vesting on March 2, 2022, with 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 Represents a 5% vesting on June 3, 2024. The original grant was 27,862 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F5 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F6 Once vested, the shares of common stock are not subject to expiration.