Rifat Kerim Akgonul - Aug 1, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Product Officer
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul
Stock symbol
PEGA
Transactions as of
Aug 1, 2024
Transactions value $
-$208,218
Form type
4
Date filed
8/5/2024, 04:59 PM
Previous filing
Jul 26, 2024
Next filing
Sep 4, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Sale -$89.8K -1.31K -2.6% $68.40 49.2K Aug 1, 2024 Direct F1, F2
transaction PEGA Common stock Sale -$47.8K -687 -1.4% $69.62 48.5K Aug 1, 2024 Direct F1, F3
transaction PEGA Common stock Sale -$70.6K -1K -2.06% $70.58 47.5K Aug 1, 2024 Direct F1, F4
* 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. Akgonul November 9, 2023 under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 Represents the weighted average of sale prices, ranging from $67.94 to $68.91. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F3 Represents the weighted average of sale prices, ranging from $69.20 to $69.98. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F4 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.