Efstathios A. Kouninis - Aug 30, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Efstathios A. Kouninis
Stock symbol
PEGA
Transactions as of
Aug 30, 2024
Transactions value $
-$91,596
Form type
4
Date filed
9/4/2024, 08:33 PM
Previous filing
Aug 27, 2024
Next filing
Sep 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $80K +2.36K +118000% $33.90 2.36K Aug 30, 2024 Direct
transaction PEGA Common stock Tax liability -$101K -1.43K -60.46% $71.00 934 Aug 30, 2024 Direct F1
transaction PEGA Common stock Sale -$66.2K -932 -99.79% $71.00 2 Aug 30, 2024 Direct
transaction PEGA Common stock Options Exercise $0 +102 +5100% $0.00 104 Sep 3, 2024 Direct F2
transaction PEGA Common stock Tax liability -$1.77K -25 -24.04% $70.88 79 Sep 3, 2024 Direct F3
transaction PEGA Common stock Options Exercise $0 +53 +67.09% $0.00 132 Sep 3, 2024 Direct F4
transaction PEGA Common stock Tax liability -$921 -13 -9.85% $70.88 119 Sep 3, 2024 Direct F3
transaction PEGA Common stock Options Exercise $0 +77 +64.71% $0.00 196 Sep 3, 2024 Direct F5
transaction PEGA Common stock Tax liability -$1.35K -19 -9.69% $70.88 177 Sep 3, 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 Stock Options Options Exercise $0 -2.36K -18.18% $0.00 10.6K Aug 30, 2024 Common stock 2.36K $33.90 Direct F7
transaction PEGA Restricted Stock Units Options Exercise $0 -102 -9.02% $0.00 1.03K Sep 3, 2024 Common stock 102 $0.00 Direct F2, F8, F9
transaction PEGA Restricted Stock Units Options Exercise $0 -53 -14.32% $0.00 317 Sep 3, 2024 Common stock 53 $0.00 Direct F4, F8, F9
transaction PEGA Restricted Stock Units Options Exercise $0 -77 -33.48% $0.00 153 Sep 3, 2024 Common stock 77 $0.00 Direct F5, F8, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of the stock options referenced in Table II and Mr. Kouninis's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Represents a 5% vesting on September 1, 2024, with a release date of September 3, 2024, the first business day following vesting. The original grant was 2,057 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 September 2, 2024, with a release date of September 3, 2024, the first business day following vesting. The original grant was 1,057 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 September 3, 2024. The original grant was 1,533 restricted stock units, with 20% vesting on March 3, 2021, and 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 Options will vest in equal quarterly installments over a four year period. The first vest occurred on February 2, 2023.
F8 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F9 Once vested, the shares of common stock are not subject to expiration.