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

Role
VP of Finance & CAO
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Efstathios A. Kouninis
Issuer symbol
PEGA
Transactions as of
30 Aug 2024
Net transactions value
-$91,596
Form type
4
Filing time
04 Sep 2024, 20:33:13 UTC
Previous filing
27 Aug 2024
Next filing
10 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 $80,004 +2,360 +118000% $33.90 2,362 30 Aug 2024 Direct
transaction PEGA Common stock Tax liability $101,388 -1,428 -60% $71.00 934 30 Aug 2024 Direct F1
transaction PEGA Common stock Sale $66,172 -932 -100% $71.00 2 30 Aug 2024 Direct
transaction PEGA Common stock Options Exercise $0 +102 +5100% $0.000000 104 03 Sep 2024 Direct F2
transaction PEGA Common stock Tax liability $1,772 -25 -24% $70.88 79 03 Sep 2024 Direct F3
transaction PEGA Common stock Options Exercise $0 +53 +67% $0.000000 132 03 Sep 2024 Direct F4
transaction PEGA Common stock Tax liability $921 -13 -9.8% $70.88 119 03 Sep 2024 Direct F3
transaction PEGA Common stock Options Exercise $0 +77 +65% $0.000000 196 03 Sep 2024 Direct F5
transaction PEGA Common stock Tax liability $1,347 -19 -9.7% $70.88 177 03 Sep 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 -2,360 -18% $0.000000 10,620 30 Aug 2024 Common stock 2,360 $33.90 Direct F7
transaction PEGA Restricted Stock Units Options Exercise $0 -102 -9% $0.000000 1,029 03 Sep 2024 Common stock 102 $0.000000 Direct F2, F8, F9
transaction PEGA Restricted Stock Units Options Exercise $0 -53 -14% $0.000000 317 03 Sep 2024 Common stock 53 $0.000000 Direct F4, F8, F9
transaction PEGA Restricted Stock Units Options Exercise $0 -77 -33% $0.000000 153 03 Sep 2024 Common stock 77 $0.000000 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.