Kenneth Stillwell - 25 Oct 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Kenneth Stillwell
Issuer symbol
PEGA
Transactions as of
25 Oct 2024
Net transactions value
-$757,385
Form type
4
Filing time
29 Oct 2024, 17:29:57 UTC
Previous filing
02 Oct 2024
Next filing
08 Nov 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 $41,553 +938 +5.4% $44.30 18,338 25 Oct 2024 Direct
transaction PEGA Common stock Tax liability $54,564 -686 -3.7% $79.54 17,652 25 Oct 2024 Direct F1
transaction PEGA Common stock Sale $19,946 -252 -1.4% $79.15 17,400 25 Oct 2024 Direct
transaction PEGA Common stock Options Exercise $539,688 +15,920 +91% $33.90 33,320 25 Oct 2024 Direct
transaction PEGA Common stock Tax liability $825,625 -10,380 -31% $79.54 22,940 25 Oct 2024 Direct F1
transaction PEGA Common stock Sale $438,491 -5,540 -24% $79.15 17,400 25 Oct 2024 Direct F2

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 -938 -100% $0.000000 0 25 Oct 2024 Common stock 938 $44.30 Direct F3
transaction PEGA Stock Options Options Exercise $0 -15,920 -12% $0.000000 116,640 25 Oct 2024 Common stock 15,920 $33.90 Direct F4
* 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. Stillwell's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 Options vested 20% on March 2, 2018, with the remaining 80% vesting in equal quarterly amounts over the next four years.
F4 Options will vest in equal quarterly installments over a four year period. The first vest occurred on February 2, 2023.