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

Role
COO, CFO
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Kenneth Stillwell
Stock symbol
PEGA
Transactions as of
Oct 25, 2024
Transactions value $
-$757,385
Form type
4
Date filed
10/29/2024, 05:29 PM
Previous filing
Oct 2, 2024
Next filing
Nov 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $41.6K +938 +5.39% $44.30 18.3K Oct 25, 2024 Direct
transaction PEGA Common stock Tax liability -$54.6K -686 -3.74% $79.54 17.7K Oct 25, 2024 Direct F1
transaction PEGA Common stock Sale -$19.9K -252 -1.43% $79.15 17.4K Oct 25, 2024 Direct
transaction PEGA Common stock Options Exercise $540K +15.9K +91.49% $33.90 33.3K Oct 25, 2024 Direct
transaction PEGA Common stock Tax liability -$826K -10.4K -31.15% $79.54 22.9K Oct 25, 2024 Direct F1
transaction PEGA Common stock Sale -$438K -5.54K -24.15% $79.15 17.4K Oct 25, 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% $0.00 0 Oct 25, 2024 Common stock 938 $44.30 Direct F3
transaction PEGA Stock Options Options Exercise $0 -15.9K -12.01% $0.00 117K Oct 25, 2024 Common stock 15.9K $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.