Leon Trefler - Oct 31, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Leon Trefler
Stock symbol
PEGA
Transactions as of
Oct 31, 2024
Transactions value $
-$1,162,514
Form type
4
Date filed
11/4/2024, 05:36 PM
Previous filing
Oct 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Sale -$61.4K -752 -1.96% $81.59 37.6K Oct 31, 2024 Direct F1
transaction PEGA Common stock Options Exercise $504K +20K +53.14% $25.20 57.6K Nov 1, 2024 Direct
transaction PEGA Common stock Tax liability -$932K -11.7K -20.32% $79.57 45.9K Nov 1, 2024 Direct F2
transaction PEGA Common stock Sale -$673K -8.29K -18.05% $81.23 37.6K Nov 1, 2024 Direct F1, F3

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 -20K -56.67% $0.00 15.3K Nov 1, 2024 Common stock 20K $25.20 Direct 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. Trefler November 19, 2023 under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F2 Represents the exercise price of the stock options referenced in Table II and Mr. Trefler's tax liability, which were paid by way of the Company withholding shares of equal value.
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Options vested 20% on March 9, 2017, with the remaining 80% vesting in equal quarterly installments over the remaining four years.