Efstathios A. Kouninis - Nov 11, 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
Stock symbol
PEGA
Transactions as of
Nov 11, 2024
Transactions value $
-$43,700
Form type
4
Date filed
11/13/2024, 03:49 PM
Previous filing
Nov 6, 2024
Next filing
Nov 27, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $44.3K +1K $44.30 1K Nov 11, 2024 Direct
transaction PEGA Common stock Tax liability -$55K -625 -62.5% $88.00 375 Nov 11, 2024 Direct F1
transaction PEGA Common stock Sale -$33K -375 -100% $88.00 0 Nov 11, 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 -1K -19.99% $0.00 4K Nov 11, 2024 Common stock 1K $44.30 Direct F3
* 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 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 20% of award vests one year after grant. Remaining 80% vests in equal quarterly installments over the following four years.