John Gerard Higgins - Dec 9, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief, Client &Partner Success
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for John Gerard Higgins
Stock symbol
PEGA
Transactions as of
Dec 9, 2024
Transactions value $
-$61,870
Form type
4
Date filed
12/10/2024, 05:17 PM
Previous filing
Dec 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +1.14K +8.77% $0.00 14.1K Dec 9, 2024 Direct F1
transaction PEGA Common stock Tax liability -$61.9K -636 -4.5% $97.28 13.5K Dec 9, 2024 Direct F2, 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 Restricted Stock Units Options Exercise $0 -1.14K -10% $0.00 10.3K Dec 9, 2024 Common stock 1.14K $0.00 Direct F1, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a 5% vesting on December 7, 2024, with a release date of December 9, 2024, the first business date following vesting. The original grant was 18,227 restricted stock units, with a 25% vesting on March 7, 2024. The remaining 75% will vest in equal quarterly installments over the remaining three years.
F2 Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e).
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 Once vested, the shares of common stock are not subject to expiration.