John Gerard Higgins - 09 Dec 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
Issuer symbol: PEGA
Transactions as of: 09 Dec 2024
Net transactions value: -$61,870
Form type: 4
Filing time: 10 Dec 2024, 17:17:24 UTC
Previous filing: 03 Dec 2024
Next filing: 14 Feb 2025
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	$0	+1,139	+8.8%	$0.000000	14,125	09 Dec 2024	Direct	F1
transaction	PEGA	Common stock	Tax liability	$61,870	-636	-4.5%	$97.28	13,489	09 Dec 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	-1,139	-10%	$0.000000	10,253	09 Dec 2024	Common stock	1,139	$0.000000	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.