Rifat Kerim Akgonul - Dec 12, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Product Officer
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul
Stock symbol
PEGA
Transactions as of
Dec 12, 2024
Transactions value $
-$338,260
Form type
4
Date filed
12/16/2024, 05:34 PM
Previous filing
Dec 10, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $44.8K +1.78K +3.68% $25.20 50.1K Dec 12, 2024 Direct
transaction PEGA Common stock Tax liability -$107K -1.1K -2.19% $97.36 49K Dec 12, 2024 Direct F1
transaction PEGA Common stock Options Exercise $305K +9K +18.37% $33.90 58K Dec 12, 2024 Direct
transaction PEGA Common stock Tax liability -$581K -5.97K -10.3% $97.36 52K Dec 12, 2024 Direct F1, 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 -1.78K -100% $0.00 0 Dec 12, 2024 Common stock 1.78K $25.20 Direct F3
transaction PEGA Stock Options Options Exercise $0 -9K -9.12% $0.00 89.7K Dec 12, 2024 Common stock 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. Akgonul'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 9, 2017, 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 with the first vest occurring on February 2, 2023.