Rifat Kerim Akgonul - 03 Mar 2025 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Product Officer
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul
Issuer symbol
PEGA
Transactions as of
03 Mar 2025
Net transactions value
-$31,404
Form type
4
Filing time
04 Mar 2025, 17:01:17 UTC
Previous filing
14 Feb 2025
Next filing
06 Mar 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 +587 +1.1% $0.000000 52,641 03 Mar 2025 Direct F1
transaction PEGA Common stock Tax liability $16,016 -204 -0.39% $78.51 52,437 03 Mar 2025 Direct F2
transaction PEGA Common stock Options Exercise $0 +231 +0.44% $0.000000 52,668 03 Mar 2025 Direct F3
transaction PEGA Common stock Tax liability $6,359 -81 -0.15% $78.51 52,587 03 Mar 2025 Direct F2
transaction PEGA Common stock Options Exercise $0 +334 +0.64% $0.000000 52,921 03 Mar 2025 Direct F4
transaction PEGA Common stock Tax liability $9,029 -115 -0.22% $78.51 52,806 03 Mar 2025 Direct F2, F5

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 -587 -11% $0.000000 4,702 03 Mar 2025 Common stock 587 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -231 -20% $0.000000 922 03 Mar 2025 Common stock 231 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -334 -100% $0.000000 0 03 Mar 2025 Common stock 334 $0.000000 Direct F4, F6, F7
* 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 March 1, 2025, with a release date of March 3, 2025, the first business day following vesting. The original grant was 11,754 restricted stock units, with a 20% vesting on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e).
F3 Represents a 5% vesting on March 2, 2025, with a release date of March 3, 2025, the first business day following vesting. The original grant was 4,611 restricted stock units, with a 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Represents a 5% vesting on March 3, 2025. The original grant was 6,687 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F5 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F6 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F7 Once vested, the shares of common stock are not subject to expiration.