Rifat Kerim Akgonul - 09 May 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
09 May 2025
Net transactions value
-$1,253,059
Form type
4
Filing time
13 May 2025, 17:08:52 UTC
Previous filing
05 May 2025
Next filing
22 May 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Akgonul Rifat Kerim Chief Product Officer C/O PEGASYSTEMS INC., 225 WYMAN STREET, STE 300, WALTHAM /s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul 12 May 2025 0001855325

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $567,240 +12,000 +27% $47.27 56,640 09 May 2025 Direct
transaction PEGA Common stock Tax liability $819,716 -8,836 -16% $92.77 47,804 09 May 2025 Direct F1
transaction PEGA Common stock Options Exercise $406,800 +12,000 +25% $33.90 59,804 09 May 2025 Direct
transaction PEGA Common stock Tax liability $748,376 -8,067 -13% $92.77 51,737 09 May 2025 Direct F1
transaction PEGA Common stock Sale $413,420 -4,454 -8.6% $92.82 47,283 09 May 2025 Direct F2
transaction PEGA Common stock Sale $245,588 -2,643 -5.6% $92.92 44,640 09 May 2025 Direct 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 Stock Options Options Exercise $0 -12,000 -66% $0.000000 6,227 09 May 2025 Common stock 12,000 $47.27 Direct F4
transaction PEGA Stock Options Options Exercise $0 -12,000 -13% $0.000000 77,682 09 May 2025 Common stock 12,000 $33.90 Direct F5
* 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 Represents the weighted average of sale prices, ranging from $92.81 to $92.88. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 On March 7, 2023, the reporting person was granted an option to purchase 18,227 shares of common stock. The option vested in two installments: 25% vested on the first anniversary of the date of grant, and 75% vested on the second anniversary of the date of grant.
F5 Options will vest in equal quarterly installments over a four year period with the first vest occurring on February 2, 2023.