KENNETH STILLWELL - 14 May 2025 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Matthew J. Cushing, Attorney-in-Fact for Kenneth Stillwell
Issuer symbol
PEGA
Transactions as of
14 May 2025
Net transactions value
-$325,452
Form type
4
Filing time
15 May 2025, 17:26:38 UTC
Previous filing
05 May 2025
Next filing
03 Jun 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
STILLWELL KENNETH COO, CFO C/O PEGASYSTEMS INC., 225 WYMAN STREET, STE 300, WALTHAM /s/ Matthew J. Cushing, Attorney-in-Fact for Kenneth Stillwell 15 May 2025 0001680115

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $439,344 +12,960 +66% $33.90 32,455 14 May 2025 Direct
transaction PEGA Common stock Tax liability $764,796 -7,828 -24% $97.70 24,627 14 May 2025 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 -12,960 -14% $0.000000 77,760 14 May 2025 Common stock 12,960 $33.90 Direct F3
* 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. Stillwell'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 will vest in equal quarterly installments over a four year period. The first vest occurred on February 2, 2023.