Rifat Kerim Akgonul - 01 Sep 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
01 Sep 2025
Net transactions value
-$420,191
Form type
4
Filing time
04 Sep 2025, 16:49:39 UTC
Previous filing
28 Jul 2025
Next filing
09 Sep 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 04 Sep 2025 0001855325

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $0 +1,176 +1.5% $0.000000 79,736 01 Sep 2025 Direct F1
transaction PEGA Common stock Tax liability $30,845 -569 -0.71% $54.21 79,167 01 Sep 2025 Direct
transaction PEGA Common stock Options Exercise $0 +462 +0.58% $0.000000 79,629 02 Sep 2025 Direct F2
transaction PEGA Common stock Tax liability $12,143 -224 -0.28% $54.21 79,405 02 Sep 2025 Direct
transaction PEGA Common stock Sale $101,384 -1,900 -2.4% $53.36 77,505 02 Sep 2025 Direct F3, F4
transaction PEGA Common stock Sale $5,418 -100 -0.13% $54.18 77,405 02 Sep 2025 Direct F3
transaction PEGA Common stock Sale $270,400 -5,000 -6.5% $54.08 72,405 03 Sep 2025 Direct 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 -1,176 -14% $0.000000 7,052 01 Sep 2025 Common stock 1,176 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -462 -33% $0.000000 922 02 Sep 2025 Common stock 462 $0.000000 Direct F2, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Represents a 5% vesting on September 1, 2025, with a release date of September 2, 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 Represents a 5% vesting on June 2, 2025. 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.
F3 Sold pursuant to a pre-arranged trading plan adopted by Mr. Akgonul November 25, 2024 under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
F4 Represents the weighted average of sale prices, ranging from $52.83 to $53.81. 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.
F5 Represents the weighted average of sale prices, ranging from $54.08 to $54.10. 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.
F6 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F7 All share amounts in this Form 4 have been restated to reflect a 2-for-1 forward stock split of Pegasystems Inc.'s common stock effectuated on June 20, 2025.