MICHAEL R. PYLE - 06 Dec 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief Technology Strategist
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Michael R. Pyle
Issuer symbol
PEGA
Transactions as of
06 Dec 2021
Transactions value $
-$10,073
Form type
4
Filing time
08 Dec 2021, 15:44:57 UTC
Previous filing
03 Dec 2021
Next filing
03 Mar 2022
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 +312 +4.34% $0 7,497 06 Dec 2021 Direct F1
transaction PEGA Common stock Tax liability -$10,073 -92 -1.23% $109.49 7,405 06 Dec 2021 Direct 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 Restricted Stock Units Options Exercise $0 -312 -16.68% $0 1,559 06 Dec 2021 Common stock 312 $0 Direct F1, F3, F4
* 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 December 6, 2021. The original grant was 4,681 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F3 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F4 Once vested, the shares of common stock are not subject to expiration.