EFSTATHIOS A. KOUNINIS - 08 Dec 2021 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Donald L. Lancaster, Attorney-in-Fact for Efstathios A. Kouninis
Issuer symbol
PEGA
Transactions as of
08 Dec 2021
Net transactions value
-$27,557
Form type
4
Filing time
10 Dec 2021, 15:39:29 UTC
Previous filing
08 Dec 2021
Next filing
15 Dec 2021
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 $8,553 +314 +12% $27.24 3,035 08 Dec 2021 Direct
transaction PEGA Common stock Tax liability $15,295 -133 -4.4% $115.00 2,902 08 Dec 2021 Direct F1
transaction PEGA Common stock Sale $20,815 -181 -6.2% $115.00 2,721 08 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 Stock Options Options Exercise $0 -314 -100% $0.000000* 0 08 Dec 2021 Common stock 314 $27.24 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. Kouninis'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 vested 20% on September 12, 2017, with the remaining 80% vesting in equal quarterly installments over the next four years.