Alan Trefler - 03 Jun 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
C.E.O. & Chairman, 10%+ Owner
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Alan Trefler
Issuer symbol
PEGA
Transactions as of
03 Jun 2022
Transactions value $
-$79,262
Form type
4
Date filed
07 Jun 2022, 21:13
Previous filing
03 Jun 2022
Next filing
07 Sep 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 +1.39K +0% $0.00 39.8M 03 Jun 2022 Direct F1
transaction PEGA Common stock Tax liability -$33.8K -618 0% $54.73 39.8M 03 Jun 2022 Direct
transaction PEGA Common stock Options Exercise $0 +1.95K +0% $0.00 39.8M 06 Jun 2022 Direct F2
transaction PEGA Common stock Tax liability -$45.4K -866 0% $52.47 39.8M 06 Jun 2022 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 Restricted Stock Units Options Exercise $0 -1.39K -8.33% $0.00 15.3K 03 Jun 2022 Common stock 1.39K $0.00 Direct F1, F4, F5
transaction PEGA Restricted Stock Units Options Exercise $0 -1.95K -12.5% $0.00 13.7K 06 Jun 2022 Common stock 1.95K $0.00 Direct F2, F4, F5
* 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 June 3, 2022. The original grant was 27,862 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on June 6, 2022. The original grant was 39,026 restricted stock units, with 20% vesting on March 6,2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 Once vested, the shares of common stock are not subject to expiration.