EFSTATHIOS A. KOUNINIS - 02 Sep 2022 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Matthew J. Cushing, Attorney-in-Fact for Efstathios A. Kouninis
Issuer symbol
PEGA
Transactions as of
02 Sep 2022
Net transactions value
-$3,153
Form type
4
Filing time
07 Sep 2022, 18:16:18 UTC
Previous filing
16 Aug 2022
Next filing
13 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 +53 +2.6% $0.000000 2,096 02 Sep 2022 Direct F1
transaction PEGA Common stock Tax liability $478 -13 -0.62% $36.78 2,083 02 Sep 2022 Direct
transaction PEGA Common stock Options Exercise $0 +76 +3.6% $0.000000 2,159 06 Sep 2022 Direct F2
transaction PEGA Common stock Tax liability $678 -19 -0.88% $35.66 2,140 06 Sep 2022 Direct
transaction PEGA Common stock Options Exercise $0 +128 +6% $0.000000 2,268 06 Sep 2022 Direct F3
transaction PEGA Common stock Tax liability $1,141 -32 -1.4% $35.66 2,236 06 Sep 2022 Direct
transaction PEGA Common stock Options Exercise $0 +97 +4.3% $0.000000 2,333 06 Sep 2022 Direct F4
transaction PEGA Common stock Tax liability $856 -24 -1% $35.66 2,309 06 Sep 2022 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 -53 -6.7% $0.000000 740 02 Sep 2022 Common stock 53 $0.000000 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -76 -9% $0.000000 767 06 Sep 2022 Common stock 76 $0.000000 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -128 -33% $0.000000 256 06 Sep 2022 Common stock 128 $0.000000 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -97 -14% $0.000000 586 06 Sep 2022 Common stock 97 $0.000000 Direct F4, F6, F7
* 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 September 2, 2022. The original grant was 1,057 restricted stock units, with 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years
F2 Represents a 5% vesting on September 3, 2022, with a release date of September 6, 2022, the first business day following vesting. The original grant was 1,533 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on September 5, 2022, with a release date of September 6, 2022, the first business day following vesting. The original grant was 2,558 restricted stock units, with 20% vesting on March 5, 2019, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Represents a 5% vesting on September 6, 2022. The original grant was 1,952 restricted stock units, with 20% vesting on March 6, 2020, and the remaining 80% vesting in equal quarterly installments over the remaining four years.
F5 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F6 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F7 Once vested, the shares of common stock are not subject to expiration.