Leon Trefler - 01 Mar 2023 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
Chief of Clients and Markets
Signature
/s/ Jenna L. Burstyn, Attorney-in-Fact for Leon Trefler
Issuer symbol
PEGA
Transactions as of
01 Mar 2023
Transactions value $
-$32,294
Form type
4
Filing time
03 Mar 2023, 17:43:01 UTC
Previous filing
21 Feb 2023
Next filing
08 Mar 2023
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 +2.35K +8.55% $0.00 29.8K 01 Mar 2023 Direct F1
transaction PEGA Common stock Tax liability -$26.3K -568 -1.9% $46.38 29.3K 01 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +192 +0.66% $0.00 29.5K 02 Mar 2023 Direct F2
transaction PEGA Common stock Tax liability -$2.16K -47 -0.16% $46.03 29.4K 02 Mar 2023 Direct
transaction PEGA Common stock Options Exercise $0 +334 +1.14% $0.00 29.8K 03 Mar 2023 Direct F3
transaction PEGA Common stock Tax liability -$3.79K -82 -0.28% $46.18 29.7K 03 Mar 2023 Direct F4

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 -2.35K -20% $0.00 9.4K 01 Mar 2023 Common stock 2.35K $0.00 Direct F1, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -192 -7.69% $0.00 2.31K 02 Mar 2023 Common stock 192 $0.00 Direct F2, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -334 -11.1% $0.00 2.68K 03 Mar 2023 Common stock 334 $0.00 Direct F3, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a 20% vesting on March 1, 2023. The original grant was 11,754 restricted stock units, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on March 2, 2023. The original grant was 3,843 restricted stock units, with 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 Represents a 5% vesting on March 3, 2023. The original grant was 6,687 restricted stock units, with 20% vesting on March 3, 2021, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F4 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F5 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F6 Once vested, the shares of common stock are not subject to expiration.