ALAN TREFLER - 06 Mar 2023 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
06 Mar 2023
Net transactions value
-$27,447
Form type
4
Filing time
08 Mar 2023, 15:50:34 UTC
Previous filing
03 Mar 2023
Next filing
05 Jun 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 +1,951 +0.01% $0.000000 32,268,921 06 Mar 2023 Direct F1
transaction PEGA Common stock Tax liability $27,447 -573 -0% $47.90 32,268,348 06 Mar 2023 Direct F2
holding PEGA Common stock 7,500,000 06 Mar 2023 Alan N. Trefler Grantor Retained Annuity Trust I of 2022

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 -1,951 -20% $0.000000 7,805 06 Mar 2023 Common stock 1,951 $0.000000 Direct 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 March 6, 2023. 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.
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.