EFSTATHIOS A. KOUNINIS - 01 Sep 2023 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
VP of Finance & CAO
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Efstathios A. Kouninis
Issuer symbol
PEGA
Transactions as of
01 Sep 2023
Net transactions value
-$2,921
Form type
4
Filing time
06 Sep 2023, 20:03:23 UTC
Previous filing
02 Aug 2023
Next filing
08 Sep 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 +103 $0.000000 103 01 Sep 2023 Direct F1
transaction PEGA Common stock Tax liability $1,291 -26 -25% $49.66 77 01 Sep 2023 Direct
transaction PEGA Common stock Options Exercise $0 +52 +68% $0.000000 129 05 Sep 2023 Direct F2
transaction PEGA Common stock Tax liability $662 -13 -10% $50.92 116 05 Sep 2023 Direct
transaction PEGA Common stock Options Exercise $0 +77 +66% $0.000000 193 05 Sep 2023 Direct F3
transaction PEGA Common stock Tax liability $967 -19 -9.8% $50.92 174 05 Sep 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 -103 -6.7% $0.000000 1,440 01 Sep 2023 Common stock 0 $0.000000 Direct F1, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -52 -9% $0.000000 529 05 Sep 2023 Common stock 0 $0.000000 Direct F2, F5, F6
transaction PEGA Restricted Stock Units Options Exercise $0 -77 -14% $0.000000 460 05 Sep 2023 Common stock 0 $0.000000 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 5% vesting on September 1, 2023. The original grant was 2,057 restricted stock units, with 20% vesting on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F2 Represents a 5% vesting on September 2, 2023, with a release date of September 5, 2023, the first business day following vesting. 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.
F3 Represents a 5% vesting on September 3, 2023, with a release date of September 5, 2023, 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.
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.