ALAN TREFLER - 04 Dec 2023 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
C.E.O. & Chairman, 10%+ Owner
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Alan Trefler
Issuer symbol
PEGA
Transactions as of
04 Dec 2023
Transactions value $
-$68,117
Form type
4
Filing time
05 Dec 2023, 18:29:26 UTC
Previous filing
08 Sep 2023
Next filing
08 Dec 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 +1.25K +0.01% $0.00 24.8M 04 Dec 2023 Direct F4
transaction PEGA Common stock Tax liability -$32.2K -604 0% $53.30 24.8M 04 Dec 2023 Direct
transaction PEGA Common stock Options Exercise $0 +1.39K +0.01% $0.00 24.8M 04 Dec 2023 Direct F5
transaction PEGA Common stock Tax liability -$35.9K -674 0% $53.30 24.8M 04 Dec 2023 Direct F6
holding PEGA Common stock 4.26M 04 Dec 2023 Alan N. Trefler Grantor Retained Annuity Trust I of 2022 F1
holding PEGA Common stock 7.5M 04 Dec 2023 Alan N. Trefler Grantor Retained Annuity Trust I of 2023 F2
holding PEGA Common stock 3.24M 04 Dec 2023 Alan N. Trefler Grantor Retained Annuity Trust II of 2023 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 -1.25K -10% $0.00 11.2K 04 Dec 2023 Common stock 1.25K $0.00 Direct F4, F7, F8
transaction PEGA Restricted Stock Units Options Exercise $0 -1.39K -16.68% $0.00 6.97K 04 Dec 2023 Common stock 1.39K $0.00 Direct F5, F7, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust I of 2022.
F2 Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust I of 2023.
F3 Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust II of 2023.
F4 Represents a 5% vesting on December 2, 2023, with a release date of December 4, 2023, the first business day following vesting. The original grant was 24,976 restricted stock units, with 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F5 Represents a 5% vesting on December 3, 2023, with a release date of December 4, 2023, the first business day following vesting. 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.
F6 Does not include shares of common stock subject to unvested restricted stock units and/or options awards. Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust I of 2022, the Alan N. Trefler Grantor Retained Annuity Trust I of 2023, and the Alan N. Trefler Grantor Retained Annuity Trust II of 2023.
F7 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F8 Once vested, the shares of common stock are not subject to expiration.