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

Role
Chief of Clients and Markets
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Leon Trefler
Issuer symbol
PEGA
Transactions as of
01 Dec 2023
Transactions value $
-$56,805
Form type
4
Filing time
05 Dec 2023, 18:31:49 UTC
Previous filing
21 Nov 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 Sale -$42,444 -810 -3.21% $52.4 24,402 01 Dec 2023 Direct F1
transaction PEGA Common stock Options Exercise $0 +588 +2.41% $0 24,990 01 Dec 2023 Direct F2
transaction PEGA Common stock Tax liability -$7,485 -144 -0.58% $51.98 24,846 01 Dec 2023 Direct
transaction PEGA Common stock Options Exercise $0 +193 +0.78% $0 25,039 04 Dec 2023 Direct F3
transaction PEGA Common stock Tax liability -$2,505 -47 -0.19% $53.3 24,992 04 Dec 2023 Direct
transaction PEGA Common stock Options Exercise $0 +334 +1.34% $0 25,326 04 Dec 2023 Direct F4
transaction PEGA Common stock Tax liability -$4,370 -82 -0.32% $53.3 25,244 04 Dec 2023 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 -588 -7.15% $0 7,640 01 Dec 2023 Common stock 588 $0 Direct F2, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -193 -10.04% $0 1,729 04 Dec 2023 Common stock 193 $0 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -334 -16.65% $0 1,672 04 Dec 2023 Common stock 334 $0 Direct F4, F6, F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Sold pursuant to a pre-arranged stock trading plan adopted by Mr. Trefler November 18, 2022 under Rule 10b5-1 of the Securities Exchange Act, as amended, as then in effect.
F2 Represents a 5% vesting on December 1, 2023. The original grant was 11,754 restricted stock units, with 20% vesting on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years.
F3 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 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.
F4 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 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.
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.