ALAN TREFLER - 06 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
06 Dec 2023
Transactions value $
-$49,683
Form type
4
Filing time
08 Dec 2023, 17:18:36 UTC
Previous filing
05 Dec 2023
Next filing
21 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 +1,952 +0.01% $0 24,777,800 06 Dec 2023 Direct F1
transaction PEGA Common stock Tax liability -$49,682 -944 -0% $52.63 24,776,856 06 Dec 2023 Direct F2, F3
holding PEGA Common stock 4,257,521 06 Dec 2023 Alan N. Trefler Grantor Retained Annuity Trust I of 2022
holding PEGA Common stock 7,500,000 06 Dec 2023 Alan N. Trefler Grantor Retained Annuity Trust I of 2023
holding PEGA Common stock 3,242,479 06 Dec 2023 Alan N. Trefler Grantor Retained Annuity Trust II of 2023

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 -1,952 -50.01% $0 1,951 06 Dec 2023 Common stock 1,952 $0 Direct F1, F4, F5
* 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 December 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 Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e).
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
F5 Once vested, the shares of common stock are not subject to expiration.