Leon Trefler - 01 Mar 2024 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 Mar 2024
Transactions value $
-$17,893
Form type
4
Filing time
05 Mar 2024, 18:37:16 UTC
Previous filing
22 Feb 2024
Next filing
07 Mar 2024
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 +588 +1.65% $0.00 36.1K 01 Mar 2024 Direct F1
transaction PEGA Common stock Tax liability -$9.3K -143 -0.4% $65.04 36K 01 Mar 2024 Direct F2
transaction PEGA Common stock Options Exercise $0 +192 +0.53% $0.00 36.2K 04 Mar 2024 Direct F3
transaction PEGA Common stock Tax liability -$3.13K -47 -0.13% $66.61 36.1K 04 Mar 2024 Direct F2
transaction PEGA Common stock Options Exercise $0 +335 +0.93% $0.00 36.5K 04 Mar 2024 Direct F4
transaction PEGA Common stock Tax liability -$5.46K -82 -0.22% $66.61 36.4K 04 Mar 2024 Direct F2, 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 -7.7% $0.00 7.05K 01 Mar 2024 Common stock 588 $0.00 Direct F1, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -192 -11.1% $0.00 1.54K 04 Mar 2024 Common stock 192 $0.00 Direct F3, F6, F7
transaction PEGA Restricted Stock Units Options Exercise $0 -335 -20.04% $0.00 1.34K 04 Mar 2024 Common stock 335 $0.00 Direct F4, F6, F7
* 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 1, 2024. 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.
F2 Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e).
F3 Represents a 5% vesting on March 2, 2024, with a release date of March 4, 2024, 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 March 3, 2024, with a release date of March 4, 2024, 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.