Rifat Kerim Akgonul - Feb 12, 2025 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role: Chief Product Officer
Signature: /s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul
Stock symbol: PEGA
Transactions as of: Feb 12, 2025
Transactions value $: $0
Form type: 4
Date filed: 2/14/2025, 05:09 PM
Previous filing: Dec 16, 2024
Next filing: Mar 4, 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	PEGA	Common stock						52.1K	Feb 12, 2025	Direct	F1

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	Stock Options	Award	$0	+13.7K	+299.98%	$0.00	18.2K	Feb 12, 2025	Common stock	13.7K	$47.27	Direct	F2
transaction	PEGA	Stock Options	Award	$0	+22.5K	+300%	$0.00	30K	Feb 12, 2025	Common stock	22.5K	$47.27	Direct	F3
transaction	PEGA	Stock Options	Award	$0	+7.5K		$0.00	7.5K	Feb 12, 2025	Common stock	7.5K	$62.10	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Does not include shares of common stock subject to unvested restricted stock units and/or options awards. Includes shares acquired on December 31, 2024 pursuant to the company stock purchase plan.
F2	On March 7, 2023, the reporting person was granted an option to purchase 18,227 shares of common stock. The option vests in two installments, with up to 25% to vest on the first anniversary of the date of grant based on the Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2023, and with up to 75% to vest on the second anniversary of the date of grant based on Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2024. The performance criteria for the fiscal year ended December 31, 2024 were met in full, resulting in vesting of the option as to 13,670 shares.
F3	On March 7, 2023, the reporting person was granted an option to purchase 30,000 shares of common stock. The option vests in two installments, with up to 25% to vest on the first anniversary of the date of grant based on the Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2023, and with up to 75% to vest on the second anniversary of the date of grant based on Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2024. The performance criteria for the fiscal year ended December 31, 2024 were met in full, resulting in vesting of the option as to 22,500 shares.
F4	On March 5, 2024, the reporting person was granted an option to purchase 30,000 shares of common stock. The option vests in two installments, with up to 25% to vest on the first anniversary of the date of grant based on the Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2024, and with up to 75% to vest on the second anniversary of the date of grant based on Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2025. The performance criteria for the fiscal year ended December 31, 2024 were met in full, resulting in vesting of the option as to 7,500 shares.