Kenneth Stillwell - Feb 14, 2025 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Kenneth Stillwell
Stock symbol
PEGA
Transactions as of
Feb 14, 2025
Transactions value $
-$873,919
Form type
4
Date filed
2/19/2025, 05:01 PM
Previous filing
Feb 14, 2025
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
transaction PEGA Common stock Options Exercise $485K +8.23K +56.91% $58.95 22.7K Feb 14, 2025 Direct
transaction PEGA Common stock Tax liability -$542K -6.38K -28.12% $84.95 16.3K Feb 14, 2025 Direct F1
transaction PEGA Common stock Sale -$157K -1.85K -11.34% $84.77 14.5K Feb 14, 2025 Direct
transaction PEGA Common stock Options Exercise $439K +13K +89.59% $33.90 27.4K Feb 14, 2025 Direct
transaction PEGA Common stock Tax liability -$601K -7.07K -25.77% $84.95 20.4K Feb 14, 2025 Direct F1
transaction PEGA Common stock Sale -$499K -5.89K -28.94% $84.71 14.5K Feb 14, 2025 Direct F2, 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 Stock Options Options Exercise $0 -8.23K -100% $0.00 0 Feb 14, 2025 Common stock 8.23K $58.95 Direct F4
transaction PEGA Stock Options Options Exercise $0 -13K -12.5% $0.00 90.7K Feb 14, 2025 Common stock 13K $33.90 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of the stock options referenced in Table II and Mr. Stillwell's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Represents the weighted average of sale prices, ranging from $84.71 to $84.73. The individual has provided the Company, and undertakes to provide to the staff of the Securities and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Options vested 20% on March 5, 2019, with the remaining 80% vesting in equal quarterly amounts over the following four years.
F5 Options will vest in equal quarterly installments over a four year period. The first vest occurred on February 2, 2023.