Kenneth Stillwell - Apr 25, 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
Apr 25, 2025
Transactions value $
-$2,620,027
Form type
4
Date filed
4/29/2025, 05:09 PM
Previous filing
Apr 3, 2025
Next filing
May 5, 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 $1.42M +30K +139.57% $47.27 51.5K Apr 25, 2025 Direct
transaction PEGA Common stock Tax liability -$1.93M -21.3K -41.43% $90.25 30.2K Apr 25, 2025 Direct F1
transaction PEGA Common stock Sale -$774K -8.67K -28.73% $89.36 21.5K Apr 25, 2025 Direct F2
transaction PEGA Common stock Options Exercise $1.48M +31.3K +145.74% $47.27 52.8K Apr 25, 2025 Direct
transaction PEGA Common stock Tax liability -$2.01M -22.3K -42.18% $90.25 30.5K Apr 25, 2025 Direct F1
transaction PEGA Common stock Sale -$809K -9.05K -29.62% $89.36 21.5K Apr 25, 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 -30K -100% $0.00 0 Apr 25, 2025 Common stock 30K $47.27 Direct F4
transaction PEGA Stock Options Options Exercise $0 -31.3K -100% $0.00 0 Apr 25, 2025 Common stock 31.3K $47.27 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 $89.33 to $89.49. The individual has provided the Company, and undertakes to provide to the staff of the Security 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 On March 7, 2023, the reporting person was granted an option to purchase 40,000 shares of common stock. The option vested in two installments: 25% vested on the first anniversary of the date of grant, and 75% vested on the second anniversary of the date of grant.
F5 On March 7, 2023, the reporting person was granted an option to purchase 41,768 shares of common stock. The option vested in two installments: 25% vested on the first anniversary of the date of grant, and 75% vested on the second anniversary of the date of grant.