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Filing Details

Accession Number:: 0001013857-24-000281
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2024-12-12 17:04:56
Reporting Period:: 2024-12-10

Accepted Time:: 2024-12-12 17:04:56
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1013857	Pegasystems Inc	PEGA	Services-Computer Processing & Data Preparation (7374)	042787865

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1680115	Kenneth Stillwell	C/O Pegasystems Inc. One Main Street Cambridge MA 02142	Coo, Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2024-12-10	10,442	$47.27	28,908	No	4	M	Direct
Common Stock	Disposition	2024-12-10	7,273	$94.64	21,635	No	4	F	Direct
Common Stock	Disposition	2024-12-10	3,169	$94.67	18,466	No	4	S	Direct
Common Stock	Acquisiton	2024-12-10	10,000	$47.27	28,466	No	4	M	Direct
Common Stock	Disposition	2024-12-10	6,969	$94.52	21,497	No	4	F	Direct
Common Stock	Disposition	2024-12-10	3,031	$94.68	18,466	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options	Disposition	2024-12-10	10,442	$0.00	10,442	$47.27
Common Stock	Stock Options	Disposition	2024-12-10	10,000	$0.00	10,000	$47.27

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2024-03-07	2033-03-07	No	4	M	Direct
0	2024-03-07	2033-03-07	No	4	M	Direct

Footnotes

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.
Represents the weighted average of sale prices, ranging from $94.67 to $94.70. 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.
Represents the weighted average of sale prices, ranging from $94.50 to $94.70. 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.
Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
On March 7, 2023, the reporting person was granted an option to purchase 41,768 shares of common stock. The option vests in two instalments, 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, 2023 were met in full, resulting in vesting of the option as to 10,442 shares.
On March 7, 2023, the reporting person was granted an option to purchase 40,000 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, 2023 were met in full, resulting in vesting of the option as to 10,000 shares.