Form 4 for PEGA PEGASYSTEMS INC
Accepted 2024-09-04 00:00:00 ET · period of report 2024-08-30 · accession 0001013857-24-000198 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-09-04 | 2024-08-30+ | PEGA | KOUNINIS EFSTATHIOS A | CAO, VP of Fin | F - Tax | $71.00 | -1,485 | 934 | -61% | -$105.4K |
| DM | 2024-09-04 | 2024-08-30+ | PEGA | KOUNINIS EFSTATHIOS A | CAO, VP of Fin | M - OptEx | $30.87 | +2,592 | 2,362 | New | +$80.0K |
| D | 2024-09-04 | 2024-08-30 | PEGA | KOUNINIS EFSTATHIOS A | CAO, VP of Fin | S - Sale+OE | $71.00 | -932 | 2 | -100% | -$66.2K |
| DM | 2024-09-04 | 2024-08-30+ | PEGA | KOUNINIS EFSTATHIOS A | CAO, VP of Fin | M - OptEx | $0.00 | -2,592 | 1,029 | -72% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common stock | 2024-09-03 | F | D | 25 | $70.88 | 79 | D | — | — | (F3) Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e). |
| 2 | Common | Common stock | 2024-09-03 | F | D | 19 | $70.88 | 177 | D | — | — | (F3) Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e). (F6) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 3 | Common | Common stock | 2024-09-03 | M | A | 77 | $0.00 | 196 | D | — | — | (F5) Represents a 5% vesting on September 3, 2024. The original grant was 1,533 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 4 | Common | Common stock | 2024-09-03 | F | D | 13 | $70.88 | 119 | D | — | — | (F3) Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e). |
| 5 | Common | Common stock | 2024-09-03 | M | A | 53 | $0.00 | 132 | D | — | — | (F4) Represents a 5% vesting on September 2, 2024, with a release date of September 3, 2024, the first business day following vesting. The original grant was 1,057 restricted stock units, with 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 6 | Common | Common stock | 2024-09-03 | M | A | 102 | $0.00 | 104 | D | — | — | (F2) Represents a 5% vesting on September 1, 2024, with a release date of September 3, 2024, the first business day following vesting. The original grant was 2,057 restricted stock units, with 20% vesting on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years. |
| 7 | Common | Common stock | 2024-08-30 | S | D | 932 | $71.00 | 2 | D | — | — | |
| 8 | Common | Common stock | 2024-08-30 | F | D | 1,428 | $71.00 | 934 | D | — | — | (F1) Represents the exercise price of the stock options referenced in Table II and Mr. Kouninis's tax liability, which were paid by way of the Company withholding shares of equal value. |
| 9 | Common | Common stock | 2024-08-30 | M | A | 2,360 | $33.90 | 2,362 | D | — | — | |
| 10 | Derivative | Restricted Stock Units | 2024-09-03 | M | D | 77 | $0.00 | 153 | D | $0.00 · 2021-03-03 to — | 77 Common stock | (F8) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F5) Represents a 5% vesting on September 3, 2024. The original grant was 1,533 restricted stock units, with 20% vesting on March 3, 2021, and the remaining 80% vesting in equal quarterly installments over the remaining four years. (F9) Once vested, the shares of common stock are not subject to expiration. |
| 11 | Derivative | Restricted Stock Units | 2024-09-03 | M | D | 53 | $0.00 | 317 | D | $0.00 · 2022-03-02 to — | 53 Common stock | (F8) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F4) Represents a 5% vesting on September 2, 2024, with a release date of September 3, 2024, the first business day following vesting. The original grant was 1,057 restricted stock units, with 20% vesting on March 2, 2022, with the remaining 80% vesting in equal quarterly installments over the remaining four years. (F9) Once vested, the shares of common stock are not subject to expiration. |
| 12 | Derivative | Stock Options | 2024-08-30 | M | D | 2,360 | $0.00 | 10,620 | D | $33.90 · 2023-02-02 to 2032-11-02 | 2,360 Common stock | (F7) Options will vest in equal quarterly installments over a four year period. The first vest occurred on February 2, 2023. |
| 13 | Derivative | Restricted Stock Units | 2024-09-03 | M | D | 102 | $0.00 | 1,029 | D | $0.00 · 2023-03-01 to — | 102 Common stock | (F8) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F2) Represents a 5% vesting on September 1, 2024, with a release date of September 3, 2024, the first business day following vesting. The original grant was 2,057 restricted stock units, with 20% vesting on March 1, 2023, with the remaining 80% vesting in equal quarterly installments over the remaining four years. (F9) Once vested, the shares of common stock are not subject to expiration. |