Form 4 for PEGA PEGASYSTEMS INC
Accepted 2024-12-12 00:00:00 ET · period of report 2024-12-10 · accession 0001013857-24-000281 · 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 | 2024-12-12 | 2024-12-10 | PEGA | STILLWELL KENNETH | COO, CFO | S - Sale+OE | $94.67 | -6,200 | 18.5K | -25% | -$587.0K |
| DM | 2024-12-12 | 2024-12-10 | PEGA | STILLWELL KENNETH | COO, CFO | F - Tax | $94.58 | -14.2K | 21.6K | -40% | -$1.35M |
| DM | 2024-12-12 | 2024-12-10 | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $47.27 | +20.4K | 28.9K | +241% | +$966.3K |
| DM | 2024-12-12 | 2024-12-10 | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $0.00 | -20.4K | 0 | -100% | $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 | 2024-12-10 | S | D | 3,031 | $94.68 | 18,466 | D | — | — | (F3) 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. (F4) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 2 | Common | Common stock | 2024-12-10 | F | D | 6,969 | $94.52 | 21,497 | D | — | — | (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. |
| 3 | Common | Common stock | 2024-12-10 | M | A | 10,000 | $47.27 | 28,466 | D | — | — | |
| 4 | Common | Common stock | 2024-12-10 | S | D | 3,169 | $94.67 | 18,466 | D | — | — | (F2) 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. |
| 5 | Common | Common stock | 2024-12-10 | F | D | 7,273 | $94.64 | 21,635 | D | — | — | (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. |
| 6 | Common | Common stock | 2024-12-10 | M | A | 10,442 | $47.27 | 28,908 | D | — | — | |
| 7 | Derivative | Stock Options | 2024-12-10 | M | D | 10,000 | $0.00 | 0 | D | $47.27 · 2024-03-07 to 2033-03-07 | 10,000 Common stock | (F6) 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. |
| 8 | Derivative | Stock Options | 2024-12-10 | M | D | 10,442 | $0.00 | 0 | D | $47.27 · 2024-03-07 to 2033-03-07 | 10,442 Common stock | (F5) 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. |