Form 4 for PEGA PEGASYSTEMS INC
Accepted 2025-03-06 00:00:00 ET · period of report 2025-03-04 · accession 0001013857-25-000059 · 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 | 2025-03-06 | 2025-03-05 | PEGA | Akgonul Rifat Kerim | Chief Product Off | M - OptEx | $0.00 | +6,966 | 59.0K | +13% | $0 |
| DM | 2025-03-06 | 2025-03-05 | PEGA | Akgonul Rifat Kerim | Chief Product Off | F - Tax | $77.63 | -2,043 | 57.7K | -3% | -$158.6K |
| DM | 2025-03-06 | 2025-03-04 | PEGA | Akgonul Rifat Kerim | Chief Product Off | A - Grant | $0.00 | +47.7K | 32.1K | New | $0 |
| DM | 2025-03-06 | 2025-03-05 | PEGA | Akgonul Rifat Kerim | Chief Product Off | M - OptEx | $0.00 | -6,966 | 13.2K | -35% | $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 | 2025-03-05 | M | A | 2,564 | $0.00 | 55,370 | D | — | — | (F1) Represents 100% vesting on March 5, 2025. The original grant was 2,564 restricted stock units, which were granted on March 5, 2024. As part of the Company's 2024 Corporate Incentive Compensation Plan (CICP), Mr. Akgonul elected to receive half of his annual bonus in RSUs. |
| 2 | Common | Common stock | 2025-03-05 | F | D | 753 | $77.63 | 54,617 | D | — | — | (F2) Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e). |
| 3 | Common | Common stock | 2025-03-05 | M | A | 4,402 | $0.00 | 59,019 | D | — | — | (F3) Represents a 25% vesting on March 5, 2025. The original grant was 17,609 restricted stock units, with the remaining 75% vesting in equal quarterly installments over the next three years. |
| 4 | Common | Common stock | 2025-03-05 | F | D | 1,290 | $77.63 | 57,729 | D | — | — | (F2) Tendered to issuer to satisfy tax withholding obligations of the reporting person, exempted pursuant to Rule 16b-3(e). (F4) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 5 | Derivative | Restricted Stock Units | 2025-03-04 | A | A | 2,660 | $0.00 | 2,660 | D | $0.00 · 2026-03-04 to — | 2,660 Common stock | (F5) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F6) Represents election by the individual, as part of the Company's Corporate Incentive Compensation Plan (CICP), to receive half of their annual bonus in RSUs, based upon the Company's stock price as of March 4, 2025. All RSUs vest 100% on March 4, 2026, subject to attainment of the CICP performance threshold funding for the year ending December 31, 2025. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 6 | Derivative | Restricted Stock Units | 2025-03-04 | A | A | 12,924 | $0.00 | 12,924 | D | $0.00 · 2026-03-04 to — | 12,924 Common stock | (F5) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F8) RSUs will vest 25% on March 4, 2026, with the remaining 75% vesting in equal quarterly installments over the next three years. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 7 | Derivative | Stock Options | 2025-03-04 | A | A | 32,145 | $0.00 | 32,145 | D | $77.63 · 2026-03-04 to 2035-03-04 | 32,145 Common stock | (F9) Options will vest 25% on March 4, 2026, with the remaining 75% vesting in equal quarterly installments over the next three years. |
| 8 | Derivative | Restricted Stock Units | 2025-03-05 | M | D | 2,564 | $0.00 | 0 | D | $0.00 · 2025-03-05 to — | 2,564 Common stock | (F5) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F1) Represents 100% vesting on March 5, 2025. The original grant was 2,564 restricted stock units, which were granted on March 5, 2024. As part of the Company's 2024 Corporate Incentive Compensation Plan (CICP), Mr. Akgonul elected to receive half of his annual bonus in RSUs. (F7) Once vested, the shares of common stock are not subject to expiration. |
| 9 | Derivative | Restricted Stock Units | 2025-03-05 | M | D | 4,402 | $0.00 | 13,207 | D | $0.00 · 2025-03-05 to — | 4,402 Common stock | (F5) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F3) Represents a 25% vesting on March 5, 2025. The original grant was 17,609 restricted stock units, with the remaining 75% vesting in equal quarterly installments over the next three years. (F7) Once vested, the shares of common stock are not subject to expiration. |