Form 4 for PEGA PEGASYSTEMS INC
Accepted 2025-05-13 00:00:00 ET · period of report 2025-05-09 · accession 0001013857-25-000132 · 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 | 2025-05-13 | 2025-05-09 | PEGA | Akgonul Rifat Kerim | Chief Product Off | M - OptEx | $40.59 | +24.0K | 56.6K | +74% | +$974.0K |
| DM | 2025-05-13 | 2025-05-09 | PEGA | Akgonul Rifat Kerim | Chief Product Off | F - Tax | $92.77 | -16.9K | 47.8K | -26% | -$1.57M |
| DM | 2025-05-13 | 2025-05-09 | PEGA | Akgonul Rifat Kerim | Chief Product Off | S - Sale+OE | $92.86 | -7,097 | 47.3K | -13% | -$659.0K |
| DM | 2025-05-13 | 2025-05-09 | PEGA | Akgonul Rifat Kerim | Chief Product Off | M - OptEx | $0.00 | -24.0K | 77.7K | -24% | $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 | 2025-05-09 | M | A | 12,000 | $33.90 | 59,804 | D | — | — | |
| 2 | Common | Common stock | 2025-05-09 | F | D | 8,067 | $92.77 | 51,737 | D | — | — | (F1) Represents the exercise price of the stock options referenced in Table II and Mr. Akgonul's tax liability, which were paid by way of the Company withholding shares of equal value. |
| 3 | Common | Common stock | 2025-05-09 | S | D | 2,643 | $92.92 | 44,640 | D | — | — | (F3) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. |
| 4 | Common | Common stock | 2025-05-09 | F | D | 8,836 | $92.77 | 47,804 | D | — | — | (F1) Represents the exercise price of the stock options referenced in Table II and Mr. Akgonul's tax liability, which were paid by way of the Company withholding shares of equal value. |
| 5 | Common | Common stock | 2025-05-09 | M | A | 12,000 | $47.27 | 56,640 | D | — | — | |
| 6 | Common | Common stock | 2025-05-09 | S | D | 4,454 | $92.82 | 47,283 | D | — | — | (F2) Represents the weighted average of sale prices, ranging from $92.81 to $92.88. 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. |
| 7 | Derivative | Stock Options | 2025-05-09 | M | D | 12,000 | $0.00 | 6,227 | D | $47.27 · 2025-03-07 to 2033-03-07 | 12,000 Common stock | (F4) On March 7, 2023, the reporting person was granted an option to purchase 18,227 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. |
| 8 | Derivative | Stock Options | 2025-05-09 | M | D | 12,000 | $0.00 | 77,682 | D | $33.90 · 2023-02-02 to 2032-11-02 | 12,000 Common stock | (F5) Options will vest in equal quarterly installments over a four year period with the first vest occurring on February 2, 2023. |