Form 4 for PEGA PEGASYSTEMS INC
Accepted 2025-12-09 00:00:00 ET · period of report 2025-12-05 · accession 0001680115-25-000018 · 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 | 2025-12-09 | 2025-12-05 | PEGA | STILLWELL KENNETH | COO, CFO | S - Sale+OE | $57.87 | -14.4K | 131.6K | -10% | -$833.6K |
| DM | 2025-12-09 | 2025-12-05+ | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $26.53 | +58.9K | 161.9K | +57% | +$1.56M |
| DM | 2025-12-09 | 2025-12-05+ | PEGA | STILLWELL KENNETH | COO, CFO | F - Tax | $57.67 | -39.6K | 134.8K | -23% | -$2.28M |
| DM | 2025-12-09 | 2025-12-05+ | PEGA | STILLWELL KENNETH | COO, CFO | M - OptEx | $0.00 | -58.9K | 26.1K | -69% | $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 | 2025-12-05 | S | D | 7,821 | $57.89 | 138,205 | D | — | — | |
| 2 | Common | Common stock | 2025-12-05 | S | D | 5,586 | $57.86 | 132,619 | D | — | — | (F2) Represents the weighted average of sale prices, ranging from $57.86 to $57.89. 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. |
| 3 | Common | Common stock | 2025-12-05 | S | D | 998 | $57.75 | 131,621 | D | — | — | (F3) Represents the weighted average of sale prices, ranging from $57.70 to $57.80. 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. |
| 4 | Common | Common stock | 2025-12-07 | M | A | 5,222 | $0.00 | 136,843 | D | — | — | (F1) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. |
| 5 | Common | Common stock | 2025-12-05 | F | D | 35,833 | $57.56 | 146,026 | D | — | — | |
| 6 | Common | Common stock | 2025-12-05 | M | A | 20,000 | $31.05 | 181,859 | D | — | — | |
| 7 | Common | Common stock | 2025-12-05 | F | D | 1,733 | $57.00 | 132,619 | D | — | — | |
| 8 | Common | Common stock | 2025-12-05 | M | A | 4,402 | $0.00 | 134,352 | D | — | — | (F1) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. |
| 9 | Common | Common stock | 2025-12-07 | F | D | 2,055 | $60.11 | 134,788 | D | — | — | |
| 10 | Common | Common stock | 2025-12-05 | M | A | 29,240 | $32.18 | 161,859 | D | — | — | |
| 11 | Derivative | Stock Options | 2025-12-05 | M | D | 20,000 | $0.00 | 0 | D | $31.05 · 2025-03-05 to 2034-03-05 | 20,000 Common stock | (F6) On March 5, 2024, the reporting person was granted an option to purchase 80,000 shares of common stock. The option vests in two installments, with up to 25% to vest on the Date Exercisable in Table II based on Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2024, 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, 2025. The performance criteria for the fiscal year ended December 31, 2024 were met in full, resulting in vesting of the option as to 20,000 shares. |
| 12 | Derivative | Restricted Stock Units | 2025-12-05 | M | D | 4,402 | $0.00 | 39,620 | D | $0.00 · 2025-03-05 to 2028-03-05 | 4,402 Common stock | (F1) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F4) This restricted stock unit award vested 25% on the Date Exercisable in Table II, with the remaining 75% vesting in equal quarterly amounts over the remaining 3 years. |
| 13 | Derivative | Stock Options | 2025-12-05 | M | D | 29,240 | $0.00 | 0 | D | $32.18 · 2020-03-06 to 2029-03-06 | 29,240 Common stock | (F5) This stock option is fully vested. |
| 14 | Derivative | Restricted Stock Units | 2025-12-07 | M | D | 5,222 | $0.00 | 26,104 | D | $0.00 · 2024-03-07 to 2027-03-07 | 5,222 Common stock | (F1) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. (F4) This restricted stock unit award vested 25% on the Date Exercisable in Table II, with the remaining 75% vesting in equal quarterly amounts over the remaining 3 years. |