Welcome to our dedicated page for PEGASYSTEMS SEC filings (Ticker: PEGA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Pegasystems Inc. filings document regulatory disclosures for a Massachusetts software company whose business centers on AI-powered enterprise transformation, workflow automation, customer engagement, and legacy-system modernization. Current 8-K reports record quarterly and annual financial results, Pega Cloud and Annual Contract Value metrics, share repurchase authorization updates, exit and disposal activity costs, and litigation-related events.
Proxy materials disclose board matters, executive compensation, equity awards, pay-versus-performance data, and shareholder voting items. Other current reports describe executive incentive compensation plans and governance actions tied to the company's operating and capital-allocation framework.
Pegasystems Inc. reported second-quarter 2026 results with total revenue of $420.7M, up 9% year over year. Subscription revenue contributed 88% of total, driven by Pega Cloud revenue of $213.9M, up 28%. However, GAAP net income declined to $13.3M from $30.1M, while non-GAAP net income rose to $59.5M, up 19%, reflecting higher adjustments including legal fees and stock-based compensation.
For the first half of 2026, revenue was $850.7M, slightly below 2025, but cash flow from operations reached $298.2M and free cash flow $288.3M, both modestly higher. Management highlighted “record first-half cash flow” and significant capital returned to shareholders, consistent with $349.0M of cash used in financing activities. Pega Cloud Annual Contract Value grew 22% to $926.3M, and total ACV increased 7%, while backlog rose 10% to $2.0B. The company noted that unprecedented changes in the AI market have caused clients to delay purchasing decisions, significantly slowing ACV growth in 2026 and potentially pressuring growth for the rest of the year.
Pegasystems Inc. held its 2026 Annual Meeting of Shareholders on June 16, 2026, where investors voted on directors, executive pay, and the auditor. All eight director nominees, including Alan Trefler and Sharon Rowlands, were reelected, each receiving over 137 million votes in favor.
Shareholders approved the company’s executive compensation in a non-binding advisory vote, with 148,608,236 votes for and 3,960,275 against. They also ratified Deloitte & Touche LLP as independent registered public accounting firm for the year ending December 31, 2026, with 157,745,439 votes for and 1,927,638 against.
Pegasystems Inc. senior executive EFSTATHIOS A. KOUNINIS reported selling company stock. As SVP and Chief Accounting Officer, he completed open-market sales totaling 750 shares of Pegasystems common stock on June 16, 2026 at prices around $32.31 per share, according to a Form 4 insider filing.
Efstathios A. Kouninis reported a proposed sale of 750 shares of Common Stock related to restricted stock vesting under a registered plan. The filing also discloses recent open-market sales of 1,000, 750, and 750 shares on 03/17/2026, 05/29/2026, and 06/01/2026. Shares outstanding were 167,116,000 as of 06/16/2026.
Pegasystems Inc. executive Leon Trefler reported routine equity compensation activity involving restricted stock units and related tax withholding. On the reported date, he exercised 2,658 restricted stock units into an equal number of common shares and had 1,046 of those shares withheld to cover tax obligations.
After these transactions, Trefler directly held 123,011 shares of Pegasystems common stock and 7,974 restricted stock units. The filing characterizes the disposition as payment of tax liability by delivering securities rather than an open-market sale.
Pegasystems COO and CFO Kenneth Stillwell reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 7, 2026, he exercised RSUs that delivered 5,222 shares of common stock. To cover tax obligations, 2,055 shares were disposed of at $34.71 per share through a tax-withholding mechanism rather than an open-market sale.
After these transactions, Stillwell directly held 117,752 shares of Pegasystems common stock. In addition, 1,908 shares were reported as indirectly owned through his children. The filing notes that each restricted stock unit converts into one share of common stock after vesting, with this award vesting 25% initially and the remainder in equal quarterly installments over three years.
Pegasystems SVP and Chief Accounting Officer Efstathios Kouninis exercised 332 restricted stock units into common stock on June 7, 2026. To cover tax obligations, 81 shares of common stock were withheld in a tax-related disposition. Following these routine compensation transactions, he holds 3,126 common shares directly and 998 unvested restricted stock units that continue to vest over time.
Pegasystems Inc. executive John Gerard Higgins reported routine equity compensation activity. He exercised 2,278 restricted stock units into common stock and, in a separate transaction, 1,272 common shares were withheld to cover tax obligations at a value of $34.71 per share. Following these transactions, he directly holds 56,463 shares of common stock and 6,836 restricted stock units that continue to vest over time.