STOCK TITAN

Pegasystems officer to sell 39,627 shares

An officer of Pegasystems Inc. filed a Rule 144 notice to sell 39,627 PEGA shares with an indicated value of about $1.42 million.

(Neutral)
(Neutral)
Form Type
144

Rhea-AI Filing Summary

PEGASYSTEMS INC (PEGA) received a Rule 144 notice from officer Kenneth Stillwell Jr. covering a proposed sale of 39,627 shares of common stock through Morgan Stanley Smith Barney LLC. The shares have an aggregate market value of $1,417,437.98, based on the prices used in the notice.

The filing states that the company had 164,404,945 shares of common stock outstanding, and that the planned sale date is September 11, 2026. The shares available for sale arise from multiple sources, including restricted stock vesting under a registered plan, previously exercised options, and purchases through an employee stock purchase plan.

Positive

  • None.

Negative

  • None.
Shares to be sold 39,627 shares Maximum common shares covered by the Rule 144 notice
Aggregate market value $1,417,437.98 Value of 39,627 Pegasystems Inc. shares referenced in the notice
Shares outstanding 164,404,945 shares Pegasystems Inc. common stock outstanding as referenced in the notice
Planned sale date September 11, 2026 Date listed for the proposed Rule 144 sale
Previously exercised options 8,184 shares One tranche of shares identified as from previously exercised options on May 14, 2025
Largest single restricted stock vesting tranche 7,044 shares Restricted stock vesting under a registered plan on March 5, 2025
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
Restricted Stock Vesting Under a Registered Plan financial
"Common | 12/07/2024 | Restricted Stock Vesting Under a Registered Plan |"
Previously Exercised Options financial
"Common | 05/14/2025 | Previously Exercised Options | Issuer"
Employee Stock Purchase Plan financial
"Shares Purchased Through Employee Stock Purchase Plan | Issuer"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing disclose for PEGA?

The notice discloses that officer Kenneth Stillwell Jr. plans to sell up to 39,627 shares of Pegasystems Inc. common stock under Rule 144 through a brokerage firm, with an indicated aggregate market value of $1,417,437.98 and a planned sale date of September 11, 2026.

How many PEGA shares are covered by the planned Rule 144 sale?

The filing covers a proposed sale of 39,627 shares of Pegasystems Inc. common stock. These shares are to be sold through Morgan Stanley Smith Barney LLC as noted in the Rule 144 securities information section.

What is the approximate market value of the PEGA shares in the Form 144?

The Form 144 lists an aggregate market value of $1,417,437.98 for the 39,627 shares of Pegasystems Inc. common stock covered by the notice, based on the valuation information included in the filing.

When is the planned sale date for the PEGA shares under this Rule 144 notice?

The filing indicates a planned sale date of September 11, 2026 for the Pegasystems Inc. common stock to be sold under Rule 144. This date appears in the securities information section of the notice.

How many PEGA shares were outstanding as referenced in the Form 144?

The Form 144 states that Pegasystems Inc. had 164,404,945 shares of common stock outstanding. This figure is provided in the securities information section as context for the planned Rule 144 sale.

What are the sources of the PEGA shares to be sold under Rule 144?

According to the filing, the shares to be sold come from restricted stock vesting under a registered plan, previously exercised options, and shares purchased through an Employee Stock Purchase Plan, with specific vesting and purchase dates listed between 2024 and 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates

144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Keep reading