Founder Alan Trefler plans 500,000-share PEGA (PEGA) Rule 144 sale

Rhea-AI Filing Summary

A person associated with PEGA has filed a Form 144 notice to sell 500,000 shares of common stock through Goldman Sachs & Co. LLC, with an indicated aggregate market value of $22,250,000. The planned sale is scheduled to begin around February 17, 2026 on the NASD market.

The shares were originally acquired as founder shares from the issuer on March 1, 1983. The notice also lists the seller, Alan Trefler, as having sold 45,000 shares on each of four separate dates during the past three months, indicating an ongoing selling program.

Insights

Equity markets analyst

Form 144 shows a sizable planned founder share sale under Rule 144.

This Form 144 details a planned sale of $22,250,000 in common stock, or 500,000 shares, by a holder of long-standing founder shares acquired in 1983. Sales will be executed through Goldman Sachs & Co. LLC on the NASD market.

The filing also lists four prior transactions of 45,000 shares each over the past three months by Alan Trefler, suggesting a structured selling pattern consistent with Rule 144 usage. Actual market impact will depend on execution over time relative to average trading volume.

The signer represents not knowing any material adverse, nonpublic information about the issuer’s operations, aligning with Rule 144 and, if applicable, Rule 10b5-1 protections. Subsequent disclosures in company filings can clarify whether this activity continues or changes in scale.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Goldman Sachs & Co. LLC 200 West Street New York NY 10282	500000	22250000	169043716	02/17/2026	NASD

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	03/01/1983	Founders Shares	The Issuer			500000	03/01/1983	None

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Alan Trefler 225 Wyman Street Waltham MA 02451	Common Stock	12/17/2025	45000	2615688
Alan Trefler 225 Wyman Street Waltham MA 02451	Common Stock	12/18/2025	45000	2640915
Alan Trefler 225 Wyman Street Waltham MA 02451	Common Stock	01/21/2026	45000	2205900
Alan Trefler 225 Wyman Street Waltham MA 02451	Common Stock	01/22/2026	45000	2230195.5

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the PEGA Form 144 filing disclose?

The Form 144 discloses a proposed sale of 500,000 PEGA common shares, with an aggregate market value of $22,250,000, to be sold through Goldman Sachs & Co. LLC on or about February 17, 2026 under Rule 144.

Who is selling shares in the PEGA Form 144 and how were they acquired?

The Form 144 lists Alan Trefler as the seller of founder shares. These common shares were acquired from the issuer on March 1, 1983, with the filing indicating they are long-held ownership rather than recent market purchases or gifts.

How many PEGA shares are planned to be sold and on which exchange?

The notice covers a planned sale of 500,000 shares of PEGA common stock. The filing states that trades are expected to occur on the NASD market, with Goldman Sachs & Co. LLC acting as the broker for these transactions.

What recent PEGA stock sales by Alan Trefler are disclosed?

The filing reports four prior sales by Alan Trefler over the past three months, each for 45,000 common shares, on December 17, 2025, December 18, 2025, January 21, 2026, and January 22, 2026, with each sale generating multimillion-dollar gross proceeds.

What representation does the seller make in the PEGA Form 144?

By signing the notice, the seller represents that they do not know any material adverse nonpublic information about the issuer’s current or prospective operations, which aligns with the requirements for relying on Rule 144 and, if applicable, a Rule 10b5-1 trading plan.

What is the outstanding PEGA share count referenced in this Form 144?

The Form 144 references 169,043,716 shares of common stock outstanding. This figure provides context for the relative size of the planned 500,000-share sale under Rule 144, helping investors gauge the scale versus the total share base.