Pegasystems CPO sells 7,000 shares after RSU vest

Pegasystems Chief Product Officer Rifat Kerim Akgonul reported multiple equity transactions.

Accepted by SEC EDGAR 03/03/2026 - 04:14 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Pegasystems Chief Product Officer Rifat Kerim Akgonul reported multiple equity transactions. On March 1–2, he converted a total of 1,636 restricted stock units into the same number of common shares at $0 per share. Shares were withheld to cover taxes, and 7,000 common shares were sold in an open-market transaction at a weighted-average price of $43.8435 per share. Following these moves, he directly owned 99,962 common shares of Pegasystems.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 7 txns

Insider Akgonul Rifat Kerim

Role Chief Product Officer

Sold 7,000 shs ($307K)

Approx. gross sale proceeds $307K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	462	$0.00	$0.00
Exercise	Common stock	462	$0.00	$0.00
Exercise Price or Tax Liability	Common stock	161	$43.73	$7K
Sale	Common stock	7,000	$43.8435	$307K
Exercise	Restricted Stock Units	1,174	$0.00	$0.00
Exercise	Common stock	1,174	$0.00	$0.00
Exercise Price or Tax Liability	Common stock	407	$43.73	$18K

Holdings After Transaction: Restricted Stock Units — 4,702 contracts (Direct); Common stock — 99,962 shares (Direct)

Footnotes (3)

1. F1. Represents the weighted average of sale prices, ranging from $43.84 to $43.86. 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.
2. F2. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.
3. F3. 20% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 80% vest in equal quarterly installments over the following four years.

FAQ

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

What insider transactions did Pegasystems (PEGA) report for Rifat Kerim Akgonul?

Rifat Kerim Akgonul reported RSU conversions and share sales. He converted 1,636 restricted stock units into common shares, had shares withheld for taxes, and sold 7,000 common shares in an open-market transaction at a weighted-average price of $43.8435 per share.

How many Pegasystems (PEGA) shares did the CPO sell in the latest Form 4?

The Chief Product Officer sold 7,000 common shares of Pegasystems. The sale was executed as an open-market transaction at a weighted-average price of $43.8435 per share, as disclosed in the Form 4 footnotes.

What price did Pegasystems (PEGA) shares sell for in the disclosed insider sale?

The disclosed insider sale used a weighted-average price of $43.8435 per share. Footnotes state individual sale prices ranged from $43.84 to $43.86, and detailed trade breakdowns are available from the company or the insider on request.

How many Pegasystems (PEGA) shares does the CPO own after these transactions?

After the reported transactions, the Chief Product Officer directly owned 99,962 common shares of Pegasystems. This figure reflects RSU conversions, tax-withholding share dispositions, and the 7,000-share open-market sale reported in the Form 4.

What happened to the Pegasystems (PEGA) restricted stock units in this Form 4?

Restricted stock units were converted into common shares as they vested. Each RSU represents the right to receive one share of common stock, and vesting occurs 20% initially with the remaining 80% in equal quarterly installments over four years.

Why were some Pegasystems (PEGA) shares disposed of for tax withholding?

Some common shares were surrendered to satisfy tax obligations from RSU vesting. These tax-withholding dispositions, coded “F” on the Form 4, used a price of $43.73 per share to cover exercise price or related tax liabilities.

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

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Akgonul Rifat Kerim

(Last) (First) (Middle)

C/O PEGASYSTEMS INC.

225 WYMAN STREET, STE 300

(Street)

WALTHAM MA 02451

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PEGASYSTEMS INC [ PEGA ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Product Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock	03/01/2026		M		1,174	A	$0	107,068	D
Common stock	03/01/2026		F		407	D	$43.73	106,661	D
Common stock	03/02/2026		M		462	A	$0	107,123	D
Common stock	03/02/2026		F		161	D	$43.73	106,962	D
Common stock	03/02/2026		S		7,000	D	$43.8435(1)	99,962	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$0	03/01/2026		M			1,174(2)	03/01/2023(3)	03/01/2027	Common stock	1,174	$0	4,702	D
Restricted Stock Units	$0	03/02/2026		M			462(2)	03/02/2022(3)	03/02/2026	Common stock	462	$0	0	D

Explanation of Responses:

1. Represents the weighted average of sale prices, ranging from $43.84 to $43.86. 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.

2. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.

3. 20% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 80% vest in equal quarterly installments over the following four years.

Remarks:

	/s/Kathryn Leach, Attorney-in-Fact for Rifat Kerim Akgonul	03/03/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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