Pegasystems (PEGA) executive logs RSU conversion and tax share disposition

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Form Type

Rhea-AI Filing Summary

PEGASYSTEMS INC executive John Gerard Higgins reported equity award activity involving restricted stock units and common shares. On March 5, 2026, he acquired 2,202 restricted stock units through an exercise or conversion, which correspond to 2,202 common shares at $0.00 per share.

Following this, he disposed of 1,229 common shares at $47.05 per share to cover tax obligations associated with the award vesting. After these transactions, his direct common stock holdings were 51,797 shares, and direct restricted stock unit holdings were 17,608 units.

Insider Trade Summary

2,202 shares exercised/converted

Mixed 3 txns

Insider Higgins John Gerard

Role Chief, Client &Partner Success

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	2,202	$0.00	--
Exercise	Common stock	2,202	$0.00	--
Tax Withholding	Common stock	1,229	$47.05	$58K

Holdings After Transaction: Restricted Stock Units — 17,608 shares (Direct); Common stock — 53,026 shares (Direct)

Footnotes (1)

Each restricted stock unit represents the right to receive, following vesting, one share of common stock. 25% of the restricted stock units vest on the Date Exercisable in Table II, and the remaining 75% vest in equal quarterly installments over the following three years.

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Form 4 Insider Transactions: What Each Field Means →

03/09/2026 - 04:23 PM

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

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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^*

Higgins John Gerard

(Last)

(First)

(Middle)

C/O PEGASYSTEMS INC.

225 WYMAN STREET, STE 300

(Street)

WALTHAM

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, Client &Partner Success

3. Date of Earliest Transaction (Month/Day/Year)
03/05/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock	03/05/2026		M		2,202⁽¹⁾	A	$0	53,026	D
Common stock	03/05/2026		F		1,229	D	$47.05	51,797	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	$0	03/05/2026		M			2,202⁽¹⁾	03/05/2025⁽²⁾	03/05/2028	Common stock	2,202	$0	17,608	D

Explanation of Responses:

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

2. 25% of the restricted stock units vest on the Date Exercisable in Table II, and the remaining 75% vest in equal quarterly installments over the following three years.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for John Gerard Higgins	03/09/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Source: View Original Filing on SEC EDGAR

FAQ

What did John Gerard Higgins report in this PEGA Form 4 filing?

John Gerard Higgins reported vesting-related equity transactions at Pegasystems. He exercised 2,202 restricted stock units into common shares at $0.00 per share, then disposed of 1,229 shares at $47.05 per share to satisfy associated tax obligations.

How many Pegasystems (PEGA) shares does Higgins hold after the reported transactions?

After the reported transactions, John Gerard Higgins directly holds 51,797 shares of Pegasystems common stock. He also directly holds 17,608 restricted stock units, each representing a right to receive one share of common stock following vesting, according to the filing footnotes.

What type of equity awards are involved in the PEGA Form 4 for Higgins?

The Form 4 for John Gerard Higgins involves restricted stock units and common stock. Each restricted stock unit represents the right to receive one share of common stock after vesting, and 2,202 units were converted into common shares in the reported transaction.

Why were 1,229 Pegasystems shares disposed of in this Form 4?

The 1,229 Pegasystems common shares were disposed of to cover tax liabilities related to the equity award. The filing labels this as a tax-withholding disposition at $47.05 per share, rather than an open-market sale initiated for investment purposes.

How do the restricted stock units for PEGA vest for Higgins?

According to the footnotes, 25% of the restricted stock units vest on the initial exercisable date. The remaining 75% vest in equal quarterly installments over the following three years, gradually delivering additional common shares as they vest.