Pegasystems (PEGA) executive gains 84,000 performance-based stock options

Rhea-AI Filing Summary

Pegasystems executive John Gerard Higgins reported an acquisition of derivative securities through option vesting. On February 10, 2026, he acquired 84,000 stock options with an exercise price of $31.05 per share, increasing his directly held stock options to 101,500.

These options were originally granted on March 5, 2024 and vest based on Pegasystems’ performance targets for fiscal years ended December 31, 2024 and 2025. The company overachieved its 2025 performance criteria at 160%, triggering vesting of the 84,000 options linked to that performance period.

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

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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 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, Client &Partner Success

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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

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
Stock Options	$31.05	02/10/2026		A		84,000(1)		03/05/2025	03/05/2034	Common stock	84,000	$0	101,500	D

Explanation of Responses:

1. On March 5, 2024, the reporting person was granted an option to purchase shares of Pegasystems common stock. The option vests in two installments, with 25% to vest on the first anniversary of the date of grant based on the Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2024, and 75% to vest on the second anniversary of the date of grant based on Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2025. Pegasystems overachieved the performance criteria for the fiscal year ended December 31, 2025 at 160%, resulting in vesting of the option as to 84,000 shares.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for John Gerard Higgins	02/12/2026
	** 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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FAQ

What insider transaction did Pegasystems (PEGA) report for John Gerard Higgins?

Pegasystems reported that executive John Gerard Higgins acquired 84,000 stock options on February 10, 2026. These options vested from a prior grant after performance targets were exceeded, bringing his directly held derivative securities to 101,500 stock options in total.

What type of securities did Higgins acquire in the latest Pegasystems (PEGA) Form 4?

Higgins acquired derivative securities in the form of stock options to purchase Pegasystems common stock. The options carry a $31.05 exercise price and were granted earlier, with vesting tied to Pegasystems meeting specified performance criteria for fiscal years 2024 and 2025.

Why did 84,000 Pegasystems (PEGA) stock options vest for John Gerard Higgins?

The 84,000 options vested because Pegasystems exceeded performance criteria for the fiscal year ended December 31, 2025. The company achieved 160% of its performance target, satisfying the conditions for the second vesting installment of a March 5, 2024 option grant.

What are the vesting terms of Higgins’ Pegasystems (PEGA) option grant?

The option grant dated March 5, 2024 vests in two installments: 25% on the first anniversary based on 2024 performance, and 75% on the second anniversary based on 2025 performance. Overachievement of the 2025 criteria at 160% caused 84,000 options to vest.

What is the exercise price of John Gerard Higgins’ Pegasystems (PEGA) options?

The reported stock options held by Higgins have an exercise price of $31.05 per share. This price was set in the original March 5, 2024 grant and applies to the 84,000 options that recently vested upon satisfaction of performance-based vesting conditions.

How many Pegasystems (PEGA) derivative securities does Higgins hold after this transaction?

Following the February 10, 2026 vesting event, Higgins beneficially owns 101,500 stock options directly. This figure reflects the addition of 84,000 newly vested options from the performance-based grant, as reported in the Form 4 filing’s derivative securities table.