Pegasystems product chief exercises 1,176 RSUs

Pegasystems’ chief product officer exercised 1,176 RSUs into common stock, with 569 shares withheld to cover exercise price or tax obligations.

Rhea-AI Filing Summary

PEGASYSTEMS INC (PEGA) reported that Chief Product Officer Rifat Kerim Akgonul exercised previously granted restricted stock units on September 1, 2026, converting 1,176 RSUs into an equal number of shares of common stock. In connection with this vesting, 569 common shares were delivered or withheld to cover payment of exercise price or tax liability. Following the RSU exercise, Akgonul held 2,350 restricted stock units directly. No Rule 10b5-1 trading plan is reported for these transactions.

Insider Trade Summary

1,176 shares exercised/converted

Exercise 3 txns

Insider Akgonul Rifat Kerim

Role Chief Product Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units F1, F2	1,176	$0.00	$0.00
Exercise	Common stock	1,176	$0.00	$0.00
Exercise Price or Tax Liability	Common stock	569	$36.81	$21K

Holdings After Transaction: Restricted Stock Units — 2,350 contracts (Direct); Common stock — 108,656 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.
2. F2. 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.

Key Figures

RSUs exercised: 1,176 units Common shares acquired: 1,176 shares Shares delivered/withheld for exercise price or tax liability: 569 shares +2 more

5 metrics

RSUs exercised 1,176 units Restricted stock units converted into common stock on September 1, 2026

Common shares acquired 1,176 shares Common stock received from RSU exercise on September 1, 2026

Shares delivered/withheld for exercise price or tax liability 569 shares Common stock used to cover exercise price or tax liability at $36.81 per share

Price per share for tax/exercise settlement $36.81 per share Applied to 569 common shares delivered or withheld on September 1, 2026

RSUs held after transaction 2,350 units Directly owned restricted stock units following the September 1, 2026 exercise

Key Terms

Restricted Stock Units, Common stock, Payment of exercise price or tax liability by delivering or withholding securities

3 terms

Restricted Stock Units financial

"Each restricted stock unit represents the right to receive, following vesting, one share"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Common stock financial

"each restricted stock unit represents the right to receive, following vesting, one share of common stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Payment of exercise price or tax liability by delivering or withholding securities financial

"transaction code F described as payment of exercise price or tax liability"

FAQ

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

What insider transaction did PEGA’s Chief Product Officer report on September 1, 2026?

On September 1, 2026, PEGA Chief Product Officer Rifat Kerim Akgonul exercised 1,176 restricted stock units, receiving the same number of common shares. As part of this event, 569 common shares were delivered or withheld to pay the exercise price or associated tax liability.

How many Pegasystems (PEGA) RSUs did the executive convert into common stock?

Rifat Kerim Akgonul converted 1,176 restricted stock units into 1,176 shares of Pegasystems common stock on September 1, 2026, through an exercise or conversion of derivative securities reported on the Form 4.

How many Pegasystems (PEGA) shares were withheld for exercise price or taxes in this Form 4?

In connection with the RSU vesting and share delivery, 569 shares of Pegasystems common stock were delivered or withheld at a reported price of $36.81 per share to pay the exercise price or tax liability.

What are the Chief Product Officer’s remaining Pegasystems RSU holdings after this transaction?

After the September 1, 2026 RSU exercise, Chief Product Officer Rifat Kerim Akgonul directly held 2,350 restricted stock units, each representing a right to receive one share of Pegasystems common stock upon vesting, as disclosed in the Form 4.

Were the reported PEGA insider transactions made under a Rule 10b5-1 plan?

No. The Form 4 indicates that the transactions were not reported as being made under a Rule 10b5-1 trading plan, meaning there is no affirmation that they occurred pursuant to a pre-arranged trading agreement.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 09/02/2026 - 04:09 PM EDT Accepted by SEC EDGAR 09/02/2026 - 04:09 PM EDT Learn about SEC filing dates

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 MASSACHUSETTS 02451

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2026

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

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

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

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	09/01/2026		M		1,176	A	$0	109,225	D
Common stock	09/01/2026		F		569	D	$36.81	108,656	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	09/01/2026		M			1,176(1)	03/01/2023(2)	03/01/2027	Common stock	1,176	$0	2,350	D

Explanation of Responses:

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

2. 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/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul	09/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)