Pegasystems (NASDAQ: PEGA) exec exercises RSUs; shares withheld for tax

Rhea-AI Filing Summary

Pegasystems executive John Gerard Higgins, Chief, Client & Partner Success, exercised 2,278 restricted stock units into common stock and had 1,272 shares withheld to cover taxes at $47.24 per share. After these compensation-related transactions, he holds 52,803 common shares and 9,114 restricted stock units directly.

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)
03/07/2026

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	03/07/2026		M		2,278(1)	A	$0	54,075	D
Common stock	03/07/2026		F		1,272	D	$47.24	52,803	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(1)	$0	03/07/2026		M			2,278	03/07/2024(2)	03/07/2027	Common stock	2,278	$0	9,114	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive, upon vesting, one share of the issuer's common stock.

2. This restricted stock unit award vested 25% on the Date Exercisable in Table II, with the remaining 75% vesting in equal quarterly amounts over the remaining 3 years.

Remarks:

	/s/Kathryn Leach, Attorney-in-Fact for John Gerard Higgins	03/10/2026
	** 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).
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FAQ

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

John Gerard Higgins exercised 2,278 restricted stock units into Pegasystems common stock and had 1,272 shares withheld to cover taxes at $47.24 per share. These transactions were compensation-related rather than open-market trading activity.

How many Pegasystems (PEGA) shares does John Gerard Higgins hold after these transactions?

After the reported transactions, John Gerard Higgins directly holds 52,803 shares of Pegasystems common stock and 9,114 restricted stock units. These holdings reflect his updated equity position following the RSU exercise and related tax-withholding share disposition.

Were John Gerard Higgins’ Pegasystems (PEGA) transactions open-market buys or sales?

The transactions were not open-market buys or sales. Higgins exercised 2,278 restricted stock units into common stock and 1,272 shares were disposed of to satisfy tax obligations, a standard tax-withholding mechanism rather than discretionary market trading.

What price was used for the Pegasystems (PEGA) tax-withholding shares?

For the tax-withholding disposition, 1,272 Pegasystems common shares were valued at $47.24 per share. Those shares were withheld to satisfy tax liabilities arising from the restricted stock unit exercise described in the Form 4 filing.

How do John Gerard Higgins’ Pegasystems (PEGA) restricted stock units vest?

Each restricted stock unit entitles Higgins to one Pegasystems common share upon vesting. The award vested 25% on the initial exercisable date, with the remaining 75% vesting in equal quarterly installments over the following three years, according to the footnote disclosure.

What type of transaction does code M represent in this Pegasystems (PEGA) Form 4?

Transaction code M in this filing represents an exercise or conversion of a derivative security. Higgins converted 2,278 restricted stock units into Pegasystems common stock, updating his non-derivative holdings while reducing his outstanding derivative award by the same amount.