Pegasystems CPO exercises 6,098 RSUs in September
Pegasystems’ Chief Product Officer converted vested RSUs into common stock over three days, with part of the new shares withheld to cover costs.
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Form Type
4
Rhea-AI Filing Summary
PEGASYSTEMS INC (PEGA) reported that Chief Product Officer Rifat Kerim Akgonul exercised previously granted restricted stock units into common stock on three dates in early September 2026. On each date, shares of common stock were issued upon vesting and a portion of those shares was delivered or withheld to cover exercise price or tax liability.
Insider Trade Summary
6,098 shares exercised/converted
Exercise
9 txns
Insider
Akgonul Rifat Kerim
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 2,280 | $0.00 | $0.00 |
| Exercise | Common stock | 2,280 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,103 | $37.36 | $41K |
| Exercise | Restricted Stock Units F1, F2 | 2,202 | $0.00 | $0.00 |
| Exercise | Common stock | 2,202 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,065 | $37.36 | $40K |
| Exercise | Restricted Stock Units F1, F2 | 1,616 | $0.00 | $0.00 |
| Exercise | Common stock | 1,616 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 782 | $37.72 | $29K |
Holdings After Transaction:
Restricted Stock Units — 33,916 contracts (Direct);
Common stock — 111,804 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.
- F2. 25% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 75% vest in equal quarterly installments over the following three years.
Key Figures
RSUs exercised September 7, 2026: 2,280 shares
RSUs exercised September 5, 2026: 2,202 shares
RSUs exercised September 4, 2026: 1,616 shares
+5 more
8 metrics
RSUs exercised September 7, 2026
2,280 shares
Restricted stock units converted into common stock on September 7, 2026
RSUs exercised September 5, 2026
2,202 shares
Restricted stock units converted into common stock on September 5, 2026
RSUs exercised September 4, 2026
1,616 shares
Restricted stock units converted into common stock on September 4, 2026
Total RSUs exercised
6,098 shares
Sum of restricted stock units converted into common stock across the three reported dates
Shares withheld or delivered September 7, 2026
1,103 shares at $37.36 per share
Common shares delivered or withheld for payment of exercise price or tax liability
Shares withheld or delivered September 5, 2026
1,065 shares at $37.36 per share
Common shares delivered or withheld for payment of exercise price or tax liability
Shares withheld or delivered September 4, 2026
782 shares at $37.72 per share
Common shares delivered or withheld for payment of exercise price or tax liability
Total shares withheld or delivered
2,950 shares
Total common shares used for payment of exercise price or tax liability across all three dates
Key Terms
Restricted Stock Units, vesting, tax liability
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.
vesting financial
"represents the right to receive, following vesting, one share of common stock"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
tax liability financial
"Payment of exercise price or tax liability by delivering or withholding securities"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity transactions did PEGA’s Chief Product Officer report on this Form 4?
The Chief Product Officer reported three exercises of restricted stock units into common stock in early September 2026, with common shares issued at no exercise price and a portion of those new shares delivered or withheld to satisfy exercise price or tax liability.
How many PEGASYSTEMS (PEGA) RSUs were exercised in this Form 4?
The reporting person exercised restricted stock units covering 6,098 shares of common stock in total: 2,280 shares on September 7, 2,202 shares on September 5, and 1,616 shares on September 4, 2026, each unit converting into one share of common stock after vesting.
Were the RSU conversions for PEGA subject to a vesting schedule?
Yes. Each restricted stock unit represents one share of common stock after vesting. For these awards, 25% of the units vested on the stated initial vesting date, and the remaining 75% vest in equal quarterly installments over the following three years, as disclosed.
Was a Rule 10b5-1 trading plan used for these PEGA insider transactions?
No. The filing indicates that these transactions were not reported as being carried out under a Rule 10b5‑1 trading plan, so there is no representation that they occurred pursuant to a pre‑arranged trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
