Pegasystems (PEGA) insider files Form 4 after RSU vesting; sales at $54.21
Rhea-AI Filing Summary
Insider transactions at Pegasystems Inc. (PEGA): Efstathios A. Kouninis, SVP of Finance & CAO, reported restricted stock unit vesting events and small open-market dispositions in early September 2025. Two original restricted stock unit grants (2,057 and 1,057 RSUs) had 5% tranches vesting on September 1 and September 2, 2025, with release on the next business day. The Form 4 shows disposals of 51 shares on 09/01/2025 and 26 shares on 09/02/2025 at $54.21 per share. All share amounts are restated for a 2-for-1 forward stock split effective June 20, 2025. The filing was signed by an attorney-in-fact on behalf of the reporting person.
Positive
- Disclosure clarity: The Form 4 specifies original RSU grant sizes (2,057 and 1,057), exact vesting tranches, and release dates
- Split adjustment noted: All share amounts are restated to reflect the 2-for-1 forward stock split effective June 20, 2025
Negative
- None.
Insights
TL;DR: Routine executive RSU vesting and modest sales likely for tax/liquidity; not a material corporate event.
The Form 4 discloses 5% vesting tranches from two historic RSU awards and subsequent release dates, plus small dispositions of 51 and 26 shares at $54.21 each. The transactions are administrative in nature and relate to equity compensation mechanics rather than operational performance. The restatement for the 2-for-1 split is properly noted. Given the small absolute sizes relative to an issuer-scale equity base, these disclosures are informational and unlikely to change investor valuation models.
TL;DR: Disclosure appears complete for Section 16 reporting; vesting schedule and split adjustments are clearly explained.
The filing details the original grant sizes (2,057 and 1,057 RSUs), the vesting pattern including the 5% vesting events on 09/01/2025 and 09/02/2025 with release dates the following business day, and restatement of share amounts after the June 20, 2025 2-for-1 forward split. Sales at $54.21 are recorded with exact share counts. The Form 4 is signed by an attorney-in-fact, satisfying signature requirements. From a governance and compliance viewpoint, the submission contains the required items for insider reporting.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 106 | $0.00 | -- |
| Exercise | Common stock | 106 | $0.00 | -- |
| Tax Withholding | Common stock | 26 | $54.21 | $1K |
| Exercise | Restricted Stock Units | 206 | $0.00 | -- |
| Exercise | Common stock | 206 | $0.00 | -- |
| Tax Withholding | Common stock | 51 | $54.21 | $3K |
Footnotes (1)
- Represents a 5% vesting on September 1, 2025, with a release date of September 2, 2025, the first business date following vesting. The original grant was 2,057 restricted stock units, with 20% vesting on March 1, 2023, and the remaining 80% vesting in equal quarterly installments over the remaining four years. Represents a 5% vesting on September 2, 2025. The original grant was 1,057 restricted stock units, with 20% vesting on March 2, 2022, and the remaining 80% vesting in equal quarterly installments over the remaining four years. Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock. All share amounts in this Form 4 have been restated to reflect a 2-for-1 forward stock split of Pegasystems Inc.'s common stock effectuated on June 20, 2025.
