Pegasystems (PEGA) CPO exercises 30,000 options, nets 111,429 shares

Rhea-AI Filing Summary

Pegasystems Chief Product Officer Rifat Kerim Akgonul exercised stock options for 30,000 shares of common stock at an exercise price of $23.64 per share. The options were fully vested at the time of exercise.

To cover related obligations, 21,912 shares were disposed of at $43.49 per share as a tax-withholding transaction, and 8,088 shares were sold in an open-market transaction at $43.565 per share. After these transactions, Akgonul directly owned 111,429 shares of Pegasystems common stock.

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^*

Akgonul Rifat Kerim

(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 Product Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/11/2026

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	03/11/2026		M		30,000	A	$23.64	141,429	D
Common stock	03/11/2026		F		21,912	D	$43.49	119,517	D
Common stock	03/11/2026		S		8,088	D	$43.565	111,429	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
Stock Options	$23.64	03/11/2026		M			30,000	03/07/2025(1)	03/07/2033	Common stock	30,000	$0	30,000	D

Explanation of Responses:

1. This option is fully vested.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul	03/13/2026
	** 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).
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FAQ

What insider transactions did Pegasystems (PEGA) report for Rifat Kerim Akgonul?

Pegasystems reported that Chief Product Officer Rifat Kerim Akgonul exercised options for 30,000 common shares at $23.64, then had 21,912 shares withheld for taxes and sold 8,088 shares in the open market at $43.565, leaving 111,429 shares directly owned.

How many Pegasystems (PEGA) shares does Rifat Kerim Akgonul hold after this Form 4?

After the reported transactions, Rifat Kerim Akgonul directly owns 111,429 shares of Pegasystems common stock. This reflects the 30,000 shares acquired through option exercise, reduced by 21,912 shares for tax withholding and 8,088 shares sold in the open market.

At what prices did the Pegasystems (PEGA) insider transactions occur on this Form 4?

The options were exercised at $23.64 per share, while tax-withholding dispositions occurred at $43.49 per share. The open-market sale of 8,088 Pegasystems common shares was executed at $43.565 per share, according to the Form 4 transaction details.

Was the Pegasystems (PEGA) option exercised by Rifat Kerim Akgonul fully vested?

Yes. A footnote states that the Pegasystems stock option exercised by Rifat Kerim Akgonul was fully vested. He exercised options for 30,000 underlying common shares, then handled tax withholding and an open-market sale as part of the same transaction sequence.

What types of transactions are shown in this Pegasystems (PEGA) Form 4?

The Form 4 shows an option exercise (code M) acquiring 30,000 common shares, a tax-withholding disposition of 21,912 shares (code F), and an open-market sale of 8,088 shares (code S). Together, these transactions result in 111,429 Pegasystems shares directly owned.