Pegasystems' Leon Trefler exercises 6,476 RSUs
Pegasystems’ Chief of Clients and Markets exercised 6,476 RSU-linked shares, with 2,549 shares withheld or delivered for exercise price or tax obligations.
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Form Type
4
Rhea-AI Filing Summary
PEGASYSTEMS INC (PEGA) reported that Leon Trefler, Chief of Clients and Markets, exercised restricted stock units into a total of 6,476 shares of common stock on September 4, 5, and 7, 2026. In related transactions, 2,549 shares of common stock were delivered or withheld to cover payment of exercise price or tax liability. No Rule 10b5-1 trading plan is reported.
Insider Trade Summary
6,476 shares exercised/converted
Exercise
9 txns
Insider
Trefler Leon
Role
Chief of Clients and Markets
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1, F2 | 2,658 | $0.00 | $0.00 |
| Exercise | Common stock | 2,658 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,046 | $37.36 | $39K |
| 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 | 867 | $37.36 | $32K |
| 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 | 636 | $37.72 | $24K |
Holdings After Transaction:
Restricted Stock Units — 34,676 contracts (Direct);
Common stock — 131,651 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
RSU Shares Exercised: 6,476 shares
Shares Withheld/Delivered for Exercise Price or Tax Liability: 2,549 shares
Exercise-Related Price September 4, 2026: $37.72 per share
+4 more
7 metrics
RSU Shares Exercised
6,476 shares
Total common shares from RSU exercises on September 4–7, 2026
Shares Withheld/Delivered for Exercise Price or Tax Liability
2,549 shares
Code F dispositions on September 4–7, 2026
Exercise-Related Price September 4, 2026
$37.72 per share
Common shares delivered or withheld for exercise price or tax liability
Exercise-Related Price September 5, 2026
$37.36 per share
Common shares delivered or withheld for exercise price or tax liability
Exercise-Related Price September 7, 2026
$37.36 per share
Common shares delivered or withheld for exercise price or tax liability
RSU Vesting Initial Tranche
25%
Initial vesting portion on first vesting date for these RSUs
Remaining RSU Vesting
75% over three years
Vests in equal quarterly installments over the following three years
Key Terms
Restricted Stock Units, derivative security, Rule 10b5-1, Payment of exercise price or tax liability
4 terms
Restricted Stock Units financial
"Each restricted stock unit represents the right to receive, following vesting"
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.
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
Payment of exercise price or 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 insider transactions did PEGA executive Leon Trefler report on this Form 4?
Leon Trefler reported exercises of restricted stock units into 6,476 shares of PEGASYSTEMS INC common stock on September 4, 5, and 7, 2026, with related dispositions of 2,549 shares to pay the exercise price or tax liability.
Were Leon Trefler’s PEGA transactions made under a Rule 10b5-1 trading plan?
No. The filing indicates that these transactions were not made pursuant to a Rule 10b5-1 trading plan, as the plan affirmation checkbox is marked false and no footnote describes such a plan.
How do Pegasystems (PEGA) restricted stock units reported here vest?
Each restricted stock unit represents the right to receive one share of common stock after vesting. For these RSUs, 25% vested on the applicable first vesting date, and the remaining 75% vest in equal quarterly installments over the following three years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
