Pegasystems (NASDAQ: PEGA) CPO reports RSU conversion and 647-share tax withholding

Rhea-AI Filing Summary

Pegasystems Chief Product Officer Rifat Kerim Akgonul reported RSU vesting and related share withholding. On the reported date, 2,202 restricted stock units were converted into 2,202 shares of common stock at a stated price of $0.00 per share. A separate transaction shows 647 common shares disposed of at $47.05 per share to cover tax obligations associated with the vesting. After these transactions, Akgonul directly owned 109,820 shares of Pegasystems common stock. The footnotes explain that each restricted stock unit converts into one share after vesting, with 25% vesting initially and the remaining 75% vesting in equal quarterly installments over three years.

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)
03/05/2026

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	03/05/2026		M		2,202(1)	A	$0	110,467	D
Common stock	03/05/2026		F		647	D	$47.05	109,820	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	$0	03/05/2026		M			2,202(1)	03/05/2025(2)	03/05/2028	Common stock	2,202	$0	17,608	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.

2. 25% of the restricted stock units vest on the Date Exercisable in Table II, and the remaining 75% vest in equal quarterly installments over the following three years.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul	03/09/2026
	** 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 insider transactions did Pegasystems (PEGA) disclose for Rifat Kerim Akgonul?

Pegasystems reported that Chief Product Officer Rifat Kerim Akgonul had 2,202 restricted stock units convert into 2,202 common shares. A separate transaction disposed of 647 common shares at $47.05 per share to satisfy tax obligations tied to the RSU vesting.

Was the Pegasystems (PEGA) Form 4 a stock purchase or sale by the CPO?

The Form 4 shows RSU vesting and tax withholding, not an open-market trade. 2,202 restricted stock units converted into common shares, while 647 shares were disposed of at $47.05 per share to pay taxes from the vesting event.

How many Pegasystems (PEGA) shares does Rifat Kerim Akgonul own after these Form 4 transactions?

After the reported RSU conversion and tax-withholding disposition, Chief Product Officer Rifat Kerim Akgonul directly owns 109,820 shares of Pegasystems common stock. This figure reflects the net position following the 2,202-share acquisition and 647-share tax-related disposal.

How do the Pegasystems (PEGA) restricted stock units for Akgonul vest over time?

Each restricted stock unit converts into one share of common stock after vesting. According to the disclosure, 25% of the RSUs vest on the initial vesting date, while the remaining 75% vest in equal quarterly installments over the following three years.

What is the significance of transaction codes M and F in the Pegasystems (PEGA) Form 4?

Code M indicates the exercise or conversion of a derivative security, here 2,202 RSUs converting into common shares at $0.00. Code F reflects 647 shares disposed of at $47.05 per share to satisfy tax liabilities associated with the RSU vesting event.