Pegasystems (PEGA) exec exercises 25,920 options; sells 11,442

Pegasystems (PEGA): Form 4 insider activity — COO/CFO Kenneth Stillwell exercised stock options for 25,920 shares at $16.95 on 11/03/2025, then disposed of shares through tax withholding and an open-market sale.

Rhea-AI Filing Summary

Pegasystems (PEGA): Form 4 insider activity — COO/CFO Kenneth Stillwell exercised stock options for 25,920 shares at $16.95 on 11/03/2025, then disposed of shares through tax withholding and an open-market sale. The filing shows 14,478 shares were withheld to cover taxes at a price of $62.29, and 11,442 shares were sold at a $62.18 weighted average price, with trade prices ranging from $62.07 to $62.31.

Following these transactions, the reporting person beneficially owned 127,826 shares directly. The exercised options came from a grant priced at $16.95, originally vesting in equal quarterly installments beginning 02/02/2023 and expiring on 11/02/2032. After the exercise, 103,680 derivative securities (options) remained beneficially owned.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 4 txns

Insider STILLWELL KENNETH

Role COO, CFO

Sold 11,442 shs ($711K)

Approx. gross sale proceeds $711K

Approx. exercise cost $439K

Type	Security	Shares	Price	Value
Exercise	Stock Options	25,920	$0.00	$0.00
Exercise	Common stock	25,920	$16.95	$439K
Exercise Price or Tax Liability	Common stock	14,478	$62.29	$902K
Sale	Common stock	11,442	$62.18	$711K

Holdings After Transaction: Stock Options — 103,680 contracts (Direct); Common stock — 127,826 shares (Direct)

Footnotes (2)

1. F1. Represents the weighted average of sale prices, ranging from $62.07 to $62.31. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
2. F2. This option vests in equal quarterly installments over a four-year period, with the first installment vesting on the Date Exercisable set forth in Table II.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did PEGA’s COO/CFO report on Form 4?

He exercised 25,920 options at $16.95, had 14,478 shares withheld for taxes at $62.29, and sold 11,442 shares at a $62.18 weighted average price on 11/03/2025.

How many PEGA shares does the insider own after the transactions?

He beneficially owned 127,826 shares directly after the reported transactions.

What is the remaining option position for the PEGA insider?

He beneficially owned 103,680 derivative securities (stock options) after the exercise.

What were the sale price details disclosed?

The open-market sale’s weighted average price was $62.18, with prices ranging from $62.07 to $62.31.

What are the key dates tied to the options?

The option grant vests quarterly beginning 02/02/2023 and expires on 11/02/2032.

What roles does the reporting person hold at Pegasystems (PEGA)?

He is an Officer, serving as COO, CFO.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 11/05/2025 - 05:03 PM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

STILLWELL KENNETH

(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)
	COO, CFO

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2025

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	11/03/2025		M		25,920	A	$16.95	153,746	D
Common stock	11/03/2025		F		14,478	D	$62.29	139,268	D
Common stock	11/03/2025		S		11,442	D	$62.18(1)	127,826	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	$16.95	11/03/2025		M			25,920	02/02/2023(2)	11/02/2032	Common stock	25,920	$0	103,680	D

Explanation of Responses:

1. Represents the weighted average of sale prices, ranging from $62.07 to $62.31. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.

2. This option vests in equal quarterly installments over a four-year period, with the first installment vesting on the Date Exercisable set forth in Table II.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for Kenneth Stillwell	11/05/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.