Pegasystems (PEGA) CPO exercises 2,278 RSUs, 669 shares withheld for taxes

Rhea-AI Filing Summary

Pegasystems Inc. Chief Product Officer Rifat Kerim Akgonul reported routine equity compensation activity. He exercised restricted stock units covering 2,278 shares of common stock, converting them from derivative awards into shares he now holds directly.

To cover tax obligations, 669 common shares were withheld at a price of $47.24 per share, leaving a net 1,609 additional common shares from this vesting. Following these transactions, he directly owns 111,429 shares of common stock and 9,114 restricted stock units, which represent rights to receive the same number of shares as they vest over time.

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)
03/07/2026

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	03/07/2026		M		2,278(1)	A	$0	112,098	D
Common stock	03/07/2026		F		669	D	$47.24	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
Restricted Stock Units(1)	$0	03/07/2026		M			2,278	03/07/2024(2)	03/07/2027	Common stock	2,278	$0	9,114	D

Explanation of Responses:

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

2. This restricted stock unit award vested 25% on the Date Exercisable in Table II, with the remaining 75% vesting in equal quarterly amounts over the remaining 3 years.

Remarks:

	/s/Kathryn Leach, Attorney-in-Fact for Rifat Kerim Akgonul	03/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Pegasystems (PEGA) Chief Product Officer report?

Pegasystems Chief Product Officer Rifat Kerim Akgonul exercised restricted stock units for 2,278 common shares. A portion of these shares was withheld to satisfy taxes, turning previously awarded stock units into directly held common shares as part of routine compensation.

How many Pegasystems (PEGA) shares were acquired and withheld in this Form 4?

Akgonul acquired 2,278 common shares through restricted stock unit vesting. Of these, 669 shares were withheld at $47.24 per share to cover tax obligations, leaving 1,609 additional common shares credited to his direct holdings after the transaction.

Did the Pegasystems (PEGA) Chief Product Officer sell any shares in this filing?

The filing shows no open-market sale. Instead, 669 shares of common stock were disposed of only as tax withholding at $47.24 per share, which is a standard mechanism companies use to satisfy employees’ tax liabilities on vested equity awards.

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

After these transactions, Akgonul directly holds 111,429 shares of Pegasystems common stock. He also holds 9,114 restricted stock units, each representing the right to receive one additional common share as the awards continue to vest over time.

What do the restricted stock unit terms mean in the Pegasystems (PEGA) Form 4?

Each restricted stock unit equals one share of Pegasystems common stock once vested. The award vested 25% on the initial vesting date, with the remaining 75% vesting in equal quarterly installments over three years, creating a steady, time-based equity compensation schedule.