Pegasystems exec exercises 25,920 stock options

Pegasystems Inc. executive Kenneth Stillwell, the COO and CFO, reported a set of option-related transactions in company stock.

Accepted by SEC EDGAR 08/11/2026 - 04:10 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Pegasystems Inc. executive Kenneth Stillwell, the COO and CFO, reported a set of option-related transactions in company stock. He exercised 25,920 stock options at an exercise price of $16.95 per share, receiving an equivalent number of common shares. On the same date, 18,292 common shares were delivered or withheld to pay the exercise price or tax liability at $32.93 per share. The option series being exercised vests in 16 equal quarterly installments over four years beginning on the stated exercisable date. In addition, 1,908 common shares are reported as held indirectly for the reporting person’s children.

Insider Trade Summary

25,920 shares exercised/converted

Exercise 3 txns

Insider STILLWELL KENNETH

Role COO, CFO

Type	Security	Shares	Price	Value
Exercise	Stock Options F1	25,920	$0.00	$0.00
Exercise	Common stock	25,920	$16.95	$439K
Exercise Price or Tax Liability	Common stock	18,292	$32.93	$602K
Holding	Common stock	--	--	--

Holdings After Transaction: Stock Options — 25,920 contracts (Direct); Common stock — 125,633 shares (Direct); Common stock — 1,908 shares (Indirect, Reporting Person's children)

Footnotes (1)

1. F1. This stock option vests in 16 equal quarterly installments over a four-year period beginning on the Date Exercisable in Table II.

Key Figures

Options exercised: 25,920 shares Option exercise price: $16.95 per share Shares delivered/withheld: 18,292 shares +3 more

6 metrics

Options exercised 25,920 shares Stock options exercised into common stock on 2026-08-10

Option exercise price $16.95 per share Exercise price for 25,920 stock options

Shares delivered/withheld 18,292 shares Common shares for payment of exercise price or tax liability at $32.93 per share

Share price for Code F $32.93 per share Value used for payment of exercise price or tax liability

Option expiration 2032-11-02 Expiration date of the exercised stock option grant

Indirect holdings 1,908 shares Common stock held indirectly for reporting person’s children

Key Terms

Stock Options, Common stock, Payment of exercise price or tax liability by delivering or withholding securities, Indirect ownership

4 terms

Stock Options financial

"The security title is listed as "Stock Options" in one transaction."

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

Common stock financial

"Several transactions involve the security title "Common stock"."

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Payment of exercise price or tax liability by delivering or withholding securities financial

"Code F is described as "Payment of exercise price or tax liability by delivering or withholding securities"."

Indirect ownership financial

"A holding entry notes indirect ownership as "Reporting Person's children"."

FAQ

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

What did Pegasystems (PEGA) executive Kenneth Stillwell report in this Form 4?

Kenneth Stillwell reported exercising 25,920 stock options at $16.95 per share, receiving the same number of common shares, and a related disposition of 18,292 shares to cover exercise price or tax liability.

How many Pegasystems (PEGA) options did Kenneth Stillwell exercise and at what price?

He exercised 25,920 stock options for Pegasystems common stock at an exercise price of $16.95 per share. These options relate to a grant that vests in 16 equal quarterly installments over four years.

What does the Code F transaction mean in the Pegasystems (PEGA) Form 4?

The Code F entry reports that 18,292 common shares were delivered or withheld at $32.93 per share for payment of exercise price or tax liability connected with the option exercise.

Does Kenneth Stillwell report any indirect Pegasystems (PEGA) holdings?

Yes. The filing lists 1,908 Pegasystems common shares held indirectly, described as owned by the reporting person’s children, in addition to directly held and transacted shares.

When do the exercised Pegasystems (PEGA) stock options expire?

The exercised stock options expire on November 2, 2032. They vest in 16 equal quarterly installments over four years beginning on the specified exercisable date referenced in the option disclosure.

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

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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 MASSACHUSETTS 02451

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/10/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/10/2026		M		25,920	A	$16.95	143,925	D
Common stock	08/10/2026		F		18,292	D	$32.93	125,633	D
Common stock								1,908	I	Reporting Person's children

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	08/10/2026		M			25,920	02/02/2023(1)	11/02/2032	Common stock	25,920	$0	25,920	D

Explanation of Responses:

1. This stock option vests in 16 equal quarterly installments over a four-year period beginning on the Date Exercisable in Table II.

Remarks:

	/s/Kathryn Leach, Attorney-in-Fact for Kenneth Stillwell	08/11/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)