Were Alan Trefler’s PEGA share sales part of a planned program or discretionary trades?

The reported Pegasystems share sales were executed under a pre‑arranged Rule 10b5‑1 trading plan. According to the filing, Trefler adopted this plan on November 11, 2025, and the February 2026 transactions were carried out pursuant to those preset trading instructions.

Pegasystems (PEGA) CEO Alan Trefler sells 29,672 shares in planned trades

Filing Impact

(Very High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Pegasystems Inc. CEO and Chairman Alan Trefler reported open‑market sales of company common stock. On February 17 and 18, 2026, he sold a total of 29,672 shares at prices around $45 per share in open‑market transactions.

The sales were made under a pre‑arranged Rule 10b5‑1 trading plan adopted on November 11, 2025. After these transactions, Trefler directly holds 44,319,782 common shares and also reports additional indirect holdings through several named trusts.

Insider Trade Summary

Net Seller: 29,672 shares ($1,337,187)

Net Sell 6 txns

Insider TREFLER ALAN

Role C.E.O. & Chairman

Sold 29,672 shs ($1.34M)

Type	Security	Shares	Price	Value
Sale	Common stock	17,930	$45.03	$807K
Sale	Common stock	11,742	$45.12	$530K
holding	Common stock	--	--	--
holding	Common stock	--	--	--
holding	Common stock	--	--	--
holding	Common stock	--	--	--

Holdings After Transaction: Common stock — 44,319,782 shares (Direct); Common stock — 8,703,426 shares (Indirect, Alan N. Trefler Grantor Retained Annuity Trust II of 2024)

Footnotes (1)

Sold pursuant to a pre-arranged trading plan adopted by Mr. Trefler on November 11, 2025 under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Represents the weighted average of sale prices, ranging from $45.00 to $45.37. 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. Represents the weighted average of sale prices, ranging from $45.00 to $45.26. 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.

Form 4 Insider Transactions: What Each Field Means →

02/19/2026 - 04:25 PM

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^*

TREFLER ALAN

(Last)

(First)

(Middle)

C/O PEGASYSTEMS INC.

225 WYMAN STREET, STE 300

(Street)

WALTHAM

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)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	C.E.O. & Chairman

3. Date of Earliest Transaction (Month/Day/Year)
02/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock	02/17/2026		S		11,742⁽¹⁾	D	$45.12⁽²⁾	44,337,712	D
Common stock	02/18/2026		S		17,930⁽¹⁾	D	$45.03⁽³⁾	44,319,782	D
Common stock								8,703,426	I	Alan N. Trefler Grantor Retained Annuity Trust II of 2024
Common stock								2,071,585	I	The Trefler 2025 Trust
Common stock								10,879,283	I	Alan N. Trefler Grantor Retained Annuity Trust I of 2024
Common stock								10,876,525	I	Alan N. Trefler Irrevocable Non-GST Trust of 2022

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Sold pursuant to a pre-arranged trading plan adopted by Mr. Trefler on November 11, 2025 under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

2. Represents the weighted average of sale prices, ranging from $45.00 to $45.37. 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.

3. Represents the weighted average of sale prices, ranging from $45.00 to $45.26. 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.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for Alan Trefler	02/19/2026
	** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PEGA CEO Alan Trefler report on this Form 4?

Alan Trefler reported selling Pegasystems common stock in the open market. The filing shows two sale transactions of company shares on February 17 and 18, 2026, executed as open‑market or private sales under a pre‑arranged Rule 10b5‑1 trading plan.

How many PEGASYSTEMS INC (PEGA) shares did Alan Trefler sell and at what prices?

Alan Trefler sold a total of 29,672 Pegasystems common shares. He sold 11,742 shares at $45.12 per share and 17,930 shares at $45.03 per share, with weighted average prices reflecting sale ranges disclosed in the filing’s explanatory footnotes.

What is the Rule 10b5-1 trading plan mentioned in the PEGA Form 4 filing?

The sales were made under a Rule 10b5‑1 trading plan adopted by Alan Trefler. This pre‑arranged plan, established on November 11, 2025, allows scheduled stock sales according to predetermined instructions, helping separate personal trading decisions from day‑to‑day possession of material nonpublic information.

How many PEGASYSTEMS INC (PEGA) shares does Alan Trefler own after these sales?

After the reported transactions, Alan Trefler directly holds 44,319,782 Pegasystems common shares. The Form 4 also lists additional indirect ownership positions held through several trusts, reported separately from his direct holdings, reflecting broader beneficial ownership interests associated with the CEO and Chairman.

What details about pricing are disclosed for Alan Trefler’s PEGA stock sales?

The filing lists per‑share prices of $45.03 and $45.12 for the reported sales. Footnotes explain these are weighted average prices, with actual individual sale prices ranging between $45.00 and $45.37, and between $45.00 and $45.26, with full breakdowns available upon request.