[Form 4] PEGASYSTEMS INC Insider Trading Activity

Rhea-AI Filing Summary

Pegasystems Inc. executive Leon Trefler acquired additional stock options through performance-based vesting. On February 10, 2026, 84,000 stock options became vested and were reported as acquired at a grant price of $0, with an exercise price of $31.05 per share.

These options relate to an award originally granted on March 5, 2024, which vests in two installments tied to Pegasystems’ performance for fiscal years 2024 and 2025. Pegasystems achieved 160% of the performance criteria for the year ended December 31, 2025, triggering vesting of 84,000 underlying common shares. Following this transaction, Trefler directly holds 101,500 derivative securities linked to Pegasystems common stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Trefler Leon

Role Chief of Clients and Markets

Type	Security	Shares	Price	Value
Grant/Award	Stock Options	84,000	$0.00	--

Holdings After Transaction: Stock Options — 101,500 shares (Direct)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

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 Leon

(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 of Clients and Markets

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2026

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

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	$31.05	02/10/2026		A		84,000(1)		03/05/2025	03/05/2034	Common stock	84,000	$0	101,500	D

Explanation of Responses:

1. On March 5, 2024, the reporting person was granted an option to purchase shares of Pegasystems common stock. The option vests in two installments, with 25% to vest on the first anniversary of the date of grant based on the Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2024, and 75% to vest on the second anniversary of the date of grant based on Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2025. Pegasystems overachieved the performance criteria for the fiscal year ended December 31, 2025 at 160%, resulting in vesting of the option as to 84,000 shares.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for Leon Trefler	02/12/2026
	** 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.

FAQ

What did Pegasystems (PEGA) executive Leon Trefler report in this Form 4?

Leon Trefler reported the vesting and acquisition of 84,000 stock options linked to Pegasystems common stock. These options became exercisable after the company’s performance exceeded set criteria, and increased his directly held derivative securities position to 101,500 options.

How many Pegasystems (PEGA) stock options vested for Leon Trefler?

A total of 84,000 Pegasystems stock options vested for Leon Trefler on February 10, 2026. These options stem from a March 5, 2024 grant and are tied to the company’s achievement of multi-year performance targets for its 2024 and 2025 fiscal years.

What performance result triggered Leon Trefler’s Pegasystems (PEGA) option vesting?

Pegasystems overachieved its performance criteria for the fiscal year ended December 31, 2025 at 160%. This overachievement triggered vesting of 84,000 shares underlying Trefler’s March 5, 2024 stock option award, which is tied to multi-year performance goals.

What is the exercise price of Leon Trefler’s newly vested Pegasystems (PEGA) options?

The newly vested stock options have an exercise price of $31.05 per share for Pegasystems common stock. While the grant itself was reported at a price of $0, exercising the options to buy shares requires paying the stated $31.05 per share.

How many Pegasystems (PEGA) derivative securities does Leon Trefler hold after this transaction?

After this transaction, Leon Trefler beneficially owns 101,500 derivative securities directly. These consist of stock options tied to Pegasystems common stock, including the 84,000 options that vested based on the company’s 2025 fiscal year performance.

What role does Leon Trefler hold at Pegasystems (PEGA)?

Leon Trefler serves as Pegasystems’ Chief of Clients and Markets. His Form 4 filing reflects compensation in the form of performance-based stock options, aligning his interests with company performance over the 2024 and 2025 fiscal years.