Pegasystems (NASDAQ: PEGA) CPO sells shares after option exercise

Rhea-AI Filing Summary

Pegasystems Inc. Chief Product Officer Rifat Kerim Akgonul reported a combination of option exercises and share dispositions. He exercised stock options for 30,000 shares of common stock at $23.64 per share, converting a fully vested grant into owned shares. On the same date, he sold 7,594 shares of common stock in an open-market transaction at $43.39 per share and had 22,406 shares withheld at $43.36 per share to cover tax obligations. Following these transactions, he directly owns 119,023 shares of Pegasystems common stock.

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)
03/16/2026

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	03/16/2026		M		30,000	A	$23.64	141,429	D
Common stock	03/16/2026		F		22,406	D	$43.36	119,023	D
Common stock	03/16/2026		S		7,594	D	$43.39	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
Stock Options	$23.64	03/16/2026		M			30,000	03/07/2024(1)	03/07/2033	Common stock	30,000	$0	0	D

Explanation of Responses:

1. This stock option is fully vested.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul	03/17/2026
	** 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 transactions did Pegasystems (PEGA) report for Rifat Kerim Akgonul?

Pegasystems reported that Chief Product Officer Rifat Kerim Akgonul exercised options and disposed of shares. He exercised options for 30,000 shares, sold 7,594 shares in the open market, and had 22,406 shares withheld to satisfy tax obligations.

How many Pegasystems (PEGA) shares did the CPO sell in the latest Form 4?

The Chief Product Officer sold 7,594 shares of Pegasystems common stock. These shares were sold in an open-market transaction at a price of $43.39 per share, separate from additional shares withheld for tax obligations related to an option exercise.

What stock options did the Pegasystems (PEGA) CPO exercise?

The CPO exercised fully vested stock options covering 30,000 shares of Pegasystems common stock. The options had an exercise price of $23.64 per share, converting derivative securities into directly owned common shares on the reported transaction date.

How many Pegasystems (PEGA) shares were withheld for taxes in this filing?

A total of 22,406 Pegasystems shares were withheld to cover tax obligations. These shares were disposed of at $43.36 per share as part of a tax-withholding transaction tied to the exercise of stock options rather than an open-market sale.

What are the Pegasystems (PEGA) CPO’s holdings after these insider transactions?

After the reported transactions, the CPO directly holds 119,023 Pegasystems common shares. This figure reflects the 30,000 shares acquired through option exercise, minus the 7,594 shares sold and 22,406 shares withheld for taxes on the transaction date.

Were the Pegasystems (PEGA) stock options in this Form 4 fully vested?

Yes, the stock option exercised in this transaction was fully vested. A footnote specifies that the option was fully vested, meaning all 30,000 underlying shares were eligible for exercise when converted into Pegasystems common stock on the reported date.