Pegasystems officer exercises RSUs, covers tax with shares
Pegasystems Inc Chief Product Officer Rifat Kerim Akgonul exercised restricted stock units into common stock and used some shares to cover taxes.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Pegasystems Inc Chief Product Officer Rifat Kerim Akgonul exercised restricted stock units into common stock and used some shares to cover taxes. On June 4–5, 2026, he acquired 3,816 common shares from RSU vesting, with 1,846 shares withheld for tax obligations, and now directly holds about 109,647 common shares.
Insider Trade Summary
3,816 shares exercised/converted
Exercise
6 txns
Insider
Akgonul Rifat Kerim
Role
Chief Product Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 2,200 | $0.00 | $0.00 |
| Exercise | Common stock | 2,200 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 1,064 | $35.44 | $38K |
| Exercise | Restricted Stock Units | 1,616 | $0.00 | $0.00 |
| Exercise | Common stock | 1,616 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common stock | 782 | $35.11 | $27K |
Holdings After Transaction:
Restricted Stock Units — 33,178 contracts (Direct);
Common stock — 109,647 shares (Direct)
Footnotes (2)
- F1. Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.
- F2. 25% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 75% vest in equal quarterly installments over the following three years.
Key Figures
RSUs exercised June 4, 2026: 1,616 shares
RSUs exercised June 5, 2026: 2,200 shares
Shares withheld for taxes June 4, 2026: 782 shares at $35.11
+5 more
8 metrics
RSUs exercised June 4, 2026
1,616 shares
Restricted stock units converted into common stock on June 4, 2026
RSUs exercised June 5, 2026
2,200 shares
Restricted stock units converted into common stock on June 5, 2026
Shares withheld for taxes June 4, 2026
782 shares at $35.11
Tax-withholding disposition of common stock
Shares withheld for taxes June 5, 2026
1,064 shares at $35.44
Tax-withholding disposition of common stock
Common shares after June 5 transaction
110,711 shares
Total common stock directly owned following June 5, 2026 transaction
RSUs remaining after June 5 transaction
15,408 units
Restricted stock units remaining following June 5, 2026 derivative transaction
RSUs remaining after June 4 transaction
17,770 units
Restricted stock units remaining following June 4, 2026 derivative transaction
Total RSU exercises
3,816 shares
Aggregate restricted stock units converted to common stock June 4–5, 2026
Key Terms
Restricted stock units, tax-withholding disposition, Exercise or conversion of derivative security, derivative security, +1 more
5 terms
Restricted stock units financial
"Each restricted stock unit represents the right to receive, following vesting, one share"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vesting financial
"vested on the Date Exercisable in Table II, and the remaining 75% vest"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Pegasystems (PEGA) report for Rifat Kerim Akgonul?
Pegasystems reported that Chief Product Officer Rifat Kerim Akgonul exercised restricted stock units into common stock and had shares withheld for taxes. He acquired 3,816 common shares and 1,846 shares were disposed of to satisfy tax obligations on June 4–5, 2026.
What RSU exercises were reported for Pegasystems (PEGA) Chief Product Officer?
The filing shows two RSU exercises coded “M”. On June 4, 2026, 1,616 restricted stock units converted into common stock, and on June 5, 2026, another 2,200 units converted. Each restricted stock unit represents the right to receive one Pegasystems common share after vesting.
How are Pegasystems (PEGA) restricted stock units structured for this insider?
Each restricted stock unit represents the right to receive one share of Pegasystems common stock after vesting. Footnotes state that 25% of the units vest on the initial exercisable date, with the remaining 75% vesting in equal quarterly installments over the following three years.
AI-generated analysis. How Rhea-AI works. Not financial advice.
