Pegasystems CPO exercises 1,176 RSUs, withholds shares

Pegasystems Chief Product Officer Rifat Kerim Akgonul exercised 1,176 restricted stock units into an equal number of common shares on June 1, 2026.

Accepted by SEC EDGAR 06/02/2026 - 04:49 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Pegasystems Chief Product Officer Rifat Kerim Akgonul exercised 1,176 restricted stock units into an equal number of common shares on June 1, 2026. 569 shares were delivered at $35.73 per share to satisfy tax obligations. After these transactions, he directly holds 107,677 shares of Pegasystems common stock.

Insider Trade Summary

1,176 shares exercised/converted

Exercise 3 txns

Insider Akgonul Rifat Kerim

Role Chief Product Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	1,176	$0.00	$0.00
Exercise	Common stock	1,176	$0.00	$0.00
Exercise Price or Tax Liability	Common stock	569	$35.73	$20K

Holdings After Transaction: Restricted Stock Units — 3,526 contracts (Direct); Common stock — 107,677 shares (Direct)

Footnotes (2)

1. F1. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.
2. F2. 20% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 80% vest in equal quarterly installments over the following four years.

Key Figures

RSUs exercised: 1,176 shares Shares withheld for taxes: 569 shares Tax withholding price: $35.73 per share +3 more

6 metrics

RSUs exercised 1,176 shares Restricted stock units converted into common stock on June 1, 2026

Shares withheld for taxes 569 shares Common shares delivered to satisfy tax liability at $35.73 per share

Tax withholding price $35.73 per share Price used to value shares withheld on June 1, 2026

Post-transaction holdings 107,677 shares Direct Pegasystems common stock held after the reported transactions

RSU exercise date 2023-03-01 Date exercisable for the restricted stock unit award in Table II

RSU expiration date 2027-03-01 Expiration date for the restricted stock unit award

Key Terms

Restricted Stock Units, tax-withholding disposition, Date Exercisable

3 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" describes shares delivered for taxes"

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.

Date Exercisable financial

"20% of the restricted stock units vested on the Date Exercisable in Table II"

FAQ

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

What insider transaction did Pegasystems (PEGA) disclose in this Form 4?

Pegasystems reported that Chief Product Officer Rifat Kerim Akgonul exercised 1,176 restricted stock units into common stock on June 1, 2026. As part of the same event, 569 shares were delivered to cover tax obligations.

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

The filing shows that 569 common shares of Pegasystems were delivered in a tax-withholding disposition at $35.73 per share. These shares were used to satisfy tax obligations arising from the restricted stock unit exercise.

What is the Chief Product Officer’s Pegasystems (PEGA) shareholding after the reported transactions?

After the reported transactions, Chief Product Officer Rifat Kerim Akgonul directly holds 107,677 Pegasystems common shares. This balance reflects the net result of the restricted stock unit exercise and the related tax-withholding share delivery.

What were the terms of the restricted stock units reported by Pegasystems (PEGA)?

Each restricted stock unit represents the right to receive one share of common stock after vesting. Footnotes state that 20% vested on the initial exercisable date, with the remaining 80% vesting in equal quarterly installments over four years.

Was the Pegasystems (PEGA) Form 4 transaction under a Rule 10b5-1 plan?

The Rule 10b5-1 checkbox in the Form 4 is not marked, and there is no footnote indicating a trading plan. This means the transactions are not affirmed as having been executed under a Rule 10b5-1 pre-arranged trading plan.

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

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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^*

Akgonul Rifat Kerim

(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)
	Chief Product Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2026

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	06/01/2026		M		1,176	A	$0	108,246	D
Common stock	06/01/2026		F		569	D	$35.73	107,677	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
Restricted Stock Units	$0	06/01/2026		M			1,176(1)	03/01/2023(2)	03/01/2027	Common stock	1,176	$0	3,526	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive, following vesting, one share of common stock.

2. 20% of the restricted stock units vested on the Date Exercisable in Table II, and the remaining 80% vest in equal quarterly installments over the following four years.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul	06/02/2026
	** 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)