Pegasystems officer exercises 6,098 RSUs

Q: What insider activity did PEGA report for John Gerard Higgins on this Form 4?

The filing reports that John Gerard Higgins, Chief, Client & Partner Success, exercised restricted stock units into common stock on September 4, 5, and 7, 2026, with a portion of the resulting shares delivered or withheld to pay the exercise price or tax liability.

Q: How many Pegasystems (PEGA) RSU shares were exercised in this Form 4?

The Form 4 shows RSU exercises totaling 6,098 restricted stock units converted into common stock (1,616 units on September 4, 2,202 on September 5, and 2,280 on September 7, 2026), each RSU representing the right to receive one share of common stock upon vesting.

Q: How many Pegasystems (PEGA) shares were withheld for tax or exercise obligations?

The filing reports 3,404 common shares with code F, delivered or withheld for payment of exercise price or tax liability: 902 shares at $37.72 on September 4, 1,229 shares at $37.36 on September 5, and 1,273 shares at $37.36 on September 7, 2026.

Q: Were the PEGA insider transactions made under a Rule 10b5-1 plan?

No. The Form 4 indicates no Rule 10b5-1 trading plan; the document-level checkbox for such a plan is not affirmed for these transactions.

PEGASYSTEMS INC (PEGA) reported that officer John Gerard Higgins exercised previously granted restricted stock units into common stock on September 4, 5, and 7, 2026, and had shares withheld to cover payment of exercise price or tax liability.

Available on EDGAR 09/09/2026 - 05:34 PM EDT Accepted by SEC EDGAR 09/09/2026 - 05:34 PM EDT

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Form Type

Rhea-AI Filing Summary

PEGASYSTEMS INC (PEGA) reported that officer John Gerard Higgins exercised previously granted restricted stock units into common stock on September 4, 5, and 7, 2026, and had shares withheld to cover payment of exercise price or tax liability.

The transactions involve RSUs that vest 25% on the initial exercisable date and the remaining 75% in equal quarterly installments over three years, with no Rule 10b5-1 trading plan indicated.

Insider Trade Summary

6,098 shares exercised/converted

Exercise 9 txns

Insider Higgins John Gerard

Role Chief, Client &Partner Success

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units ^{F1, F2}	2,280	$0.00	$0.00
Exercise	Common stock	2,280	$0.00	$0.00
Exercise Price or Tax Liability	Common stock	1,273	$37.36	$48K
Exercise	Restricted Stock Units ^{F1, F2}	2,202	$0.00	$0.00
Exercise	Common stock	2,202	$0.00	$0.00
Exercise Price or Tax Liability	Common stock	1,229	$37.36	$46K
Exercise	Restricted Stock Units ^{F1, F2}	1,616	$0.00	$0.00
Exercise	Common stock	1,616	$0.00	$0.00
Exercise Price or Tax Liability	Common stock	902	$37.72	$34K

Holdings After Transaction: Restricted Stock Units — 33,916 contracts (Direct); Common stock — 60,110 shares (Direct)

Footnotes (2)

F1. Each restricted stock unit represents the right to receive, following vesting, one share of 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: 6,098 units Shares withheld for tax or exercise: 3,404 shares Code F price September 4, 2026: $37.72 per share +4 more

7 metrics

RSUs exercised 6,098 units Total restricted stock units converted into common stock on September 4–7, 2026

Shares withheld for tax or exercise 3,404 shares Common shares delivered or withheld under code F for exercise price or tax liability

Code F price September 4, 2026 $37.72 per share 902 common shares delivered or withheld for exercise price or tax liability

Code F price September 5, 2026 $37.36 per share 1,229 common shares delivered or withheld for exercise price or tax liability

Code F price September 7, 2026 $37.36 per share 1,273 common shares delivered or withheld for exercise price or tax liability

RSU vesting initial tranche 25.0% Portion of RSUs vesting on the initial exercisable date

Remaining RSU vesting period 3 years Remaining 75% vesting in equal quarterly installments over three years

Key Terms

Restricted Stock Units, derivative security, tax liability, Rule 10b5-1

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents the right to receive, following vesting"

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.

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.

tax liability financial

"Payment of exercise price or tax liability by delivering or withholding"

Rule 10b5-1 regulatory

"Rule 10b5-1 trading plan indicated"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

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

What insider activity did PEGA report for John Gerard Higgins on this Form 4?

The filing reports that John Gerard Higgins, Chief, Client & Partner Success, exercised restricted stock units into common stock on September 4, 5, and 7, 2026, with a portion of the resulting shares delivered or withheld to pay the exercise price or tax liability.

How many Pegasystems (PEGA) RSU shares were exercised in this Form 4?

The Form 4 shows RSU exercises totaling 6,098 restricted stock units converted into common stock (1,616 units on September 4, 2,202 on September 5, and 2,280 on September 7, 2026), each RSU representing the right to receive one share of common stock upon vesting.

How many Pegasystems (PEGA) shares were withheld for tax or exercise obligations?

The filing reports 3,404 common shares with code F, delivered or withheld for payment of exercise price or tax liability: 902 shares at $37.72 on September 4, 1,229 shares at $37.36 on September 5, and 1,273 shares at $37.36 on September 7, 2026.

Were Pegasystems (PEGA) RSUs in this Form 4 subject to a vesting schedule?

Yes. A footnote states each restricted stock unit represents one share of common stock and that 25% of the units vest on the initial exercisable date, with the remaining 75% vesting in equal quarterly installments over three years.

Were the PEGA insider transactions made under a Rule 10b5-1 plan?

No. The Form 4 indicates no Rule 10b5-1 trading plan; the document-level checkbox for such a plan is not affirmed for these transactions.

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

Form 4 Insider Transactions: What Each Field Means →

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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^*

Higgins John Gerard

(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, Client &Partner Success

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/04/2026

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)
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	09/04/2026		M		1,616	A	$0	59,032	D
Common stock	09/04/2026		F		902	D	$37.72	58,130	D
Common stock	09/05/2026		M		2,202	A	$0	60,332	D
Common stock	09/05/2026		F		1,229	D	$37.36	59,103	D
Common stock	09/07/2026		M		2,280	A	$0	61,383	D
Common stock	09/07/2026		F		1,273	D	$37.36	60,110	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)
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)
Restricted Stock Units	$0	09/04/2026		M			1,616⁽¹⁾	03/04/2026⁽²⁾	03/04/2029	Common stock	1,616	$0	16,154	D
Restricted Stock Units	$0	09/05/2026		M			2,202⁽¹⁾	03/05/2025⁽²⁾	03/05/2028	Common stock	2,202	$0	13,206	D
Restricted Stock Units	$0	09/07/2026		M			2,280⁽¹⁾	03/07/2024⁽²⁾	03/07/2027	Common stock	2,280	$0	4,556	D

Explanation of Responses:

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

2. 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.

Remarks:

	/s/ Ewelina Kemp, Attorney-in-Fact for John Gerard Higgins	09/09/2026
	** 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)

Source: View Original Filing on SEC EDGAR