Pegasystems Inc Form 4 Filings

Pegasystems Inc. Chief Product Officer Rifat Kerim Akgonul reported routine equity compensation activity. He exercised restricted stock units covering 2,278 shares of common stock, converting them from derivative awards into shares he now holds directly.

To cover tax obligations, 669 common shares were withheld at a price of $47.24 per share, leaving a net 1,609 additional common shares from this vesting. Following these transactions, he directly owns 111,429 shares of common stock and 9,114 restricted stock units, which represent rights to receive the same number of shares as they vest over time.

Pegasystems executive John Gerard Higgins, Chief, Client & Partner Success, exercised 2,278 restricted stock units into common stock and had 1,272 shares withheld to cover taxes at $47.24 per share. After these compensation-related transactions, he holds 52,803 common shares and 9,114 restricted stock units directly.

Pegasystems SVP and Chief Accounting Officer Efstathios A. Kouninis reported routine equity compensation activity. On March 7, 2026, he exercised 332 restricted stock units, receiving an equal number of common shares at a stated price of $0.00 per share as part of a vesting award.

To cover tax obligations, 81 common shares were withheld at $47.24 per share, leaving a net addition of 251 shares. Following these transactions, Kouninis directly held 4,365 shares of Pegasystems common stock. The restricted stock unit award vests over a four-year schedule with quarterly installments.

Pegasystems COO and CFO Kenneth Stillwell reported routine equity compensation activity. He exercised restricted stock units to acquire 5,220 shares of common stock, reflecting RSU vesting where each unit converts into one share after vesting.

To cover tax obligations from this vesting, 2,055 shares of common stock were withheld at a price of $47.24 per share. This tax-withholding disposition was not an open-market sale. After these transactions, Stillwell directly owned 153,123 common shares. The filing also shows 1,908 common shares held indirectly for his children.

Pegasystems Inc. executive Leon Trefler reported routine equity compensation activity. On March 7, 2026 he exercised 2,658 restricted stock units, receiving the same number of common shares. Of these, 648 shares were withheld at $47.24 per share to cover tax obligations, leaving him with 125,072 common shares held directly after the transactions.

Each restricted stock unit converts into one share of common stock after vesting. This award vested 25% on its initial exercisable date, with the remaining 75% scheduled to vest in equal quarterly installments over three years.

Pegasystems executive Leon Trefler, Chief of Clients and Markets, exercised 2,202 restricted stock units into common shares on March 5, 2026. After this, he held 123,062 shares of common stock and 17,608 restricted stock units. 537 shares were surrendered to cover taxes, not sold in an open-market trade.

PEGASYSTEMS INC COO and CFO Kenneth Stillwell reported equity award activity on common stock. On March 5, 2026, he exercised 4,402 restricted stock units, receiving an equal number of common shares at $0.00 per share. To cover taxes, 1,733 common shares were disposed of at $47.05 per share through a tax-withholding transaction, rather than an open-market sale.

After these movements, Stillwell directly owned 149,958 common shares and 35,218 restricted stock units. An additional 1,908 common shares were held indirectly for the reporting person’s children.

Pegasystems Inc.'s SVP and Chief Accounting Officer, Efstathios A. Kouninis, reported equity award activity involving restricted stock units and common shares. On March 5, 2026, he exercised 440 restricted stock units, which converted into 440 shares of common stock at a stated price of $0.00 per share.

In connection with this vesting, 108 shares of common stock were disposed of at $47.05 per share to cover tax withholding obligations, a non–open-market transaction coded as a tax-withholding disposition. Following these transactions, he directly owned 4,114 shares of Pegasystems common stock.

PEGASYSTEMS INC executive John Gerard Higgins reported equity award activity involving restricted stock units and common shares. On March 5, 2026, he acquired 2,202 restricted stock units through an exercise or conversion, which correspond to 2,202 common shares at $0.00 per share.

Following this, he disposed of 1,229 common shares at $47.05 per share to cover tax obligations associated with the award vesting. After these transactions, his direct common stock holdings were 51,797 shares, and direct restricted stock unit holdings were 17,608 units.

Pegasystems Chief Product Officer Rifat Kerim Akgonul reported RSU vesting and related share withholding. On the reported date, 2,202 restricted stock units were converted into 2,202 shares of common stock at a stated price of $0.00 per share. A separate transaction shows 647 common shares disposed of at $47.05 per share to cover tax obligations associated with the vesting. After these transactions, Akgonul directly owned 109,820 shares of Pegasystems common stock. The footnotes explain that each restricted stock unit converts into one share after vesting, with 25% vesting initially and the remaining 75% vesting in equal quarterly installments over three years.

Pegasystems Inc. reported multiple equity transactions by SVP and Chief Accounting Officer Efstathios A. Kouninis. On March 3, 2026, he was granted a stock option for 11,390 shares and restricted stock unit awards of 4,469 and 1,961 units, each at $0.0000 per share. The option and one RSU grant vest 25% initially with the remaining 75% vesting in equal quarterly installments over three years, while another RSU grant is tied to the Company’s Corporate Incentive Compensation Plan (CICP) performance for the year ending December 31, 2026. On March 4, 2026, restricted stock units were converted into common stock, and tax liabilities were settled through dispositions of 313 and 655 common shares at $45.0100 per share. Each restricted stock unit represents the right to receive one share of common stock after vesting, and one RSU award vested 100% based on CICP performance for the year ended December 31, 2025.

PEGASYSTEMS INC executive Leon Trefler, Chief of Clients and Markets, reported multiple equity transactions in company securities. He received a stock option for 56,948 shares and 22,342 restricted stock units, both vesting 25% initially with the remaining 75% vesting in equal quarterly installments over three years.

On the same disclosure, 6,462 restricted stock units were exercised or converted into 6,462 shares of common stock at a reported price of $0.0000 per share. A separate tax-withholding disposition of 1,574 shares of common stock at $45.01 per share reduced his directly held common stock to 121,397 shares, while he held 19,386 restricted stock units and 56,948 stock options as of the reported dates.

Pegasystems Inc. executive John Gerard Higgins, Chief, Client & Partner Success, reported multiple equity compensation transactions. On March 3, 2026, he received a stock option covering 56,948 shares and restricted stock unit (RSU) awards for 22,342 and 3,382 units, all held directly. These awards vest over time as described, with portions vesting quarterly and one grant tied to performance under the Company’s Corporate Incentive Compensation Plan.

On March 4, 2026, previously granted RSUs for 6,462 and 3,702 units were exercised/converted into common stock, increasing his directly held common shares. In connection with these vestings, the company withheld 3,606 and 2,066 common shares at a price of 45.0100 per share to cover tax liabilities, reducing his post-transaction holdings as reflected in the filing.

Pegasystems Inc. COO and CFO Kenneth Stillwell reported multiple equity transactions. On March 3, 2026, he received a grant of 113,896 stock options and 44,683 and 6,469 restricted stock units. On March 4, 2026, he exercised 12,924 and 6,668 restricted stock units into common stock. To cover tax obligations, the company withheld 4,195 and 2,624 common shares at $45.0100 per share. Following these transactions, he held 147,289 common shares directly and 38,770 restricted stock units, and there were 1,908 common shares held indirectly for his children.

Pegasystems Inc. Chief Product Officer Rifat Kerim Akgonul reported multiple equity transactions. On March 3, 2026, he was granted 22,342 restricted stock units (RSUs), an additional 4,901 RSUs, and a stock option for 56,948 shares, all at an exercise price of $0.0000 per share. These awards vest 25% on the stated exercisable date, with the remaining 75% vesting in equal quarterly installments over three years, except one RSU award that vests 100% based on performance under the Corporate Incentive Compensation Plan for the year ending December 31, 2026.

On March 4, 2026, previously granted RSUs covering 5,320 shares and 6,462 shares were converted into the same number of common shares. To satisfy tax obligations, 1,562 shares and 1,917 shares of common stock were disposed of at $45.0100 per share through tax-withholding transactions. After these transactions, he held 108,265 shares of common stock directly.

TREFLER ALAN reported acquisition or exercise transactions in this Form 4 filing.

Pegasystems Inc. reported that its C.E.O. & Chairman, Alan Trefler, was granted a stock option covering 455,581 shares. According to a footnote, 25% of the shares vest on the initial exercisable date, with the remaining 75% vesting in equal quarterly installments over the following three years.

Pegasystems Chief Product Officer Rifat Kerim Akgonul reported multiple equity transactions. On March 1–2, he converted a total of 1,636 restricted stock units into the same number of common shares at $0 per share. Shares were withheld to cover taxes, and 7,000 common shares were sold in an open-market transaction at a weighted-average price of $43.8435 per share. Following these moves, he directly owned 99,962 common shares of Pegasystems.

Pegasystems Inc. executive John Gerard Higgins reported multiple stock transactions involving restricted stock units and common shares on 2026-03-01. He exercised several batches of restricted stock units at $0.00 per unit, converting them into directly held common stock.

Following these derivative exercises, his direct common stock holdings were reported at 47,729 shares in one entry. In a separate transaction coded "F," 1,397 common shares at $43.73 per share were withheld to cover tax obligations related to the equity awards, leaving 46,332 common shares directly owned.

Footnotes explain that each restricted stock unit converts into one share of common stock after vesting, with some awards vesting 20% initially and the remaining 80% in equal quarterly installments over four years, and others vesting 5% initially with the remaining 95% vesting quarterly over five years.

Pegasystems Inc. SVP and Chief Accounting Officer Efstathios A. Kouninis reported routine equity compensation transactions. On March 1, 2026 and March 2, 2026, he exercised restricted stock units into common stock at $0.00 per share and had shares withheld to cover taxes at $43.73 per share. After these transactions, he directly held 1,250 shares of Pegasystems common stock. Each restricted stock unit represents the right to receive one share of common stock after vesting, with 20% vesting initially and the remaining 80% in equal quarterly installments over four years.

Pegasystems Inc. COO and CFO Kenneth Stillwell reported multiple equity transactions involving company stock. On March 1, 2026 and March 2, 2026, he acquired a total of 3,502 shares of common stock through the exercise or conversion of restricted stock units at $0.00 per share. On those same dates, 854 shares were disposed of to cover tax obligations at prices of $43.73 per share, and 1,000 shares were sold in an open-market transaction at $43.37 per share under a pre-arranged Rule 10b5-1 trading plan adopted on August 12, 2025. Following these transactions, he directly held 134,516 shares of common stock, with an additional 1,908 shares held indirectly for his children.

Leon Trefler, Chief of Clients and Markets at Pegasystems Inc., reported routine equity transactions tied to restricted stock units. On March 1 and 2, he exercised RSUs into a total of 1,558 shares of common stock at a price of $0.00 per share.

To cover tax obligations on these vestings, he disposed of 380 shares of common stock through tax-withholding transactions at $43.73 per share. After these transactions, his directly held common stock position was 116,509 shares.

Pegasystems CEO and Chairman Alan Trefler reported routine equity compensation activity. On March 2, 2026, he exercised 2,498 restricted stock units, converting them into the same number of common shares at a stated price of $0.00 per share.

To cover associated tax obligations, 814 common shares were disposed of at $43.73 per share through a tax-withholding transaction, leaving him with 44,321,466 common shares held directly. Additional common shares are held indirectly through several trusts and a foundation, reflecting broader estate and charitable planning structures rather than new market purchases or sales.

Pegasystems Inc. CEO and Chairman Alan Trefler reported open‑market sales of company common stock. On February 17 and 18, 2026, he sold a total of 29,672 shares at prices around $45 per share in open‑market transactions.

The sales were made under a pre‑arranged Rule 10b5‑1 trading plan adopted on November 11, 2025. After these transactions, Trefler directly holds 44,319,782 common shares and also reports additional indirect holdings through several named trusts.

Pegasystems' COO and CFO Kenneth Stillwell reported equity transactions involving company stock. On February 12, 2026, he exercised stock options covering 25,920 shares of common stock at an exercise price of $16.95 per share, increasing his direct common stock holdings to 147,800 shares.

On the same date, 14,932 common shares were disposed of at $39.29 per share in a tax-withholding transaction related to the option exercise, leaving him with 132,868 directly held common shares. He also directly holds 77,760 stock options and has 1,908 common shares reported as indirectly owned through his children.

Pegasystems Inc. Chief Product Officer Rifat Kerim Akgonul sold 7,000 shares of common stock in an open-market transaction. The sale took place on February 13, 2026 at a price of $43.165 per share. After this transaction, Akgonul directly beneficially owned 105,894 shares of Pegasystems common stock.

Pegasystems executive John Gerard Higgins reported an acquisition of derivative securities through option vesting. On February 10, 2026, he acquired 84,000 stock options with an exercise price of $31.05 per share, increasing his directly held stock options to 101,500.

These options were originally granted on March 5, 2024 and vest based on Pegasystems’ performance targets for fiscal years ended December 31, 2024 and 2025. The company overachieved its 2025 performance criteria at 160%, triggering vesting of the 84,000 options linked to that performance period.

Pegasystems Chief Product Officer Akgonul Rifat Kerim reported the vesting and acquisition of 72,000 stock options on February 10, 2026. These options, originally granted on March 5, 2024 with a $31.05 exercise price, vested after Pegasystems overachieved its 2025 performance criteria at 160%, bringing his directly held derivative securities to 87,000 options.

Pegasystems COO and CFO Kenneth Stillwell reported an acquisition of 96,000 stock options on common stock through vesting of a prior grant. The options, with an exercise price of $31.05, were originally granted on March 5, 2024 and vest based on performance goals.

The award vests in two installments: 25% after the first anniversary of the grant tied to fiscal 2024 performance, and 75% after the second anniversary tied to fiscal 2025 performance. Pegasystems achieved 160% of the fiscal 2025 performance criteria, causing 96,000 options to vest and be held directly by Stillwell.

Pegasystems Inc.'s SVP and Chief Accounting Officer, Efstathios A. Kouninis, reported the acquisition of stock options tied to company performance. On February 10, 2026, 24,000 stock options with a $31.05 exercise price vested, reflecting overachievement of performance goals for the fiscal year ended December 31, 2025.

These options were originally granted on March 5, 2024 and vest in two installments based on specific performance criteria. Following this vesting event, Kouninis beneficially owns 38,088 derivative securities (stock options) directly.

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.

Pegasystems Inc. COO and CFO Kenneth Stillwell reported selling 1,000 shares of Pegasystems common stock on February 2, 2026 at a price of $43.69 per share. The sale was made under a pre-arranged Rule 10b5-1 trading plan adopted on August 29, 2024.

After this transaction, Stillwell directly beneficially owns 121,880 shares of Pegasystems common stock and indirectly reports 1,908 shares held for his children.

Pegasystems Inc. CEO, Chairman and 10% owner Alan Trefler reported open-market sales of a total of 90,000 shares of common stock on January 21–22, 2026. The trades were coded as sales and executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 6, 2024.

The reported sale prices were shown as weighted averages, ranging from about $47.28 to $51.35 per share, with specific transactions including 18,092 shares at $47.73, 11,790 shares at $50.79, and 37,306 shares at $49.73. After these transactions, Trefler directly held 44,349,454 Pegasystems shares. He also reported significant additional indirect holdings through several trusts, including the Alan N. Trefler Irrevocable Non-GST Trust of 2022 and multiple Grantor Retained Annuity Trusts.

Pegasystems Inc. executive Kenneth Stillwell, the company’s COO and CFO, sold 4,000 shares of common stock on January 2, 2026. The shares were sold at a weighted average price of $59.99, with individual sale prices ranging from $59.98 to $60.00. After this transaction, he beneficially owned 122,880 Pegasystems shares directly.

The sale was executed under a pre-arranged Rule 10b5-1 trading plan that Mr. Stillwell adopted on August 29, 2024. Such plans are designed to allow insiders to sell shares according to a preset schedule or conditions, helping separate trading decisions from day-to-day, non-public company information.

Pegasystems Inc. executive Kenneth Stillwell, who serves as COO and CFO, reported a gift of company stock to his children. On 12/12/2025, he transferred 1,908 shares of Pegasystems common stock at a price of $0 per share, reflecting a personal, non-cash gift.

Following this transaction, Stillwell directly holds 126,880 shares of Pegasystems common stock and is listed as having an additional 1,908 shares held indirectly for his children. He disclaims beneficial ownership of the shares held by his children except to the extent of any pecuniary interest.

Pegasystems Inc. reported an insider stock disposition by executive Kenneth Stillwell, who serves as COO and CFO. On 12/10/2025, a transaction coded "G" reduced his direct holdings by 6,000 shares of common stock at a reported price of $0. After this transaction, he beneficially owns 128,788 Pegasystems common shares directly.

Pegasystems Inc. officer Efstathios A. Kouninis reported equity award activity and related stock transactions. On December 5, 2025, 440 shares of Pegasystems common stock were acquired at an exercise price of $0 upon the vesting and settlement of restricted stock units, and 174 shares were disposed of at $57 per share, with 660 shares then beneficially owned directly. On December 7, 2025, an additional 332 shares were acquired at an exercise price of $0 from restricted stock units, and 131 shares were disposed of at $60.11 per share, leaving 861 shares of common stock held directly.

The filing also shows derivative holdings of restricted stock units, including 440 units tied to common shares that were exercisable beginning March 5, 2025 and 332 units exercisable beginning March 7, 2024, with portions vesting quarterly over three years.

Pegasystems Inc. officer Leon Trefler reported equity transactions involving company stock. On December 1, 2025, restricted stock units converted into 1,176 shares of common stock at an exercise price of $0, and 463 shares were withheld or sold at $54.77 per share to cover obligations, leaving 119,524 shares directly owned. On December 2, 2025, another RSU batch converted into 384 shares at $0, with 152 shares withheld or sold at $54.85, resulting in 119,756 shares of Pegasystems common stock held directly.

Each restricted stock unit gives the right to receive one share after vesting. For these grants, 20% vested on the initial vesting date and the remaining 80% vest in equal quarterly installments over four years, illustrating a long-term, time-based compensation structure tied to continued service.

Pegasystems Inc. reported insider equity transactions by its SVP and Chief Accounting Officer. On 12/01/2025, the officer acquired 206 shares of common stock at an exercise price of $0 through the vesting and settlement of restricted stock units, and disposed of 82 shares at $54.77. On 12/02/2025, the officer acquired another 106 shares at $0 and disposed of 42 shares at $54.85.

After these transactions, the officer directly beneficially owned 394 shares of Pegasystems common stock. The filing also shows continuing holdings of restricted stock units, including awards originally granted on 03/01/2023 and 03/02/2022, which vest over time according to their schedules.

Pegasystems (PEGA) insider activity: CEO, Chairman and 10% owner Alan N. Trefler reported open‑market sales executed under a Rule 10b5‑1 trading plan adopted on November 6, 2024. Transactions occurred on November 5–6, 2025.

He sold 40,969 shares at a weighted average price of $59.95, 4,031 shares at $60.87, 26,925 shares at $58.42, and 18,075 shares at $59.05. Following these sales, direct beneficial ownership reported was 44,844,364 shares.

In addition, indirect holdings were reported through trusts: 10,876,525 shares (Alan N. Trefler Irrevocable Non‑GST Trust of 2022), 10,879,283 shares (Grantor Retained Annuity Trust I of 2024), 2,071,585 shares (The Trefler 2025 Trust), and 8,703,426 shares (Grantor Retained Annuity Trust II of 2024). Footnotes indicate the prices reflect weighted averages across disclosed ranges, with full breakdowns available upon request.

Pegasystems (PEGA): Form 4 insider activity — COO/CFO Kenneth Stillwell exercised stock options for 25,920 shares at $16.95 on 11/03/2025, then disposed of shares through tax withholding and an open-market sale. The filing shows 14,478 shares were withheld to cover taxes at a price of $62.29, and 11,442 shares were sold at a $62.18 weighted average price, with trade prices ranging from $62.07 to $62.31.

Following these transactions, the reporting person beneficially owned 127,826 shares directly. The exercised options came from a grant priced at $16.95, originally vesting in equal quarterly installments beginning 02/02/2023 and expiring on 11/02/2032. After the exercise, 103,680 derivative securities (options) remained beneficially owned.

Pegasystems (PEGA) Chief Product Officer Rifat Kerim Akgonul filed a Form 4 reporting multiple option exercises and a share disposition on 10/24/2025. He exercised stock options for 25,000 shares at $26.24, 15,000 shares at $29.48, 10,000 shares at $32.18, and 20,000 shares at $16.95 (transaction code M). He also disposed of 47,692 shares at $65.61 (code F).

Following these transactions, beneficial ownership stood at 113,688 shares, held directly. The options exercised relate to grants with vesting schedules noted: certain grants vested 20% on the initial exercisability date with the remaining 80% in equal quarterly installments over four years, and one grant vesting in equal quarterly amounts over four years from its initial exercisability date.

Pegasystems (PEGA) executive Kenneth Stillwell reported insider transactions on 10/24/2025. He exercised stock options for 52,828 common shares at $31.05 per share, then disposed of 35,657 shares in a transaction coded F at $66.91. He also sold 17,171 shares at a $66.40 weighted average price, with individual sales ranging from $66.37 to $66.60. Following these transactions, he beneficially owned 127,826 shares directly. Stillwell is listed as COO, CFO.

Pegasystems (PEGA) insider transaction: SVP & Chief Accounting Officer Efstathios A. Kouninis exercised 11,250 stock options at $23.64 on 10/27/2025, then sold 4,425 shares at $67.25 and had 6,825 shares withheld to cover obligations. Direct holdings after these trades were 206 shares.

The exercised options had a $23.64 strike, were first exercisable on 03/07/2024, and carried an expiration of 03/07/2033. Following the exercise, derivative (option) balance reported was 0. Vesting was tied to performance criteria for fiscal years 2023 and 2024.

Pegasystems Inc. (PEGA) officer (Chief of Clients and Markets) reported equity transactions on 10/23/2025 on Form 4. The filer exercised 30,590 stock options at $12.60 per share (code M), then satisfied withholding (code F) by disposing of 15,725 shares at $63.40 per share, and sold 14,865 shares (code S) at a weighted average $63.40, with prices ranging from $63.40 to $63.46. Following these transactions, the filer directly owned 118,799 shares. The share counts and prices were restated to reflect Pegasystems’ 2-for-1 forward stock split effective June 20, 2025.

Pegasystems Inc. (PEGA) officer Efstathios A. Kouninis (SVP, Chief Accounting Officer) reported insider transactions on 10/23/2025. He exercised 8,006 stock options at $22.15 per share (code M), then had 4,013 shares disposed to cover taxes at $65.5 (code F), and sold 3,993 shares at $65.5 (code S). Following these transactions, he directly owned 206 common shares, and held 0 derivative securities afterward.

The filing notes all share counts and prices were restated for a 2-for-1 forward stock split effective June 20, 2025. The option originally vested 20% on 03/02/2018, with the remaining 80% vesting in equal quarterly installments over the subsequent four years, and had an expiration date of 03/02/2027.

Pegasystems (PEGA) CEO, Chairman and 10% owner Alan N. Trefler reported open‑market sales totaling 90,000 shares on 10/21–10/22/2025 pursuant to a pre‑arranged Rule 10b5‑1 trading plan adopted on November 6, 2024.

Reported weighted‑average sale prices by tranche included $54.62, $55.88, $56.91, $57.41 on 10/21 and $62.77, $63.64, $64.76, $65.33, and $66.25 on 10/22, with corresponding price ranges available upon request.

Following these transactions, direct beneficial ownership was 44,934,364 common shares. Indirect holdings were reported as 10,876,525 (Alan N. Trefler Irrevocable Non‑GST Trust of 2022), 10,879,283 (Grantor Retained Annuity Trust I of 2024), 8,703,426 (Grantor Retained Annuity Trust II of 2024), and 2,071,585 (The Trefler 2025 Trust).