Welcome to our dedicated page for PEGASYSTEMS SEC filings (Ticker: PEGA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Pegasystems Inc. filings document regulatory disclosures for a Massachusetts software company whose business centers on AI-powered enterprise transformation, workflow automation, customer engagement, and legacy-system modernization. Current 8-K reports record quarterly and annual financial results, Pega Cloud and Annual Contract Value metrics, share repurchase authorization updates, exit and disposal activity costs, and litigation-related events.
Proxy materials disclose board matters, executive compensation, equity awards, pay-versus-performance data, and shareholder voting items. Other current reports describe executive incentive compensation plans and governance actions tied to the company's operating and capital-allocation framework.
Pegasystems Inc. Chief Product Officer Rifat Kerim Akgonul reported routine equity compensation transactions. He exercised 2,278 restricted stock units into common stock at a stated price of $0.00 per share, reflecting vesting of previously granted awards.
To cover tax obligations, 1,102 common shares were disposed of at $34.71 per share as a tax-withholding transaction, not an open-market sale. After the derivative exercise, his direct common stock holdings were reported as 111,925 shares, and 6,836 restricted stock units remained outstanding.
PEGASYSTEMS INC executive John Gerard Higgins reported routine equity compensation activity involving restricted stock units and common shares. On June 4 and 5, 2026, he exercised restricted stock units into a total of 3,816 shares of common stock and had 2,130 shares withheld to cover tax liabilities through tax-withholding dispositions. Each restricted stock unit converts into one share of common stock upon vesting, with 25% vesting initially and the remaining 75% in equal quarterly installments over three years. After these transactions, he directly held 55,457 shares of PEGASYSTEMS common stock.
Pegasystems Inc. SVP and Chief Accounting Officer Efstathios A. Kouninis reported routine equity compensation activity. On June 4–5, 2026, restricted stock units converted into a total of 764 shares of common stock, with 187 shares withheld to cover tax obligations. Following these transactions, he directly holds 2,875 common shares. These were compensation-related derivative exercises and tax-withholding dispositions, not open‑market purchases or sales.
Pegasystems Inc. furnished an investor presentation outlining its long-term growth, profitability, and capital return framework. The company highlights completion of its multi‑year transition to a subscription model and reports Rule of 40 performance improving from 14% in 2022 to 45% in 2025, combining ACV growth and free cash flow margin.
Free cash flow rose from $(53)M in 2019 to $491M in 2025, with guidance of about $575M for 2026 and a target of roughly $700M for 2028, supporting an eventual 35%–40%+ free cash flow margin in its long‑term model. Pega Cloud ACV growth accelerated year over year from 16% to 29% between Q1 2024 and Q1 2026, helping drive overall ACV expansion.
Non‑GAAP operating margin increased from 6% in 2022 to 28% in 2025, and the company targets an 80% non‑GAAP gross margin and lower sales and marketing and R&D expense ratios by 2027/2028. Pegasystems returned over $600M to shareholders from 2023–2025, about 60% of cumulative free cash flow, and aims to continue a mix of dividends, debt optimization, and opportunistic share repurchases.
PEGASYSTEMS INC COO and CFO Kenneth Stillwell reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 4, he exercised 3,230 restricted stock units into the same number of common shares, with 1,272 shares withheld at $35.11 per share to cover tax obligations. On June 5, he exercised another 4,402 restricted stock units, with 1,733 shares withheld at $35.44 per share for taxes. Following these transactions, he directly held 114,585 common shares, and an additional 1,908 shares were reported as indirectly owned for his children.
Pegasystems executive Leon Trefler reported routine equity compensation activity. On June 4–5, 2026, he exercised restricted stock units that delivered a total of 3,816 shares of PEGASYSTEMS INC common stock, and 1,502 shares were withheld to cover tax obligations. Following these transactions, he directly holds 121,399 shares of common stock and 15,408 restricted stock units that can convert into common shares as they vest over time. These events reflect compensation-related vesting and tax withholding rather than open-market buying or selling.
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.
Pegasystems executive Leon Trefler reported routine equity compensation activity involving restricted stock units and related tax withholding. He exercised 1,176 restricted stock units into common stock, with no cash exercise price. To cover tax obligations, 463 common shares were disposed of at $35.73 per share, a tax-withholding transaction rather than an open-market sale.
After these transactions, Trefler directly holds 119,085 shares of common stock. He also continues to hold 3,526 restricted stock units that convert into one share of common stock each as they vest. According to the award terms, 20% of the units vested on March 1, 2023, and the remaining 80% vest in equal quarterly installments over the following four years, with the units expiring on March 1, 2027.
Pegasystems executive Kenneth Stillwell reported routine equity compensation activity involving restricted stock units and related tax withholding. He exercised 2,352 restricted stock units, receiving the same number of common shares. To cover tax obligations, 926 common shares were disposed of through a tax-withholding transaction at $35.73 per share, which is not an open-market sale.
Following these transactions, Stillwell directly holds 109,958 shares of common stock and 7,052 restricted stock units. An additional 1,908 common shares are reported as indirectly owned through his children. Overall, the filing reflects compensation vesting and associated tax payments rather than discretionary market trading.
Pegasystems executive John Gerard Higgins reported routine equity compensation activity involving restricted stock units (RSUs). On 2026-06-01, he exercised RSUs classified as derivative securities to acquire a total of 1,396 shares of Pegasystems common stock.
To cover tax obligations, the issuer withheld 780 shares through tax-withholding dispositions at a price of $35.73 per share, rather than selling shares in the open market. After these transactions, Higgins directly owned 53,609 shares of Pegasystems common stock.
The RSUs convert into one share of common stock per unit following vesting. Footnotes indicate that 20% of the RSUs vest on the initial exercisable date and the remaining 80% vest in equal quarterly installments over the following four years, reflecting a typical multi-year vesting schedule.