Pegasystems Inc SEC Filings

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).

Pegasystems Inc. reported stronger Q3 2025 results, with total revenue of $381,350 thousand and diluted EPS of $0.24. Net income was $43,364 thousand, reversing a loss in the prior-year quarter. Subscription services led with $264,198 thousand, while subscription license contributed $60,600 thousand. Gross profit reached $275,457 thousand as cost discipline and mix supported margins.

For the first nine months, revenue rose to $1,241,495 thousand and net income to $158,863 thousand, supported by operating cash flow of $346,796 thousand. The company repaid $469,600 thousand of convertible notes at maturity and repurchased 8.7 million shares for $393,200 thousand. Cash, cash equivalents, and marketable securities were $351,362 thousand at quarter end. Deferred revenue was $404,757 thousand, and remaining performance obligations totaled $1,754,526 thousand, with 51% expected within one year.

The board effected a two‑for‑one stock split in June 2025 and extended the share repurchase program to June 30, 2026, with $347,300 thousand remaining authorized as of September 30, 2025.

Pegasystems Inc. (PEGA) furnished an 8-K announcing it issued a press release with its third quarter 2025 financial results. The press release is included as Exhibit 99.1 and incorporated by reference. The company notes the Item 2.02 information and exhibits are not deemed “filed” under Section 18 of the Exchange Act. The filing also includes the Cover Page Inline XBRL as Exhibit 104.