Pegasystems Inc.

12/16/2024 | Press release | Distributed by Public on 12/16/2024 16:35

Statement of Changes in Beneficial Ownership (Form 4)

Ownership Submission
FORM 4
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 that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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
(Print or Type Responses)
1. Name and Address of Reporting Person *
Akgonul Rifat Kerim
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
(Last) (First) (Middle)
C/O PEGASYSTEMS INC., ONE MAIN STREET 		3. Date of Earliest Transaction (Month/Day/Year)
12/12/2024
(Street)
CAMBRIDGE, MA 02142 		4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City) (State) (Zip)
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 12/12/2024 M 1,777 A $25.2 50,078 D
Common stock 12/12/2024 F 1,097 D $97.36(1) 48,981 D
Common stock 12/12/2024 M 9,000 A $33.9 57,981 D
Common stock 12/12/2024 F 5,971 D $97.36(1) 52,010(2) D
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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 control number. SEC 1474 (9-02)
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 Underlying Securities
(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 of Derivative Security: 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
Stock Options $25.2 12/12/2024 M 1,777 03/09/2017(3) 03/09/2026 Common stock 1,777 $ 0 0 D
Stock Options $33.9 12/12/2024 M 9,000 02/02/2023(4) 11/02/2032 Common stock 9,000 $ 0 89,682 D

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Akgonul Rifat Kerim
C/O PEGASYSTEMS INC.
ONE MAIN STREET
CAMBRIDGE, MA 02142 		Chief Product Officer

Signatures

/s/ Ewelina Kemp, Attorney-in-Fact for Rifat Kerim Akgonul 12/16/2024
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents the exercise price of the stock options referenced in Table II and Mr. Akgonul's tax liability, which were paid by way of the Company withholding shares of equal value.
(2) Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
(3) Options vested 20% on March 9, 2017, with the remaining 80% vesting in equal quarterly amounts over the next four years.
(4) Options will vest in equal quarterly installments over a four year period with the first vest occurring on February 2, 2023.
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.