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STOCK TITAN

[Form 4] Pegasystems Inc Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Pegasystems Inc. (PEGA) â€� Form 4 insider trading filing

CEO, Chairman and 10%+ shareholder Alan N. Trefler disclosed two open-market sales of the company’s common stock executed on 18 June 2025 under a pre-arranged Rule 10b5-1 trading plan adopted on 6 Nov 2024.

  • 27,016 shares sold at a weighted-average price of $100.76.
  • 4,484 shares sold at a weighted-average price of $101.22.

Total disposition: 31,500 shares, generating approximately $3.2 million in gross proceeds (based on the weighted-average prices disclosed).

Following the transactions, Trefler’s direct ownership decreased to 17,027,892 shares. He also continues to hold substantial indirect stakes through five separate trusts, ranging individually from 1.6 million to 7.5 million shares.

The filing contains no purchases, option exercises, or derivative transactions. All sales were conducted under the 10b5-1 plan, providing an affirmative defense against insider-trading allegations.

Pegasystems Inc. (PEGA) � Comunicazione di trading interno Form 4

Il CEO, Presidente e azionista con oltre il 10% Alan N. Trefler ha dichiarato due vendite sul mercato aperto di azioni ordinarie della società effettuate il 18 giugno 2025 nell'ambito di un piano di trading predefinito secondo la Regola 10b5-1 adottato il 6 novembre 2024.

  • 27.016 azioni vendute a un prezzo medio ponderato di 100,76 $.
  • 4.484 azioni vendute a un prezzo medio ponderato di 101,22 $.

Totale azioni cedute: 31.500 azioni, generando circa 3,2 milioni di dollari di ricavi lordi (basato sui prezzi medi ponderati comunicati).

Dopo le transazioni, la proprietà diretta di Trefler è scesa a 17.027.892 azioni. Continua inoltre a detenere ingenti partecipazioni indirette tramite cinque trust separati, con quote individuali che variano da 1,6 milioni a 7,5 milioni di azioni.

La comunicazione non riporta acquisti, esercizi di opzioni o transazioni su derivati. Tutte le vendite sono state effettuate nell'ambito del piano 10b5-1, che offre una difesa formale contro accuse di insider trading.

Pegasystems Inc. (PEGA) � Presentación de operaciones internas Formulario 4

El CEO, presidente y accionista con más del 10% Alan N. Trefler reveló dos ventas en el mercado abierto de acciones ordinarias de la compañía realizadas el 18 de junio de 2025 bajo un plan de negociación preestablecido conforme a la Regla 10b5-1, adoptado el 6 de noviembre de 2024.

  • 27,016 acciones vendidas a un precio promedio ponderado de $100.76.
  • 4,484 acciones vendidas a un precio promedio ponderado de $101.22.

Disposición total: 31,500 acciones, generando aproximadamente $3.2 millones en ingresos brutos (basado en los precios promedio ponderados reportados).

Tras las transacciones, la propiedad directa de Trefler disminuyó a 17,027,892 acciones. Además, mantiene participaciones indirectas significativas a través de cinco fideicomisos separados, con participaciones individuales que van desde 1.6 millones hasta 7.5 millones de acciones.

La presentación no incluye compras, ejercicios de opciones ni transacciones con derivados. Todas las ventas se realizaron bajo el plan 10b5-1, que proporciona una defensa afirmativa contra acusaciones de uso de información privilegiada.

Pegasystems Inc. (PEGA) � 내부� 거래 신고� Form 4

CEO, 회장 ë°� 10% ì´ìƒ 주주ì� Alan N. TreflerëŠ� 2024ë…� 11ì›� 6ì� 채íƒë� 사전 설정ë� Rule 10b5-1 거래 계íšì—� ë”°ë¼ 2025ë…� 6ì›� 18ì� 회사 보통ì£� 공개 시장 ë§¤ë„ ë‘� ê±´ì„ ì‹ ê³ í–ˆìŠµë‹ˆë‹¤.

  • 27,016ì£�ë¥� í‰ê·  ê°€ì¤� ê°€ê²� $100.76ì—� 매ë„.
  • 4,484ì£�ë¥� í‰ê·  ê°€ì¤� ê°€ê²� $101.22ì—� 매ë„.

ì´� 처분 주ì‹: 31,500ì£�, ì•� 320ë§� 달러ì� ì´� ìˆ˜ìµ ì°½ì¶œ(공개ë� í‰ê·  ê°€ì¤� ê°€ê²� 기준).

거래 í›� Treflerì� ì§ì ‘ 보유 주ì‹ì¶Ä 17,027,892ì£�ë¡� ê°ì†Œí–ˆìŠµë‹ˆë‹¤. ë˜í•œ 다섯 ê°œì˜ ë³„ë„ ì‹ íƒì� 통해 ê°ê° 160ë§� 주ì—ì„� 750ë§� ì£�ì—� ì´ë¥´ëŠ� ìƒë‹¹í•� ê°„ì ‘ ì§€ë¶„ì„ ê³„ì† ë³´ìœ í•˜ê³  있습니다.

신고서ì—ëŠ� 매수, 옵션 행사 ë˜ëŠ” 파ìƒìƒí’ˆ 거래 ë‚´ì—­ì� 없습니다. 모든 매ë„ëŠ� 10b5-1 계íšì—� ë”°ë¼ ì´ë£¨ì–´ì ¸ ë‚´ë¶€ìž� 거래 í˜ì˜ì—� 대í•� ê¸ì •ì � ë°©ì–´ 수단ì� 제공합니ë‹�.

Pegasystems Inc. (PEGA) � Déclaration d’opérations d’initiés Formulaire 4

Le PDG, président et actionnaire détenant plus de 10% Alan N. Trefler a divulgué deux ventes en marché ouvert d’actions ordinaires de la société réalisées le 18 juin 2025 dans le cadre d’un plan de trading préétabli selon la règle 10b5-1 adopté le 6 novembre 2024.

  • 27 016 actions vendues à un prix moyen pondéré de 100,76 $.
  • 4 484 actions vendues à un prix moyen pondéré de 101,22 $.

Disposition totale : 31 500 actions, générant environ 3,2 millions de dollars de produit brut (basé sur les prix moyens pondérés divulgués).

Après ces transactions, la détention directe de Trefler a diminué à 17 027 892 actions. Il détient également d’importantes participations indirectes via cinq trusts distincts, allant individuellement de 1,6 million à 7,5 millions d’actions.

La déclaration ne mentionne aucun achat, exercice d’options ou transaction sur dérivés. Toutes les ventes ont été réalisées dans le cadre du plan 10b5-1, offrant une défense affirmative contre les accusations d’initié.

Pegasystems Inc. (PEGA) � Insider-Handelsmeldung Formular 4

CEO, Vorsitzender und Aktionär mit mehr als 10% Anteil Alan N. Trefler meldete zwei Verkäufe von Stammaktien des Unternehmens am 18. Juni 2025 im Rahmen eines vorab festgelegten Rule 10b5-1 Handelsplans, der am 6. November 2024 angenommen wurde.

  • 27.016 Aktien wurden zu einem gewichteten Durchschnittspreis von 100,76 $ verkauft.
  • 4.484 Aktien wurden zu einem gewichteten Durchschnittspreis von 101,22 $ verkauft.

Gesamtverkauf: 31.500 Aktien, mit einem Bruttoerlös von etwa 3,2 Millionen US-Dollar (basierend auf den angegebenen gewichteten Durchschnittspreisen).

Nach den Transaktionen sank Treflers direkter Anteil auf 17.027.892 Aktien. Zudem hält er weiterhin bedeutende indirekte Anteile über fünf separate Trusts, die jeweils zwischen 1,6 Millionen und 7,5 Millionen Aktien liegen.

Die Meldung enthält keine Käufe, Ausübung von Optionen oder Derivatgeschäfte. Alle Verkäufe erfolgten im Rahmen des 10b5-1-Plans, der einen positiven Rechtsschutz gegen Insiderhandel-Vorwürfe bietet.

Positive
  • None.
Negative
  • CEO insider selling can be interpreted as a mild bearish signal, even though executed under a 10b5-1 plan.

Insights

TL;DR: Routine 10b5-1 sale; modest size relative to holdings, mildly negative signal.

The CEO sold 31.5 k shares (~0.08 % of his direct stake) for roughly $3.2 m, under a disclosed 10b5-1 plan. While any insider selling by a founder-CEO can be perceived negatively, the scale is immaterial versus his >17 m direct shares and >22 m held via trusts. The plan was adopted months in advance, reducing concerns of adverse non-public information. I view the impact on valuation as limited; selling may reflect diversification or liquidity rather than weakening conviction.

TL;DR: Transparent, pre-planned sales; neutral governance impact.

The filing adheres to SEC disclosure norms: Rule 10b5-1 plan, weighted-average price ranges, and sizeable continuing ownership. Transparency lowers litigation risk. Governance red flags would arise only if sales accelerated or were off-plan, which is not the case here. Therefore the event is largely procedural and non-impactful for shareholders.

Pegasystems Inc. (PEGA) � Comunicazione di trading interno Form 4

Il CEO, Presidente e azionista con oltre il 10% Alan N. Trefler ha dichiarato due vendite sul mercato aperto di azioni ordinarie della società effettuate il 18 giugno 2025 nell'ambito di un piano di trading predefinito secondo la Regola 10b5-1 adottato il 6 novembre 2024.

  • 27.016 azioni vendute a un prezzo medio ponderato di 100,76 $.
  • 4.484 azioni vendute a un prezzo medio ponderato di 101,22 $.

Totale azioni cedute: 31.500 azioni, generando circa 3,2 milioni di dollari di ricavi lordi (basato sui prezzi medi ponderati comunicati).

Dopo le transazioni, la proprietà diretta di Trefler è scesa a 17.027.892 azioni. Continua inoltre a detenere ingenti partecipazioni indirette tramite cinque trust separati, con quote individuali che variano da 1,6 milioni a 7,5 milioni di azioni.

La comunicazione non riporta acquisti, esercizi di opzioni o transazioni su derivati. Tutte le vendite sono state effettuate nell'ambito del piano 10b5-1, che offre una difesa formale contro accuse di insider trading.

Pegasystems Inc. (PEGA) � Presentación de operaciones internas Formulario 4

El CEO, presidente y accionista con más del 10% Alan N. Trefler reveló dos ventas en el mercado abierto de acciones ordinarias de la compañía realizadas el 18 de junio de 2025 bajo un plan de negociación preestablecido conforme a la Regla 10b5-1, adoptado el 6 de noviembre de 2024.

  • 27,016 acciones vendidas a un precio promedio ponderado de $100.76.
  • 4,484 acciones vendidas a un precio promedio ponderado de $101.22.

Disposición total: 31,500 acciones, generando aproximadamente $3.2 millones en ingresos brutos (basado en los precios promedio ponderados reportados).

Tras las transacciones, la propiedad directa de Trefler disminuyó a 17,027,892 acciones. Además, mantiene participaciones indirectas significativas a través de cinco fideicomisos separados, con participaciones individuales que van desde 1.6 millones hasta 7.5 millones de acciones.

La presentación no incluye compras, ejercicios de opciones ni transacciones con derivados. Todas las ventas se realizaron bajo el plan 10b5-1, que proporciona una defensa afirmativa contra acusaciones de uso de información privilegiada.

Pegasystems Inc. (PEGA) � 내부� 거래 신고� Form 4

CEO, 회장 ë°� 10% ì´ìƒ 주주ì� Alan N. TreflerëŠ� 2024ë…� 11ì›� 6ì� 채íƒë� 사전 설정ë� Rule 10b5-1 거래 계íšì—� ë”°ë¼ 2025ë…� 6ì›� 18ì� 회사 보통ì£� 공개 시장 ë§¤ë„ ë‘� ê±´ì„ ì‹ ê³ í–ˆìŠµë‹ˆë‹¤.

  • 27,016ì£�ë¥� í‰ê·  ê°€ì¤� ê°€ê²� $100.76ì—� 매ë„.
  • 4,484ì£�ë¥� í‰ê·  ê°€ì¤� ê°€ê²� $101.22ì—� 매ë„.

ì´� 처분 주ì‹: 31,500ì£�, ì•� 320ë§� 달러ì� ì´� ìˆ˜ìµ ì°½ì¶œ(공개ë� í‰ê·  ê°€ì¤� ê°€ê²� 기준).

거래 í›� Treflerì� ì§ì ‘ 보유 주ì‹ì¶Ä 17,027,892ì£�ë¡� ê°ì†Œí–ˆìŠµë‹ˆë‹¤. ë˜í•œ 다섯 ê°œì˜ ë³„ë„ ì‹ íƒì� 통해 ê°ê° 160ë§� 주ì—ì„� 750ë§� ì£�ì—� ì´ë¥´ëŠ� ìƒë‹¹í•� ê°„ì ‘ ì§€ë¶„ì„ ê³„ì† ë³´ìœ í•˜ê³  있습니다.

신고서ì—ëŠ� 매수, 옵션 행사 ë˜ëŠ” 파ìƒìƒí’ˆ 거래 ë‚´ì—­ì� 없습니다. 모든 매ë„ëŠ� 10b5-1 계íšì—� ë”°ë¼ ì´ë£¨ì–´ì ¸ ë‚´ë¶€ìž� 거래 í˜ì˜ì—� 대í•� ê¸ì •ì � ë°©ì–´ 수단ì� 제공합니ë‹�.

Pegasystems Inc. (PEGA) � Déclaration d’opérations d’initiés Formulaire 4

Le PDG, président et actionnaire détenant plus de 10% Alan N. Trefler a divulgué deux ventes en marché ouvert d’actions ordinaires de la société réalisées le 18 juin 2025 dans le cadre d’un plan de trading préétabli selon la règle 10b5-1 adopté le 6 novembre 2024.

  • 27 016 actions vendues à un prix moyen pondéré de 100,76 $.
  • 4 484 actions vendues à un prix moyen pondéré de 101,22 $.

Disposition totale : 31 500 actions, générant environ 3,2 millions de dollars de produit brut (basé sur les prix moyens pondérés divulgués).

Après ces transactions, la détention directe de Trefler a diminué à 17 027 892 actions. Il détient également d’importantes participations indirectes via cinq trusts distincts, allant individuellement de 1,6 million à 7,5 millions d’actions.

La déclaration ne mentionne aucun achat, exercice d’options ou transaction sur dérivés. Toutes les ventes ont été réalisées dans le cadre du plan 10b5-1, offrant une défense affirmative contre les accusations d’initié.

Pegasystems Inc. (PEGA) � Insider-Handelsmeldung Formular 4

CEO, Vorsitzender und Aktionär mit mehr als 10% Anteil Alan N. Trefler meldete zwei Verkäufe von Stammaktien des Unternehmens am 18. Juni 2025 im Rahmen eines vorab festgelegten Rule 10b5-1 Handelsplans, der am 6. November 2024 angenommen wurde.

  • 27.016 Aktien wurden zu einem gewichteten Durchschnittspreis von 100,76 $ verkauft.
  • 4.484 Aktien wurden zu einem gewichteten Durchschnittspreis von 101,22 $ verkauft.

Gesamtverkauf: 31.500 Aktien, mit einem Bruttoerlös von etwa 3,2 Millionen US-Dollar (basierend auf den angegebenen gewichteten Durchschnittspreisen).

Nach den Transaktionen sank Treflers direkter Anteil auf 17.027.892 Aktien. Zudem hält er weiterhin bedeutende indirekte Anteile über fünf separate Trusts, die jeweils zwischen 1,6 Millionen und 7,5 Millionen Aktien liegen.

Die Meldung enthält keine Käufe, Ausübung von Optionen oder Derivatgeschäfte. Alle Verkäufe erfolgten im Rahmen des 10b5-1-Plans, der einen positiven Rechtsschutz gegen Insiderhandel-Vorwürfe bietet.

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).
X
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*
TREFLER ALAN

(Last) (First) (Middle)
C/O PEGASYSTEMS INC.
225 WYMAN STREET, STE 300

(Street)
WALTHAM MA 02451

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PEGASYSTEMS INC [ PEGA ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
C.E.O. & Chairman
3. Date of Earliest Transaction (Month/Day/Year)
06/18/2025
4. If Amendment, Date of 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
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 1,605,503 I Alan N. Trefler Irrevocable Non-GST Trust of 2022
Common stock 5,067,271 I Alan N. Trefler Grantor Retained Annuity Trust I of 2023
Common stock 2,190,736 I Alan N. Trefler Grantor Retained Annuity Trust II of 2023
Common stock 7,500,000 I Alan N. Trefler Grantor Retained Annuity Trust I of 2024
Common stock 6,000,000 I Alan N. Trefler Grantor Retained Annuity Trust II of 2024
Common stock 06/18/2025 S 27,016(1) D $100.76(2) 17,032,376 D
Common stock 06/18/2025 S 4,484(1) D $101.22(3) 17,027,892 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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Sold pursuant to a pre-arranged trading plan adopted by Mr. Trefler November 6, 2024 under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
2. Represents the weighted average of sale prices, ranging from $100.06 to $101.05. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
3. Represents the weighted average of sale prices, ranging from $101.06 to $101.46. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
Remarks:
/s/ Ewelina Kemp, Attorney-in-Fact for Alan Trefler 06/23/2025
** 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.

FAQ

How many Pegasystems (PEGA) shares did CEO Alan Trefler sell on 18 June 2025?

He sold 31,500 shares of common stock in two separate transactions.

What prices did the PEGA shares sell for in the Form 4 filing?

Weighted-average prices were $100.76 for 27,016 shares and $101.22 for 4,484 shares.

Does Alan Trefler still own shares after the sale?

Yes. He holds 17,027,892 shares directly and additional shares through five trusts listed in the filing.

Was the sale part of a 10b5-1 trading plan?

Yes. The filing states the shares were sold under a Rule 10b5-1 plan adopted on 6 Nov 2024.

Is there any indication of derivative transactions in this Form 4?

No. Table II lists no derivative security transactions or holdings.
Pegasystems Inc

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8.83B
86.84M
47.06%
51.9%
1.85%
Software - Application
Services-computer Processing & Data Preparation
United States
WALTHAM