PEGASYSTEMS INC 8-K

What Happened

• On January 8, 2026, the Supreme Court of Virginia unanimously affirmed the July 30, 2024 decision of the Court of Appeals of Virginia that had reversed the judgment for Appian Corp. on the VUTSA (Virginia Uniform Trade Secrets Act) claims in Appian Corp. v. Pegasystems Inc. and Youyong Zou (Circuit Court of Fairfax County, Virginia). The Supreme Court ordered the matter remanded for retrial consistent with its opinion.
• Also on January 8, 2026, Pegasystems sent an email to employees (filed as Exhibit 99.1 to the Form 8-K) regarding the lawsuit and the court decision.

Key Details

• Date of Supreme Court decision: January 8, 2026 (unanimous ruling).
• The decision affirmed in full the Court of Appeals’ July 30, 2024 reversal of the judgment for Appian on VUTSA claims.
• The case has been remanded to the lower court for retrial consistent with the Virginia Supreme Court’s opinion.
• Pegasystems disclosed an internal employee communication about the ruling, attached as Exhibit 99.1 to the 8-K.

Why It Matters

• This ruling means the previous judgment in favor of Appian on the trade-secrets claims was overturned and the case will proceed to retrial, so the legal dispute is ongoing rather than finally resolved.
• For investors, the remand preserves uncertainty around potential litigation outcomes, costs, or remedies; the 8-K does not disclose any new monetary judgment or financial impact in this filing.
• Investors should monitor future filings and court developments for potential financial disclosures, settlement news, or changes to the company’s legal reserves or risk assessment.