TREFLER ALAN 4
4 · PEGASYSTEMS INC · Filed Feb 19, 2026
Research Summary
AI-generated summary of this filing
Pegasystems (PEGA) 10% Owner Alan Trefler Sells Shares
What Happened Alan Trefler, listed as a 10% owner of Pegasystems, sold a total of 29,672 shares in two open‑market transactions. On 2026-02-17 he sold 11,742 shares at an average price of $45.12 for $529,799, and on 2026-02-18 he sold 17,930 shares at an average price of $45.03 for $807,388 — total proceeds about $1,337,187. These were sales (not purchases) and therefore are typically routine dispositions rather than bullish purchases.
Key Details
- Transaction dates and amounts:
- 2026-02-17: 11,742 shares @ $45.12 = $529,799
- 2026-02-18: 17,930 shares @ $45.03 = $807,388
- Total sold: 29,672 shares for ~$1.34M.
- Shares owned after transaction: not provided in the supplied filing details.
- Notable footnotes:
- F1: Sales were made pursuant to a pre‑arranged Rule 10b5‑1 trading plan adopted Nov 11, 2025.
- F2/F3: Report weighted‑average sale prices with ranges ($45.00–$45.37 and $45.00–$45.26); the insider has committed to provide a breakdown of shares sold at each price to the SEC or any shareholder on request.
- Filing timeliness: filing dated 2026-02-19 covering trades on Feb 17–18 — no late filing flag indicated in the provided info.
Context As a 10% owner, Trefler is a significant shareholder; sales executed under a 10b5‑1 plan are typically pre‑scheduled and intended to avoid insider trading concerns. These transactions are dispositions (sales) and do not by themselves indicate management’s view of the company’s prospects.
Insider Transaction Report
- Sale
Common stock
[F1][F2]2026-02-17$45.12/sh−11,742$529,799→ 44,337,712 total - Sale
Common stock
[F1][F3]2026-02-18$45.03/sh−17,930$807,388→ 44,319,782 total
- 8,703,426(indirect: By Trust)
Common stock
- 2,071,585(indirect: By Trust)
Common stock
- 10,879,283(indirect: By Trust)
Common stock
- 10,876,525(indirect: By Trust)
Common stock
Footnotes (3)
- [F1]Sold pursuant to a pre-arranged trading plan adopted by Mr. Trefler on November 11, 2025 under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
- [F2]Represents the weighted average of sale prices, ranging from $45.00 to $45.37. 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.
- [F3]Represents the weighted average of sale prices, ranging from $45.00 to $45.26. 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.