TREFLER ALAN 4

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.