Pegasystems Director Larry Weber Receives Stock Awards

What Happened Larry Weber, a director of Pegasystems Inc. (PEGA), was granted equity as annual director compensation on August 15, 2026. The Form 4 reports two acquisitions: 3,868 unrestricted shares of common stock (reported at $0.00) and 7,947 derivative shares reported as a grant of non‑statutory stock options (also reported at $0.00). These were awards/compensation rather than market purchases or sales.

Key Details

• Transaction date: August 15, 2026; Form 4 filed August 18, 2026 (filing appears within the standard two business‑day window).
• Awards reported: 3,868 unrestricted common shares (acquired at $0.00) and 7,947 non‑statutory stock options (reported as derivative acquisition at $0.00).
• Total cash paid: $0 (reported as compensation awards).
• Shares owned following the transaction: not disclosed in the summary data of this prompt / not specified in the filing excerpt provided.
• Footnotes: F1 = unrestricted shares received as director annual compensation; F2 = non‑statutory stock option fully vested on issuance and granted as director annual compensation.

Context These transactions are compensation grants to a director (common for board service) and do not represent an open‑market purchase or sale. The derivative entry reflects the grant of options that vested on issuance — it is not an exercise or immediate sale of shares. Such awards are routine corporate governance compensation and should be interpreted as remuneration rather than a directional bet by the insider.