KOUNINIS EFSTATHIOS A 4

What Happened
Efstathios Kouninis, SVP and Chief Accounting Officer of Pegasystems (PEGA), converted vested restricted stock units (RSUs) into common shares. The filing shows conversion of 312 RSU units (206 on 2026-03-01 and 106 on 2026-03-02). To satisfy tax withholding, 62 shares were withheld on 2026-03-01 and 32 shares on 2026-03-02 (94 shares total) at $43.73 per share, a combined withholding value of $4,110. The RSU conversions are reported with $0.00 exercise price (typical for RSU settlements).

Key Details

• Transaction dates and amounts:
  • 2026-03-01: Converted 206 RSUs (reported as derivative exercise); 62 shares withheld for taxes at $43.73 ($2,711).
  • 2026-03-02: Converted 106 RSUs; 32 shares withheld for taxes at $43.73 ($1,399).
  • Total converted: 312 RSUs; total withheld: 94 shares worth $4,110.
• Price reported on withholding transactions: $43.73 per share.
• Shares owned after transaction: Not specified in the filing.
• Footnotes: F1 — each RSU equals one share on vesting; F2 — 20% of the RSUs vested on the Date Exercisable, with the remaining 80% vesting in equal quarterly installments over the next four years.
• Timeliness: Filing dated 2026-03-03; appears timely (not marked late).

Context
This was an RSU settlement (derivative conversion) with share withholding to cover tax obligations — a routine, non-cash purchase/sale by an insider. The filing lists both the RSU-to-share conversion (code M) and the tax-withholding share disposition (code F). Withheld shares are used to pay taxes and do not necessarily indicate a view on the company’s stock.