KOUNINIS EFSTATHIOS A 4

What Happened

• Efstathios Kouninis, SVP and Chief Accounting Officer of Pegasystems (PEGA), sold 750 shares on 2026-05-29 and 750 shares on 2026-06-01 in open-market transactions for total gross proceeds of about $53,806. The filings also show the conversion/exercise of 204 restricted stock units (RSUs) on 2026-06-01 and a disposition of 50 shares to cover tax withholding (payment of tax liability) valued at about $1,786.
• These were primarily sales (routine liquidity/tax-related activity) combined with RSU vesting/conversion—not a purchase signal.

Key Details

• Open-market sales:
  • 2026-05-29: 750 shares @ $34.75 — $26,063
  • 2026-06-01: 750 shares @ $36.99 — $27,743
  • Gross proceeds from open-market sales: ≈ $53,806
• RSU/derivative activity on 2026-06-01:
  • Exercise/conversion (M): 204 shares @ $0 (acquired)
  • Payment of tax liability (F): 50 shares @ $35.73 — $1,786 (surrendered/withheld)
  • Derivative disposition (M): 204 shares @ $0 listed as disposed in the filing
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1 — each restricted stock unit (RSU) represents the right to one common share upon vesting. F2 — 20% of the RSUs vested on the Date Exercisable; the remaining 80% vest in equal quarterly installments over the next four years.
• No late-filing indication in the provided data.

Context

• The filing shows vested RSUs being converted and some shares used to satisfy tax withholding; filings that combine vesting and immediate dispositions are commonly administrative (tax withholding or cashless settlement) rather than a directional bet on the stock.
• Sales by executives are frequent for diversification or tax reasons and do not necessarily indicate a change in sentiment about the company.