STILLWELL KENNETH 4
Research Summary
AI-generated summary
Pegasystems (PEGA) COO/CFO Kenneth Stillwell Sells 44,000 Shares
What Happened
Kenneth Stillwell, Pegasystems' (PEGA) COO and CFO, disposed of 44,000 shares in an open-market sale on March 10, 2026. The Form 4 reports a weighted average sale price of $44.81, totaling $1,971,640. This was a sale (S), which is commonly a routine liquidity event rather than a direct signal of company outlook.
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (no late filing indicated).
- Shares sold: 44,000; reported weighted-average price: $44.81; total proceeds: $1,971,640.
- Price range (per footnote F1): sales ranged from $44.52 to $45.42; the insider will provide, on request, the number of shares sold at each price.
- Transaction type: S = sale (open market or private sale as reported).
- Shares owned after transaction: not disclosed in the provided filing.
Context
Sales by executives are often routine (diversification, tax, liquidity) and are less informative than purchases when gauging insider confidence. This filing shows a straightforward sale of shares rather than an option exercise, grant, or gift.