Akgonul Rifat Kerim 4

What Happened

• Akgonul Rifat Kerim, Chief Product Officer of Pegasystems (PEGA), had restricted stock units (RSUs) vest and converted into common shares on 2026-06-04 and 2026-06-05.
• Total vested/converted: 3,816 shares (1,616 on 6/4 and 2,200 on 6/5). To cover tax withholding, 782 shares were withheld on 6/4 at $35.11 ($27,456) and 1,064 shares were withheld on 6/5 at $35.44 ($37,708) — total withheld value $65,164. Net shares received: 1,970.

Key Details

• Transaction types/codes: M = exercise/conversion of derivative (RSU vesting), F = shares surrendered/withheld to satisfy tax liability.
• Dates and prices: 6/4/2026 (1,616 shares; withholding 782 @ $35.11 = $27,456); 6/5/2026 (2,200 shares; withholding 1,064 @ $35.44 = $37,708).
• Shares owned after transaction: Not specified in the supplied filing. Net new shares retained by the insider = 1,970.
• Footnotes: F1 clarifies each RSU converts to one common share at vesting; F2 indicates 25% of the RSUs vested on the stated date and the remaining 75% vest quarterly over the next three years.
• Filing timeliness: Form filed 2026-06-08 covering transactions on 6/4 and 6/5; this filing date is within the standard Form 4 reporting window (timely).

Context

• These entries reflect routine RSU vesting and a common cashless settlement mechanism where shares are withheld to cover taxes — not an open-market purchase or sale for investment purposes.
• The exercise price reported as $0.00 is consistent with RSUs (no cash exercise price). The F-code disposals are tax withholding, not discretionary sales.