Pegasystems (PEGA) CPO Akgonul Rifat Kerim Sells 7,000 Shares

What Happened

• Akgonul Rifat Kerim, Chief Product Officer of Pegasystems Inc. (PEGA), sold 7,000 shares on 2026-09-11. The reported sale price was $36.03 per share, for total proceeds of $252,210. The filing lists the transaction as an "open market or private sale" (code S), indicating a disposition of previously held shares. Sales are often routine and do not necessarily signal a change in the insider’s view of the company.

Key Details

• Transaction date: 2026-09-11
• Price per share: $36.03
• Shares sold: 7,000
• Total proceeds: $252,210
• Transaction type: Sale (open market or private sale), SEC Form 4 filed with accession 0001855325-26-000032 on 2026-09-15
• Shares owned after transaction: Not specified in the provided filing excerpt
• Notable footnotes: None disclosed (no 10b5-1 plan, tax withholding, or other special notations shown)
• Filing timeliness: Form 4 was filed on 2026-09-15. Form 4s are generally due within two business days after the transaction; based on calendar/business-day count this filing may be on time. No explicit late-filing indicator was provided in the excerpt.

Context

• Sales by executives are common and can reflect personal liquidity needs, scheduled sell plans, or portfolio diversification. By itself, a sale does not provide definitive insight into management’s long-term outlook. Purchases by insiders tend to be more informative of bullish conviction.