Higgins John Gerard 4

What Happened

• John Gerard Higgins, Chief, Client & Partner Success at Pegasystems (PEGA), had restricted stock units (RSUs) vest and converted to common shares (reported as exercise/conversion). On 2026-06-04 he converted 1,616 RSUs and on 2026-06-05 he converted 2,200 RSUs (total 3,816 shares acquired at $0.00 exercise price). To satisfy tax withholding obligations, 902 shares were withheld/sold on 2026-06-04 at $35.11 ($31,669) and 1,228 shares were withheld/sold on 2026-06-05 at $35.44 ($43,520), totaling $75,189 in proceeds (or withholding value). These transactions are routine tax-withholding dispositions rather than open-market purchases or discretionary sales.

Key Details

• Transaction dates: 2026-06-04 (1,616 RSUs converted; 902 shares withheld/sold at $35.11) and 2026-06-05 (2,200 RSUs converted; 1,228 shares withheld/sold at $35.44).
• Aggregate RSUs converted: 3,816; aggregate shares disposed for taxes: 2,130; aggregate proceeds/withholding value reported: $75,189.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1—each RSU equals the right to one share upon vesting; F2—25% of the RSUs vested on the Date Exercisable and the remaining 75% vest in equal quarterly installments over the next three years.
• Transaction codes: M = exercise/conversion of derivative (RSU conversion to shares); F = payment of exercise price or tax liability (shares withheld/sold for taxes).
• Filing: Form 4 filed with accession 0001915414-26-000014 on 2026-06-08 reporting the 2026-06-04 and 2026-06-05 transactions; the form does not indicate a late filing in the provided excerpt.

Context

• These were vesting-related conversions of RSUs (no cash exercise price was paid — $0.00), followed by share withholding/sales to cover tax liabilities (a common, administrative action). Such withholdings are routine and generally do not by themselves indicate a change in the insider’s view of the company.