Form 4: PEGA COO/CFO Stillwell Sells 1,000 Shares

Pegasystems COO and CFO Kenneth Stillwell sold 1,000 shares of common stock at $43.69 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Kenneth Stillwell, the Chief Operating Officer and Chief Financial Officer of Pegasystems Inc. (PEGA), reported a sale of common stock.
• The transaction involved the disposition of 1,000 shares of Pegasystems common stock.
• The shares were sold at a price of $43.69 per share.
• The sale occurred on February 2, 2026.
• This transaction was executed pursuant to a pre-arranged trading plan adopted by Mr. Stillwell on August 29, 2024, under Rule 10b5-1 of the Securities Exchange Act of 1934.
• Following this transaction, Mr. Stillwell directly beneficially owns 121,880 shares of common stock.
• Additionally, Mr. Stillwell indirectly beneficially owns 1,908 shares through his children.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a routine insider transaction under a pre-arranged 10b5-1 plan, which is typically for personal financial management and does not signal a change in company fundamentals.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

StockSavvy.ai notes that insider sales executed under Rule 10b5-1 plans are common for corporate executives. These plans allow insiders to sell a predetermined number of shares at a predetermined time or price, helping them manage personal finances and diversify holdings while avoiding accusations of trading on material non-public information. Such routine sales are generally not indicative of a change in the company's fundamental prospects.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in insider ownership, but given it's under a 10b5-1 plan, it is unlikely to significantly impact shareholder sentiment or the company's valuation.

Key Dates

Recommendation

A single, pre-planned sale of 1,000 shares by a COO/CFO, especially under a 10b5-1 plan, is a routine event for personal financial management and does not typically indicate a change in the company's fundamental outlook. It is not a strong signal for either buying or selling, thus a 'hold' recommendation is appropriate.

Keywords

Pegasystems, PEGA, Insider Trading, Form 4, Stock Sale, Kenneth Stillwell, 10b5-1 Plan