Form 4: Pegasystems CEO Alan Trefler Sells Shares Under 10b5-1 Plan

Pegasystems CEO and Chairman Alan Trefler sold 90,000 shares of common stock in pre-arranged transactions on January 21-22, 2026.

Summary

• Alan Trefler, CEO, Chairman, and 10% owner of Pegasystems Inc. (PEGA), reported sales of common stock.
• A total of 90,000 shares of common stock were sold across two days: 45,000 shares on January 21, 2026, and 45,000 shares on January 22, 2026.
• The sales were executed pursuant to a pre-arranged trading plan adopted by Mr. Trefler on November 6, 2024, under Rule 10b5-1.
• Sale prices ranged from weighted averages of $47.73 to $51.35 per share.
• Following these transactions, Mr. Trefler directly beneficially owns 44,349,454 shares of common stock.
• Indirect beneficial ownership includes 10,876,525 shares through the Alan N. Trefler Irrevocable Non-GST Trust of 2022, 10,879,283 shares through the Alan N. Trefler Grantor Retained Annuity Trust I of 2024, 8,703,426 shares through the Alan N. Trefler Grantor Retained Annuity Trust II of 2024, and 2,071,585 shares through The Trefler 2025 Trust.

Sentiment

Score: 5

Explanation: Neutral. The filing reports pre-scheduled insider stock sales under a 10b5-1 plan, which is a common practice for executives and generally not indicative of a change in company outlook or performance.

Future Outlook

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

Industry Context

This Form 4 filing reports routine insider stock sales executed under a pre-arranged 10b5-1 trading plan. Such plans are common among executives for personal financial planning, diversification, and liquidity, and typically do not reflect a change in the insider's view of the company's fundamental prospects or broader industry trends.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive, even if pre-planned, could be observed by investors, but typically has minimal impact on company valuation or sentiment when executed under a 10b5-1 plan.

Key Dates

Keywords

Pegasystems, PEGA, Alan Trefler, Insider Sales, Form 4, 10b5-1 Plan, Common Stock, CEO, Chairman