Form 4: PegaSystems Chief Product Officer Rifat Kerim Akgonul Reports Stock Transactions
SEC Form 4 Filing
Chief Product Officer Rifat Kerim Akgonul of PegaSystems reports exercising stock options and selling shares to cover tax obligations.
Summary
- On May 9, 2025, Rifat Kerim Akgonul, Chief Product Officer of PegaSystems, executed multiple transactions involving the company's common stock.
- Akgonul exercised stock options to acquire 12,000 shares at $47.27 and another 12,000 shares at $33.90.
- He then disposed of 8,836 shares and 8,067 shares to cover tax liabilities at a price of $92.77 per share.
- Additionally, Akgonul sold 4,454 shares at an average price of $92.82 and 2,643 shares at $92.92.
- Following these transactions, Akgonul directly owns 44,640 shares of PegaSystems common stock.
- He also holds options for 6,227 shares exercisable at $47.27 and 77,682 shares exercisable at $33.90.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an executive, which is a normal occurrence.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. These transactions do not necessarily indicate a change in the company's prospects, but rather reflect individual financial decisions.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders as they represent a small percentage of the company's outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/02/2023 | First vesting date for options granted on an unspecified date. |
| 03/07/2023 | Date the reporting person was granted an option to purchase 18,227 shares of common stock. |
| 05/09/2025 | Date of the reported transactions, including option exercises and stock sales. |
| 03/07/2025 | First anniversary of the date of grant for options to purchase 18,227 shares of common stock. |
| 11/02/2032 | Expiration date for stock options. |
| 03/07/2033 | Expiration date for stock options. |
Keywords
Form 4, Stock Options, PegaSystems, Akgonul, Insider Trading, Beneficial Ownership
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