Form 4: Pegasystems COO/CFO Kenneth Stillwell Sells Over 4,000 Shares Under Pre-Arranged Trading Plan

Pegasystems Inc.'s Chief Operating Officer and Chief Financial Officer, Kenneth Stillwell, sold 4,000 shares of common stock on July 1, 2025, through a pre-arranged 10b5-1 trading plan.

Summary

• Kenneth Stillwell, the Chief Operating Officer and Chief Financial Officer of Pegasystems Inc. (PEGA), sold a total of 4,000 shares of common stock on July 1, 2025.
• The sales were executed under a pre-arranged trading plan adopted by Mr. Stillwell on August 29, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• One block of 3,000 shares was sold at a weighted average price of $52.31 per share, with individual sale prices ranging from $51.88 to $52.67.
• A second block of 1,000 shares was sold at a weighted average price of $53.64 per share, with individual sale prices ranging from $53.05 to $53.94.
• Following these transactions, Mr. Stillwell beneficially owns 49,350 shares of Pegasystems common stock.
• The total shares beneficially owned reflect a 2-for-1 stock split that became effective on June 20, 2025, and include shares acquired on June 30, 2025, pursuant to the employee stock purchase plan.

Sentiment

Score: 4

Explanation: The sale of shares by a key executive, even under a pre-arranged plan, is generally viewed as neutral to slightly negative as it reduces the executive's direct equity alignment with shareholders, though the pre-planned nature mitigates significant negative sentiment.

Positives

• The sales were conducted under a Rule 10b5-1 pre-arranged trading plan, indicating a planned and transparent transaction rather than an immediate reaction to new information.

Negatives

• Insider selling, even under a 10b5-1 plan, reduces an executive's direct equity stake in the company, which can sometimes be perceived as a lack of confidence by investors.

Future Outlook

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

Industry Context

This Form 4 filing details an individual executive's stock transaction and does not provide broader insights into industry trends or competitive landscape.

Stakeholder Impact

• Shareholders: The sale of shares by a key executive may influence investor sentiment regarding management's confidence in the company, although the pre-arranged nature of the sale lessens this impact.

Next Steps

• The individual undertakes to provide the Company, SEC staff, or any security holder, upon request, full information regarding the number of shares sold at each separate price.

Key Dates

Keywords

Pegasystems, PEGA, Kenneth Stillwell, Insider Sale, Form 4, 10b5-1 Plan, Executive Stock Sale, Common Stock, Stock Split