Form 4: PegaSystems COO Kenneth Stillwell Sells 2,000 Shares Under 10b5-1 Plan

Kenneth Stillwell, COO and CFO of PegaSystems, sold 2,000 shares of common stock at $105.63 per share on February 3, 2025, under a pre-arranged trading plan.

Summary

• Kenneth Stillwell, the COO and CFO of PegaSystems, sold 2,000 shares of the company's common stock on February 3, 2025.
• The sale was executed at a price of $105.63 per share.
• The transaction was conducted under a pre-arranged trading plan adopted on August 29, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• Following the transaction, Stillwell directly owns 14,466 shares of PegaSystems common stock, excluding unvested restricted stock units and/or options awards.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it reports a routine stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders buy or sell their company's stock. These filings are closely watched by investors for insights into management's perspective on the company's valuation and future prospects. The use of a 10b5-1 plan suggests the sale was pre-planned and intended to avoid accusations of insider trading.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but the existence of a pre-arranged trading plan mitigates this concern.

Key Dates

Keywords

Form 4, PegaSystems, Kenneth Stillwell, COO, CFO, Stock Sale, Rule 10b5-1, Insider Trading