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

Kenneth Stillwell, COO and CFO of PegaSystems, sold 2,000 shares of common stock at an average price of $69.75 on April 1, 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 April 1, 2025.
• The sale was executed under a pre-arranged trading plan adopted on August 29, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• The shares were sold at a weighted average price of $69.75, with individual prices ranging from $69.49 to $70.00.
• Following the transaction, Stillwell directly owns 21,245 shares of PegaSystems common stock, excluding unvested restricted stock units and/or options awards.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by an executive under a pre-arranged trading plan, indicating a neutral sentiment.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the insider is selling shares in a pre-planned manner to avoid accusations of trading on inside information.

Stakeholder Impact

• The sale of shares by an executive could have a minor negative impact on shareholder sentiment, but the pre-arranged nature of the sale mitigates this impact.

Key Dates

Keywords

PegaSystems, Kenneth Stillwell, insider trading, Form 4, PEGA, 10b5-1 plan, stock sale, COO, CFO