Form 4: PegaSystems Director Richard H. Jones Sells 10,000 Shares Under Pre-Arranged Trading Plan

Richard H. Jones, a director at PegaSystems, sold 10,000 shares of common stock on September 3, 2024, under a pre-arranged trading plan.

Summary

• On September 3, 2024, Richard H. Jones, a director of PegaSystems Inc., sold 10,000 shares of the company's common stock.
• The sale was executed at a weighted average price of $69.88 per share, with individual prices ranging from $69.78 to $70.09.
• The transaction was conducted under a pre-arranged trading plan adopted on April 30, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• Following the sale, Jones directly owns 23,676 shares and indirectly owns 357,058 shares through the Richard H. Jones Revocable Trust, 85,584 shares through the Patricia Jones Cornerstone Trust and 14,339 shares through the Patricia Jones Revocable Trust.

Sentiment

Score: 5

Explanation: The document is a standard SEC Form 4 filing, indicating a routine stock sale by a company director under a pre-arranged trading plan. The sentiment is neutral as it reflects a normal course of business activity.

Industry Context

Sales by insiders are a normal part of corporate governance. It is important to consider the context of the sale, such as whether it was pre-planned, the size of the sale relative to the insider's holdings, and the company's overall performance.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, but the pre-arranged nature of the sale mitigates this concern.

Key Dates