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

Richard H. Jones, a director at PegaSystems, sold shares of common stock on August 1, 2024, under a pre-arranged trading plan.

Summary

• On August 1, 2024, Richard H. Jones, a director of PegaSystems Inc., sold shares of the company's common stock.
• The sales were executed under a pre-arranged trading plan adopted on April 30, 2024, in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934.
• A total of 15,271 shares were sold in two separate transactions.
• 12,700 shares were sold at a weighted average price of $69.13, with prices ranging from $68.59 to $69.57.
• 2,571 shares were sold at a weighted average price of $69.87, with prices ranging from $69.59 to $70.09.
• Following the reported transactions, Jones continues to beneficially own a significant number of PegaSystems shares directly and indirectly through various trusts.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock sales by a company director. It doesn't contain any information that would significantly sway investor sentiment positively or negatively.

Industry Context

This filing is a routine disclosure of insider trading activity. It's common for executives and directors to sell shares under pre-arranged plans to avoid accusations of trading on inside information. The impact on the stock price is usually minimal unless the sale is unusually large.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates