SCHEDULE: Pegasystems Founder Trefler Boosts Stake to 46%

Alan Trefler, founder of Pegasystems Inc., has reported beneficial ownership of 46.0% of the company's common stock, totaling 79,197,377 shares.

Summary

• Alan Trefler, the reporting person, beneficially owns 79,197,377 shares of Pegasystems Inc. Common Stock.
• This ownership represents 46.0% of the total class of securities.
• Mr. Trefler holds sole voting and dispositive power over 66,165,267 shares.
• He holds shared voting and dispositive power over 13,032,110 shares.
• Shares under sole control include 44,934,364 shares held individually, 10,879,283 shares in the Alan N. Trefler Grantor Retained Annuity Trust I of 2024, 8,703,426 shares in the Alan N. Trefler Grantor Retained Annuity Trust II of 2024, and 1,648,194 shares acquirable within 60 days of September 30, 2025 through equity compensation awards.
• Shares under shared control include 10,876,525 shares in the Alan N. Trefler Irrevocable Non-GST Trust of 2022, 84,000 shares in The Trefler Foundation, and 2,071,585 shares in The Trefler 2025 Trust.

Sentiment

Score: 8

Explanation: The founder's substantial beneficial ownership of 46.0% of the company's stock signals strong confidence and alignment of interests with shareholders, which is typically viewed positively.

Positives

• Alan Trefler, a key insider and likely founder, holds a significant 46.0% beneficial ownership stake, indicating strong alignment of interests with the company's long-term success.
• A substantial portion of his ownership (66,165,267 shares) is under his sole voting and dispositive power, demonstrating direct control and commitment.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: High insider ownership can lead to greater alignment between management and shareholder interests, potentially fostering long-term value creation.
• Management: Alan Trefler's significant stake reinforces his influence and control over the company's strategic direction.

Key Dates

Recommendation

The filing confirms a very substantial beneficial ownership by founder Alan Trefler, representing 46.0% of Pegasystems Inc. This level of insider ownership typically indicates strong confidence from key management and aligns their interests closely with long-term shareholder value. However, a Schedule 13G is purely an ownership disclosure and does not provide financial performance, strategic updates, or other operational details necessary for a definitive 'buy' or 'sell' recommendation. Therefore, a 'hold' recommendation is appropriate, acknowledging the positive signal of strong insider commitment while awaiting further operational insights.

Keywords

Pegasystems, Pega, Alan Trefler, beneficial ownership, Schedule 13G, insider ownership, common stock, equity, voting power, dispositive power