Form 4: PegaSystems Inc. Executive Rifat Kerim Akgonul Sells Shares Under Pre-Arranged Trading Plan

Rifat Kerim Akgonul, Chief Product Officer of PegaSystems Inc., executed sales of common stock under a pre-arranged trading plan.

Summary

• On May 20, 2025, Rifat Kerim Akgonul, Chief Product Officer of PegaSystems Inc., sold 6,900 shares of common stock at a weighted average price of $104.31.
• An additional 100 shares were sold at $104.8.
• These transactions were executed under a pre-arranged trading plan adopted on November 25, 2024, in accordance with Rule 10b5-1.
• Following the reported transactions, Akgonul directly owns 37,640 shares of PegaSystems Inc. common stock.
• The reported holdings do not include unvested restricted stock units and/or options awards.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to insider trading. The sentiment is neutral as it simply reports transactions without expressing any opinion on the company's performance or future prospects.

Industry Context

Insider sales are a common occurrence, and pre-arranged trading plans like the one used by Mr. Akgonul are a standard practice to avoid accusations of trading on non-public information. The market typically analyzes these sales in the context of the overall company performance and insider sentiment.

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, insider trading, Rule 10b5-1, stock sale, PegaSystems, PEGA, Akgonul, Rifat Kerim Akgonul, Chief Product Officer