Form 4: Pegasystems VP of Finance & CAO, Efstathios Kouninis, Reports Sale of Common Stock

Efstathios A. Kouninis, VP of Finance & CAO at Pegasystems, reported the sale of 303 shares of common stock on October 25, 2024.

Summary

• On October 29, 2024, a Form 4 filing was submitted to the SEC, reporting a change in beneficial ownership of Pegasystems Inc. [PEGA] stock by Efstathios A. Kouninis, VP of Finance & CAO.
• The transaction involved the sale of 303 shares of common stock at a price of $81 per share on October 25, 2024.
• Following the reported transaction, the number of shares of common stock beneficially owned by Kouninis was adjusted to zero.
• The filing also includes a Power of Attorney, granting Matthew J. Cushing, Theresa R. Boni, and Ewelina Kemp the authority to execute Forms 3, 4, and 5 on behalf of Efstathios A. Kouninis.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to the market regarding the actions of company executives.

Stakeholder Impact

• The sale of shares by a company executive could be perceived negatively by some shareholders, but it is a relatively small transaction and may not have a significant impact.

Key Dates