Form 4: Richard H. Jones Reports Changes in Beneficial Ownership of Pegasystems Inc. Shares

Director Richard H. Jones reports a transfer of Pegasystems Inc. shares via gift, with no change in total beneficial ownership.

Summary

• Richard H. Jones, a director of Pegasystems Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• The report indicates a gift of 336 shares of common stock.
• The transaction was exempted by Rule 16a-13 under the Securities Exchange Act of 1934.
• Following the reported transaction, Jones directly owns 21,869 shares.
• Jones also indirectly owns 85,584 shares through the Patricia Jones Cornerstone Trust, 14,339 shares through the Patricia Jones Revocable Trust, and 407,058 shares through the Richard H. Jones Revocable Trust.
• Additionally, Jones indirectly owns shares through the Richard H. Jones, Sr. 2022-A Grantor Retained Annuity Trust.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, reporting a standard transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The transaction itself is unlikely to have a significant impact on stakeholders, as it is a transfer of shares and does not represent a change in the company's fundamentals.

Key Dates