# EDGAR Filing Document

**Accession Number:** 0001915414
**File Stem:** 0001013857-23-000029
**Filing Date:** 2023-3
**Character Count:** 8419
**Document Hash:** 7983b2e6cc0eb0cdab263f8c5bfa06f1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001013857-23-000029.hdr.sgml**: 20230303

**ACCESSION NUMBER**: 0001013857-23-000029

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230301

**FILED AS OF DATE**: 20230303

**DATE AS OF CHANGE**: 20230303

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Higgins John Gerard
- **CENTRAL INDEX KEY:** 0001915414

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-11859
- **FILM NUMBER:** 23706458

**MAIL ADDRESS:**
- **STREET 1:** C/O PEGASYSTEMS INC.
- **STREET 2:** 1 MAIN STREET
- **CITY:** CAMBRIDGE
- **STATE:** MA
- **ZIP:** 02142
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PEGASYSTEMS INC
- **CENTRAL INDEX KEY:** 0001013857
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
- **IRS NUMBER:** 042787865
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MAIN STREET
- **CITY:** CAMBRIDGE
- **STATE:** MA
- **ZIP:** 02142-1531
- **BUSINESS PHONE:** 6173749600

**MAIL ADDRESS:**
- **STREET 1:** ONE MAIN STREET
- **CITY:** CAMBRIDGE
- **STATE:** MA
- **ZIP:** 02142-1531

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Higgins John Gerard<br><sub>(Last) (First) (Middle)</sub><br>C/O PEGASYSTEMS INC. ONE MAIN STREET<br><sub>(Street)</sub><br>CAMBRIDGE, MA 02142<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-01 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief, Client &Partner Success_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>PEGASYSTEMS INC [ PEGA ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common stock | 2023-03-01 |  | M |  | 2057<sup>(1)</sup> | A | $0 | 4355 | D |  |
| Common stock | 2023-03-01 |  | F |  | 1148 | D | $46.38 | 3207 | D |  |
| Common stock | 2023-03-01 |  | M |  | 1294<sup>(2)</sup> | A | $0 | 4501 | D |  |
| Common stock | 2023-03-01 |  | F |  | 723 | D | $46.38 | 3778 | D |  |
| Common stock | 2023-03-01 |  | M |  | 460<sup>(3)</sup> | A | $0 | 4238 | D |  |
| Common stock | 2023-03-01 |  | F |  | 257 | D | $46.38 | 3981 | D |  |
| Common stock | 2023-03-01 |  | M |  | 92<sup>(4)</sup> | A | $0 | 4073 | D |  |
| Common stock | 2023-03-01 |  | F |  | 52 | D | $46.38 | 4021 | D |  |
| Common stock | 2023-03-01 |  | M |  | 369<sup>(5)</sup> | A | $0 | 4390 | D |  |
| Common stock | 2023-03-01 |  | F |  | 206 | D | $46.38 | 4184<sup>(6)</sup> | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Restricted Stock Units<sup>(7)</sup> | $0.0 | 2023-03-01 |  | M |  |  | 2057<sup>(1)</sup> | 2023-03-01 | <sup>(8)</sup> | Common stock | 2057.0 | $0 | 8228 | D |  |
| Restricted Stock Units<sup>(7)</sup> | $0.0 | 2023-03-01 |  | M |  |  | 1294<sup>(2)</sup> | 2023-03-01 | <sup>(8)</sup> | Common stock | 1294.0 | $0 | 0 | D |  |
| Restricted Stock Units<sup>(7)</sup> | $0.0 | 2023-03-01 |  | M |  |  | 460<sup>(3)</sup> | 2021-06-01 | <sup>(8)</sup> | Common stock | 460.0 | $0 | 5520 | D |  |
| Restricted Stock Units<sup>(7)</sup> | $0.0 | 2023-03-01 |  | M |  |  | 92<sup>(4)</sup> | 2022-03-01 | <sup>(8)</sup> | Common stock | 92.0 | $0 | 1105 | D |  |
| Restricted Stock Units<sup>(7)</sup> | $0.0 | 2023-03-01 |  | M |  |  | 369<sup>(5)</sup> | 2023-03-01 | <sup>(8)</sup> | Common stock | 369.0 | $0 | 1475 | D |  |

---

### Footnotes:

(1) Represents a 20% vesting on March 1, 2023. The original grant was 10,285 restricted stock units, with the remaining 80% will vest in 5% equal quarterly installments over the remaining four years.

(2) Represents 100% vesting on March 1, 2023. The original grant was 1,294 restricted stock units, which were granted on March 1, 2022. As part of the Company's 2022 Corporate Incentive Compensation Plan (CICP), Mr. Higgins elected to receive half of his annual bonus in RSUs.

(3) Represents a 5% vesting on March 1, 2023. The original grant was 9,207 restricted stock units with 5% vesting on June 1, 2021, with the remaining 95% vesting in 5% quarterly installments.

(4) Represents a 5% vesting on March 1, 2023. The original grant was 1,842 restricted stock units with 20% vesting on March 1, 2022 with the remaining 80% vesting in 5% equal quarterly installments over the remaining four years.

(5) Represents a 20% vesting on March 1, 2023. The original grant was 1,844 restricted stock units, with the remaining 80% will vest in 5% equal quarterly installments over the remaining four years.

(6) Does not include shares of common stock subject to unvested restricted stock units and/or options awards.

(7) Each restricted stock unit represents the right to receive, following vesting, one share of the issuer's common stock.

(8) Once vested, the shares of common stock are not subject to expiration.

**Signature:** s/ Jenna L. Burstyn, Attorney-in-Fact for John Gerard Higgins  
**Date:** 2023-03-03

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**