PEGA PEGASYSTEMS INC
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Executive Summary
Pegasystems CPO Rifat Kerim executed a series of derivative exercises and open-market sales over two days, generating $1.39 million in proceeds from the sale of 15,682 shares. The majority of share dispositions were due to tax withholding and option exercises, not open-market selling.
Key Financial Metrics
Actionable Insight
Monitor for follow-up selling by other insiders; assess whether this is routine post-vesting exercise or early signal of reduced confidence. No material financial impact expected.
Key Facts
- CPO Rifat Kerim sold 15,682 shares in open-market transactions on March 11 and March 16, generating $681,857 in proceeds.
- Total value of open-market sales in the cluster: $681,857 (approx. 0.0095% of $7.2B market cap).
- Kerim exercised options for 120,000 shares across four transactions, with cashless exercises totaling 60,000 shares at $0 exercise price.
- Tax withholding accounted for surrender of 44,318 shares valued at $1.92 million, a non-cash event.
- All activity was conducted by a single insider (C-suite executive), with no board or other executive participation.
Financial Impact
$681,857 in net open-market selling by CPO; $1.92M in tax-related share surrender; $1.42M in option exercise value.
Risk Factors
- Perception of insider selling could weigh on sentiment if misinterpreted.
- Dilution from 120,000 newly exercised shares, though immaterial at current scale.
Market Snapshot
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (8 trades, 7d window) | cluster-PEGA-1773777749362 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Apr 24, 2026
26d ago
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DEFA14A
| $36.77 $36.79 | ▲ +0.05% | ▼ −0.35% | $34.37 (−6.53%) |
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Apr 21, 2026
29d ago
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8-K
| $37.48 $35.31 | ▲ +5.79% | ▲ +5.84% | $34.37 (+8.30%) |
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Mar 10, 2026
10w ago
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Insider Cluster
| $44.66 $42.45 | ▼ −4.95% | ▼ −4.04% | $34.37 (−23.04%) |
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Mar 10, 2026
10w ago
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Insider Cluster
| $44.66 $42.45 | ▼ −4.95% | ▼ −4.04% | $34.37 (−23.04%) |
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Mar 10, 2026
10w ago
|
Insider Cluster
| $44.66 $42.45 | ▼ −4.95% | ▼ −4.04% | $34.37 (−23.04%) |
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Mar 10, 2026
10w ago
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Insider Cluster
| $44.66 $42.45 | ▲ +4.95% | ▲ +4.04% | $34.37 (+23.04%) |
US Market Status
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