SEC Filing Analysis: PEGASYSTEMS INC (PEGA)

Executive Summary

• Trading Significance: Low
• Key Takeaway: The COO/CFO, Kenneth Stillwell, made a non-market gift of 1,908 shares to his children, a transaction with no monetary value and minimal impact on the market.
• Market Impact: Neutral. This is a personal financial planning event, not a market-driven trade.

Company Information

Field	Value
Company	PEGASYSTEMS INC
Ticker Symbol	PEGA
CIK	0001013857
Industry	SERVICES-COMPUTER PROCESSING & DATA PREPARATION

Insider Information

Field	Value
Name	STILLWELL KENNETH
CIK	0001680115
Title/Position	COO, CFO
Relationship	Officer

Transaction Details

Field	Value
Form Type	4
Transaction Date	2025-12-12
Transaction Code	G (Gift)
Security Type	Common stock
Shares Involved	1,908
Price Per Share	$0.00
Total Value	$0
Shares Owned After	128,788 (126,880 direct, 1,908 indirect)
Ownership Type	Direct Disposition, Indirect Acquisition

Financial Impact Assessment

Transaction Materiality

Metric	Value
Transaction Value	$0
% of Market Cap	0.0%
Shares Transacted	1,908
% of Shares Outstanding	0.0011%
Post-Transaction Ownership	128,788 shares (0.075% of outstanding)
Materiality Assessment	Low

Impact Evaluation

• Market Cap Context: The transaction has a value of $0 and involves a number of shares representing less than 0.01% of shares outstanding for a company with a $9.65 billion market cap. The impact is negligible.
• Ownership Concentration: The insider's total ownership remains very small at 0.075% of shares outstanding, and this transaction only shifts ownership from direct to indirect.
• Transaction Significance: The transaction is a gift, coded as 'G', which is a non-open market transfer. It holds no trading significance and is likely part of personal estate or financial planning.

Market Impact Analysis

Stock Impact Prediction

• Direction: Neutral
• Reasoning: A gift of shares is a non-market event that does not reflect an insider's sentiment on the company's future stock performance. It has no cash value and does not impact the public float.

Volume & Sentiment

• Expected Volume Impact: None. The transaction occurred off-market.
• Sentiment Indicator: Neutral. This filing does not provide any bullish or bearish signals.

Additional Context

Transaction Notes

• Special Circumstances: The filing footnote confirms this was a gift of shares to the insider's children. The transaction is reported as a disposition of direct shares and an acquisition of indirect shares.