Insider sale at Pegasystems (NASDAQ: PEGA) under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pegasystems Inc. executive Kenneth Stillwell, the company’s COO and CFO, reported an open-market sale of 1,000 shares of common stock at $43.17 per share. The sale was made pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by Mr. Stillwell. After the transaction, he directly holds 108,532 common shares. A separate entry shows 1,908 shares held indirectly for his children, which reflects ongoing indirect ownership rather than a new trade.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,000 shares ($43,170)
Net Sell
2 txns
Insider
STILLWELL KENNETH
Role
COO, CFO
Sold
1,000 shs ($43K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common stock | 1,000 | $43.17 | $43K |
| holding | Common stock | -- | -- | -- |
Holdings After Transaction:
Common stock — 108,532 shares (Direct);
Common stock — 1,908 shares (Indirect, Reporting Person's children)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,000 shares
Sale price: $43.17 per share
Direct holdings after sale: 108,532 shares
+2 more
5 metrics
Shares sold
1,000 shares
Open-market sale of Pegasystems common stock
Sale price
$43.17 per share
Price for 1,000 Pegasystems shares sold
Direct holdings after sale
108,532 shares
Common stock held directly by Kenneth Stillwell
Indirect family holdings
1,908 shares
Common stock held for reporting person’s children
Trading plan adoption date
August 12, 2025
Date Rule 10b5-1 plan was adopted
Key Terms
Rule 10b5-1, pre-arranged trading plan, open-market sale, Common stock
4 terms
Rule 10b5-1 regulatory
"under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
pre-arranged trading plan financial
"Sold pursuant to a pre-arranged trading plan adopted by Mr. Stillwell"
A pre-arranged trading plan is a set of instructions created in advance that specifies how and when an investor will buy or sell securities. It helps ensure that trades are made in a planned, transparent way, reducing the risk of making impulsive decisions or trading based on inside information. This plan provides a clear structure, giving investors confidence that their trades follow their original intentions, even if market conditions change.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common stock financial
""security_title": "Common stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Pegasystems (PEGA) report for Kenneth Stillwell?
Pegasystems reported that COO and CFO Kenneth Stillwell sold 1,000 shares of common stock. The shares were sold in an open-market transaction at $43.17 per share, under a pre-arranged Rule 10b5-1 trading plan adopted earlier.
Was the Pegasystems (PEGA) insider sale made under a Rule 10b5-1 plan?
Yes. The filing notes the 1,000-share sale was executed pursuant to a pre-arranged trading plan adopted by Kenneth Stillwell on August 12, 2025 under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
Does the Form 4 show any Pegasystems (PEGA) derivative transactions for Kenneth Stillwell?
No derivative transactions are shown in this Form 4. The derivative summary is empty, indicating no option exercises or other derivative-related trades were reported alongside the 1,000-share common stock sale.