Traders should monitor for potential downward pressure on the stock, especially if no offsetting buy-side catalyst emerges. The timing and concentration of sales among top executives may signal reduced confidence in near-term performance or valuation.
Price Chart
Executive Summary
Two C-suite executives at Pegasystems — the COO/CFO and Chief of Clients and Markets — sold shares in the open market, totaling $2.27 million, while several insiders also exercised stock options and had shares withheld for taxes. The open-market sales represent a material insider divestiture.
Key Financial Metrics
Key Facts
- COO/CFO Kenneth Stillwell sold 44,000 shares at $44.81, generating $1.97 million in open-market proceeds.
- Chief of Clients and Markets Leon Trefler sold 6,700 shares at $44.755, realizing $299,858 in proceeds.
- Total open-market sales by insiders: $2.27 million over two days.
- Sales represent approximately 0.03% of Pegasystems' $7.4B market cap — notable for insider activity but not extreme.
- Multiple insiders also exercised options and had shares withheld for tax purposes, which are non-cash, routine events.
Financial Impact
$2.27 million in open-market insider sales; non-cash option exercises and tax withholdings totaled $191,605
Risk Factors
- Perception of insider pessimism, especially from CFO selling large block.
- Potential for follow-on selling or negative sentiment if earnings or guidance disappoint.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CONTEXT: Insider Cluster Data (14 trades, 7d window) | cluster-PEGA-1773346068329 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 5d ago | Court Ruling | $36.42 | awaiting T+20 | — | $36.71 (+0.80%) |
Oct 21, 2026 6d ago | Court Ruling | $36.65 | awaiting T+20 | — | $36.71 (+0.16%) |
Oct 20, 2026 6d ago | 8-K | $35.18 | awaiting T+20 | — | $36.71 (−4.35%) |
Sep 17, 2026 5w ago | Insider Cluster | $35.02 $34.54 | ▼ −1.37% | ▼ −1.57% | $36.71 (+4.83%) |
Sep 15, 2026 5w ago | Insider Cluster | $36.84 $33.83 | ▼ −8.17% | ▼ −10.23% | $36.71 (−0.35%) |
Sep 15, 2026 6w ago | Insider Cluster | $36.84 $33.83 | ▲ +8.17% | ▲ +10.23% | $36.71 (+0.35%) |
Jun 8, 2026 20w ago | 8-K | $34.16 $32.21 | ▼ −5.71% | ▼ −7.15% | $36.71 (+7.46%) |
Apr 24, 2026 26w ago | DEFA14A | $36.77 $34.33 | ▼ −6.64% | ▼ −11.59% | $36.71 (−0.16%) |
Apr 21, 2026 26w ago | 8-K | $37.48 $33.50 | ▲ +10.62% | ▲ +13.78% | $36.71 (+2.05%) |
Mar 10, 2026 33w ago | Insider Cluster | $44.66 $41.20 | ▼ −7.74% | ▼ −7.59% | $36.71 (−17.80%) |
US Market Status
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