The CFO/COO selling $1.42M in a single day is the most significant signal — C-suite open-market sales of this size without a plan are rare and historically bearish. Watch for any subsequent 8-K or earnings pre-announcement that could explain the timing.
Price Chart
Executive Summary
Two senior executives at Pegasystems sold a combined $1.67M in shares on the same day, with the CFO/COO alone selling $1.42M. The sales are open-market (code S) and not indicated as plan-driven, representing roughly 0.5% of market cap — a modest but notable insider cluster.
Key Financial Metrics
Key Facts
- CFO/COO Kenneth Stillwell sold 39,600 shares for $1.42M on 2026-09-11
- Chief Product Officer Rifat Kerim Akgonul sold 7,000 shares for $252K on 2026-09-11
- Total insider sales of $1.67M represent approximately 0.5% of PEGA's market cap
- Both sales were open-market (code S) with no 10b5-1 plan indication
- Sales occurred on the same day, suggesting coordinated or opportunistic timing
Financial Impact
Insider sales of $1.67M, approximately 0.5% of market cap
Risk Factors
- Sales could be pre-planned under a 10b5-1 arrangement not disclosed in the filing
- Insider sales are generally weaker signals than insider buys; cluster sales are often liquidity-driven
- The company may have no material adverse news, and the sales could be routine portfolio diversification
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PEGA-1789595080844 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 6d ago | Court Ruling | $36.42 | awaiting T+20 | — | $35.32 (−3.02%) |
Oct 21, 2026 7d ago | Court Ruling | $36.65 | awaiting T+20 | — | $35.32 (−3.63%) |
Oct 20, 2026 7d ago | 8-K | $35.18 | awaiting T+20 | — | $35.32 (−0.40%) |
Sep 17, 2026 5w ago | Insider Cluster | $35.02 $34.54 | ▼ −1.37% | ▼ −1.57% | $35.32 (+0.86%) |
Sep 15, 2026 6w ago | Insider Cluster | $36.84 $33.83 | ▼ −8.17% | ▼ −10.23% | $35.32 (−4.13%) |
Sep 15, 2026 6w ago | Insider Cluster | $36.84 $33.83 | ▲ +8.17% | ▲ +10.23% | $35.32 (+4.13%) |
Jun 8, 2026 20w ago | 8-K | $34.16 $32.21 | ▼ −5.71% | ▼ −7.15% | $35.32 (+3.40%) |
Apr 24, 2026 26w ago | DEFA14A | $36.77 $34.33 | ▼ −6.64% | ▼ −11.59% | $35.32 (−3.94%) |
Apr 21, 2026 27w ago | 8-K | $37.48 $33.50 | ▲ +10.62% | ▲ +13.78% | $35.32 (+5.76%) |
Mar 10, 2026 33w ago | Insider Cluster | $44.66 $41.20 | ▼ −7.74% | ▼ −7.59% | $35.32 (−20.91%) |
US Market Status
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