The CFO's $1.42M open-market sale is the largest cash transaction and warrants monitoring for any subsequent filings or corporate events. The CEO's large gifts may indicate estate planning or charitable giving, not a bearish signal. Watch for any 10b5-1 plan adoption or additional insider sales in the coming weeks.
Price Chart
Executive Summary
Pegasystems' CEO made large non-cash gifts of ~10.8M shares, while the COO/CFO and Chief Product Officer sold ~$1.67M in open-market sales. The CFO's sale of $1.42M is the most significant cash transaction, but it represents only ~0.44% of the company's $326M market cap, falling within the modest range. The CEO's gifts are non-economic and do not signal a directional view on the stock.
Key Financial Metrics
Key Facts
- CEO Alan Trefler gifted a total of ~10.8M shares (non-cash, $0 value) on 2026-09-14.
- COO/CFO Kenneth Stillwell sold 39,627 shares for ~$1.42M on 2026-09-11.
- Chief Product Officer Rifat Kerim Akgonul sold 7,000 shares for ~$252K on 2026-09-11.
- SVP/Chief Accounting Officer Efstathios Kouninis sold 982 shares for ~$37K on 2026-09-16.
- Total open-market sales of ~$1.71M represent ~0.52% of the company's $326M market cap.
- No 10b5-1 plan indication for any of the sales; the CFO's sale is the largest and most notable.
Financial Impact
Total insider open-market sales of ~$1.71M, or ~0.52% of market cap. CEO gifts of ~10.8M shares are non-cash and have no direct financial impact.
Risk Factors
- Further insider selling could pressure the stock if it continues at this pace.
- CEO gifts may precede a larger share sale or derivative transaction.
- No clear catalyst identified; the cluster is modest relative to market cap.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PEGA-1789708515100 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Court Ruling | $36.42 | awaiting T+20 | — | $36.71 (+0.80%) |
Oct 21, 2026 5d 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 5w 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 32w ago | Insider Cluster | $44.66 $41.20 | ▼ −7.74% | ▼ −7.59% | $36.71 (−17.80%) |
US Market Status
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