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PEGA Insider Trading & Form 4 Activity

PEGASYSTEMS INC
Last filing: Oct 5, 2026·19 days ago
BEARISH · LAST 90 DAYS
0%
buyers
$0
0 buys
$1.9M
9 sells
-$1.9M
net selling
3
insiders
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ACTIVE SELLING CLUSTER

3 insiders sold a combined $1.7M of PEGA between Aug 31, 2026 and Sep 11, 2026.

Kouninis Efstathios A, Akgonul Rifat Kerim, Stillwell Kenneth

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Net flow — last 12 months

Monthly net of insider buys minus sells. Green months indicate net buying; red months indicate net selling.

Most active insiders

Ranked by total transaction value over the last 90 days.

INSIDERBOUGHTSOLDNET
Stillwell Kenneth
COO, CFO
—
$1.4M
-$1.4M
Akgonul Rifat Kerim
Chief Product Officer
—
$354K
-$354K
Kouninis Efstathios A
SVP, Chief Accounting Officer
—
$171K
-$171K
Ledingham Dianne
Insider
—
$72K
-$72K
Trefler Alan
C.E.O. & Chairman
—
—
$0
Trefler Leon
Chief of Clients and Markets
—
—
$0
Higgins John Gerard
Chief, Client &Partner Success
—
—
$0
Gyenes Peter
Insider
—
—
$0

Recent transactions

Every Form 4 transaction for PEGA, newest first.

SELL10b5-1
Ledingham Dianne · Insider
Tx Oct 1·Filed Oct 5·EDGAR ↗
1,000 sh @ $34.15
$34K
SELL
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 16·Filed Sep 17·EDGAR ↗
982 sh @ $37.35
$37K
SELL10b5-1
Ledingham Dianne · Insider
Tx Sep 15·Filed Sep 17·EDGAR ↗
1,000 sh @ $38.00
$38K
GIFT
Trefler Alan · C.E.O. & Chairman
Tx Sep 14·Filed Sep 16·EDGAR ↗
2,399,690 sh
—
GIFT
Trefler Alan · C.E.O. & Chairman
Tx Sep 14·Filed Sep 16·EDGAR ↗
5,399,303 sh
—
GIFT
Trefler Alan · C.E.O. & Chairman
Tx Sep 14·Filed Sep 16·EDGAR ↗
2,999,613 sh
—
SELL
Akgonul Rifat Kerim · Chief Product Officer
Tx Sep 11·Filed Sep 15·EDGAR ↗
7,000 sh @ $36.03
$252K
SELL
Stillwell Kenneth · COO, CFO
Tx Sep 11·Filed Sep 15·EDGAR ↗
39,627 sh @ $35.77
$1.4M
EXERCISE
Akgonul Rifat Kerim · Chief Product Officer
Tx Sep 7·Filed Sep 9·EDGAR ↗
2,280 sh
—
EXERCISE
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 7·Filed Sep 9·EDGAR ↗
2,280 sh
—
EXERCISE
Stillwell Kenneth · COO, CFO
Tx Sep 7·Filed Sep 9·EDGAR ↗
5,220 sh
—
TAX
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 7·Filed Sep 9·EDGAR ↗
82 sh @ $37.36
$3K
TAX
Trefler Leon · Chief of Clients and Markets
Tx Sep 7·Filed Sep 9·EDGAR ↗
1,046 sh @ $37.36
$39K
EXERCISE
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 7·Filed Sep 9·EDGAR ↗
334 sh
—
TAX
Akgonul Rifat Kerim · Chief Product Officer
Tx Sep 7·Filed Sep 9·EDGAR ↗
1,103 sh @ $37.36
$41K
TAX
Stillwell Kenneth · COO, CFO
Tx Sep 7·Filed Sep 9·EDGAR ↗
2,055 sh @ $37.36
$77K
EXERCISE
Trefler Leon · Chief of Clients and Markets
Tx Sep 7·Filed Sep 9·EDGAR ↗
2,658 sh
—
TAX
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 7·Filed Sep 9·EDGAR ↗
1,273 sh @ $37.36
$48K
TAX
Akgonul Rifat Kerim · Chief Product Officer
Tx Sep 5·Filed Sep 9·EDGAR ↗
1,065 sh @ $37.36
$40K
EXERCISE
Stillwell Kenneth · COO, CFO
Tx Sep 5·Filed Sep 9·EDGAR ↗
4,402 sh
—
EXERCISE
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 5·Filed Sep 9·EDGAR ↗
2,202 sh
—
TAX
Trefler Leon · Chief of Clients and Markets
Tx Sep 5·Filed Sep 9·EDGAR ↗
867 sh @ $37.36
$32K
TAX
Stillwell Kenneth · COO, CFO
Tx Sep 5·Filed Sep 9·EDGAR ↗
1,733 sh @ $37.36
$65K
EXERCISE
Akgonul Rifat Kerim · Chief Product Officer
Tx Sep 5·Filed Sep 9·EDGAR ↗
2,202 sh
—
TAX
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 5·Filed Sep 9·EDGAR ↗
1,229 sh @ $37.36
$46K
EXERCISE
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 5·Filed Sep 9·EDGAR ↗
440 sh
—
TAX
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 5·Filed Sep 9·EDGAR ↗
108 sh @ $37.36
$4K
EXERCISE
Trefler Leon · Chief of Clients and Markets
Tx Sep 5·Filed Sep 9·EDGAR ↗
2,202 sh
—
EXERCISE
Trefler Leon · Chief of Clients and Markets
Tx Sep 4·Filed Sep 9·EDGAR ↗
1,616 sh
—
EXERCISE
Akgonul Rifat Kerim · Chief Product Officer
Tx Sep 4·Filed Sep 9·EDGAR ↗
1,616 sh
—
TAX
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 4·Filed Sep 9·EDGAR ↗
79 sh @ $37.72
$3K
EXERCISE
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 4·Filed Sep 9·EDGAR ↗
1,616 sh
—
EXERCISE
Stillwell Kenneth · COO, CFO
Tx Sep 4·Filed Sep 9·EDGAR ↗
3,232 sh
—
TAX
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 4·Filed Sep 9·EDGAR ↗
902 sh @ $37.72
$34K
EXERCISE
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 4·Filed Sep 9·EDGAR ↗
322 sh
—
TAX
Akgonul Rifat Kerim · Chief Product Officer
Tx Sep 4·Filed Sep 9·EDGAR ↗
782 sh @ $37.72
$29K
TAX
Trefler Leon · Chief of Clients and Markets
Tx Sep 4·Filed Sep 9·EDGAR ↗
636 sh @ $37.72
$24K
TAX
Stillwell Kenneth · COO, CFO
Tx Sep 4·Filed Sep 9·EDGAR ↗
1,272 sh @ $37.72
$48K
SELL
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 3·Filed Sep 3·EDGAR ↗
1,063 sh @ $38.75
$41K
TAX
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 3·Filed Sep 3·EDGAR ↗
1,437 sh @ $38.75
$56K
EXERCISE
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 3·Filed Sep 3·EDGAR ↗
2,500 sh @ $16.95
$42K
EXERCISE
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 1·Filed Sep 2·EDGAR ↗
186 sh
—
TAX
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 1·Filed Sep 2·EDGAR ↗
104 sh @ $36.81
$4K
TAX
Akgonul Rifat Kerim · Chief Product Officer
Tx Sep 1·Filed Sep 2·EDGAR ↗
569 sh @ $36.81
$21K
EXERCISE
Stillwell Kenneth · COO, CFO
Tx Sep 1·Filed Sep 2·EDGAR ↗
2,350 sh
—
TAX
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 1·Filed Sep 2·EDGAR ↗
575 sh @ $36.81
$21K
TAX
Kouninis Efstathios A · SVP, Chief Accounting Officer
Tx Sep 1·Filed Sep 2·EDGAR ↗
51 sh @ $36.81
$2K
EXERCISE
Higgins John Gerard · Chief, Client &Partner Success
Tx Sep 1·Filed Sep 2·EDGAR ↗
1,030 sh
—
EXERCISE
Trefler Leon · Chief of Clients and Markets
Tx Sep 1·Filed Sep 2·EDGAR ↗
1,176 sh
—
TAX
Stillwell Kenneth · COO, CFO
Tx Sep 1·Filed Sep 2·EDGAR ↗
925 sh @ $36.81
$34K

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About PEGA insider trading data

Form 4 is the SEC filing required when an officer, director, or 10% owner of a public company buys or sells the company's stock. By law, these filings must be submitted within two business days of the trade. Tracenotes pulls every Form 4 filing for PEGA from EDGAR, parses it, and surfaces the activity on this page.

What insider buying tells you. Open-market purchases by insiders are widely studied as a meaningful signal. Unlike stock awards (which are compensation, not conviction), an executive spending their own money to buy shares of the company they run is a vote of confidence. Studies have found insider-buying clusters — three or more insiders buying within a short window — outperform the broader market over the following year.

What insider selling tells you. Selling is noisier. Many sales are pre-scheduled under SEC Rule 10b5-1 plans, which let insiders sell on a fixed schedule regardless of company news. We label these "10b5-1" so you can see them. Discretionary sales — sales not tied to a plan — are more meaningful, especially when multiple insiders sell in quick succession.

Tracenotes methodology. We scan EDGAR daily for new Form 4 filings, parse them into individual transactions, and detect clusters when three or more distinct insiders buy or sell within a 14-day window. The data on this page covers the last 12 months. For deeper analysis, Tracenotes also runs language-change detection on 10-K and 10-Q filings — that's our core product.

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Frequently asked questions

What is a Form 4 filing?

Form 4 is the SEC disclosure required when a company insider — an officer, director, or 10% owner — buys or sells the company's stock. By law these filings must be submitted within two business days of the trade.

Is insider buying PEGA always bullish?

Open-market purchases by insiders are widely viewed as a bullish signal because executives are spending their own money. Stock awards and option exercises are part of compensation and don't carry the same weight, which is why we treat them separately on this page.

What is a 10b5-1 trade?

A trade made under SEC Rule 10b5-1, which lets insiders pre-schedule sales weeks or months in advance. These sales execute on a fixed plan regardless of company news, so they're a weaker signal than discretionary sales. We label them with a "10b5-1" tag.

What is an insider cluster?

A cluster is when three or more distinct insiders buy or sell within a 14-day window. Clusters are studied as stronger signals than single trades because multiple people independently reach the same view. We surface active clusters on PEGASYSTEMS INC (PEGA) when they form.

Where does PEGA insider trading data come from?

Every Form 4 filing for PEGA is sourced directly from SEC EDGAR. Tracenotes scans EDGAR daily, parses each Form 4 into individual transactions, and updates this page within hours of new filings.

Nothing on this page constitutes investment advice. Form 4 data is sourced from SEC EDGAR and provided for research purposes only.

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