$PEGA · PEGASYSTEMS INC
Pegasystems COO and CFO Kenneth Stillwell reported a sale of 39,627 shares at $35.77 per share, for a total of $1,417,438. The transaction was not executed under a 10b5-1 trading plan. Stillwell holds 95,225 shares after the sale.
- COO/CFO Kenneth Stillwell sold 39,627 shares at $35.77 each, totaling $1,417,438.
- The sale was not executed under a 10b5-1 trading plan.
- Stillwell retains 95,225 shares following the transaction.
- The sale price of $35.77 sits below the current after-hours price of $37.63.
PEGA fell 2.79% in the regular session to $37.63; the filing came after the close, so any insider-sale reaction is not yet priced in. The $1.42M disposal by a dual-role C-suite officer (COO/CFO) without a 10b5-1 plan may weigh on sentiment in the next session.
A discretionary sale by the dual-role COO/CFO — the executive with the broadest visibility into both operations and financials — carries more signal than a routine planned disposition.
_Not applicable._
No 10b5-1 plan means the sale was discretionary, which can signal reduced confidence from a top insider with visibility into both operations and finances.
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