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sellModerate cluster of 410b5-1 plan

Alan Trefler sold $2.6M of PEGA

C.E.O. & Chairman at PEGASYSTEMS INC. 45,000 shares at an average of $58.22, traded Sep 16, 2025, filed Sep 17, 2025.

Warning score
40
Value
$2.6M
45,000 shares
Holdings after
45,069,364
-0% from before
From 52-week low
+86%
low $31.00, close $57.68
From 52-week high
-4%
high $60.02, as of Sep 16, 2025

Score components

  • Role
    Chair
    +20
  • Trade size
    $2.6M at market
    +25
  • Share of holdings sold
    Sold 0.1% of holdings
    0
  • Cluster
    4 insiders selling within 14 days
    +15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -8.7%, 3m -1.8%, 6m -26.3%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

PEGAOct 9, 2026 · close 35.65
Since filing Sep 17, 2025: -38.7%SPY +19.6% · excess -58.3%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001032235-25-000010, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Sep 15, 2025GGift
Common stockindirect: Alan N. Trefler Irrevocable Non-GST Trust of 202210b5-1
-2,071,585$0.00$01,139,421Sep 17, 2025
Sep 15, 2025GGift
Common stockindirect: The Trefler 2025 Trust10b5-1
+2,071,585$0.00$02,071,585Sep 17, 2025
Sep 16, 2025GGift
Common stockindirect: Alan N. Trefler Grantor Retained Annuity Trust I of 202310b5-1
-6,798,085$0.00$00Sep 17, 2025
Sep 16, 2025GGift
Common stockindirect: Alan N. Trefler Grantor Retained Annuity Trust II of 202310b5-1
-2,939,019$0.00$00Sep 17, 2025
Sep 16, 2025GGift
Common stockindirect: Alan N. Trefler Irrevocable Non-GST Trust of 202210b5-1
+9,737,104$0.00$010,876,525Sep 17, 2025
Sep 16, 2025SOpen-market sale
Common stock10b5-1
-42,672$58.18$2.5M45,071,692Sep 17, 2025
Sep 16, 2025SOpen-market sale
Common stock10b5-1
-2,328$58.93$137k45,069,364Sep 17, 2025

Related signals

Other insiders at PEGASYSTEMS INC and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
1Weak
PEGAsell10b5-1
PEGASYSTEMS INC
Dianne Ledingham
director
$34k
1,000 shares
-3%
46Moderate
PEGAsell 4
PEGASYSTEMS INC
Efstathios A Kouninis
SVP, Chief Accounting Officer
$37k
982 shares
-49%
16Weak
PEGAsell 410b5-1
PEGASYSTEMS INC
Dianne Ledingham
director
$38k
1,000 shares
-2%
43Moderate
PEGAsell 4
PEGASYSTEMS INC
Rifat Kerim Akgonul
Chief Product Officer
$252k
7,000 shares
-6%
72Notable
PEGAsell 4
PEGASYSTEMS INC
Kenneth Stillwell
COO, CFO
$1.4M
39,627 shares
-29%
31Weak
PEGAsell 4
PEGASYSTEMS INC
Efstathios A Kouninis
SVP, Chief Accounting Officer
$41k
1,063 shares
-48%
41Moderate
PEGAsell 3
PEGASYSTEMS INC
Efstathios A Kouninis
SVP, Chief Accounting Officer
$37k
1,012 shares
-50%
33Weak
PEGAsell 2
PEGASYSTEMS INC
Rifat Kerim Akgonul
Chief Product Officer
$102k
3,000 shares
-3%
42Moderate
PEGAsell
PEGASYSTEMS INC
Efstathios A Kouninis
SVP, Chief Accounting Officer
$56k
1,720 shares
-63%
20Weak
PEGAsell
PEGASYSTEMS INC
Efstathios A Kouninis
SVP, Chief Accounting Officer
$24k
750 shares
-24%

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Alan Trefler sold $2.6M of PEGA | InsiderTell