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sellModerate cluster of 410b5-1 plan

Alan Trefler sold $5.4M of PEGA

C.E.O. & Chairman at PEGASYSTEMS INC. 90,000 shares at an average of $60.48, traded Oct 21, 2025, filed Oct 23, 2025.

Warning score
40
Value
$5.4M
90,000 shares
Holdings after
44,934,364
-0% from before
From 52-week low
+83%
low $31.00, close $56.73
From 52-week high
-5%
high $60.02, as of Oct 21, 2025

Score components

  • Role
    Chair
    +20
  • Trade size
    $5.4M at market
    +25
  • Share of holdings sold
    Sold 0.2% 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 -17.1%, 3m -23.6%, 6m -46.2%.

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 13, 2026 · close 34.38
Since filing Oct 23, 2025: -47.3%SPY +17.1% · excess -64.4%

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 0001032235-25-000014, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Oct 21, 2025SOpen-market sale
Common stock10b5-1
-4,506$54.62$246k45,019,858Oct 23, 2025
Oct 21, 2025SOpen-market sale
Common stock10b5-1
-5,158$55.88$288k45,014,700Oct 23, 2025
Oct 21, 2025SOpen-market sale
Common stock10b5-1
-20,374$56.91$1.2M44,994,326Oct 23, 2025
Oct 21, 2025SOpen-market sale
Common stock10b5-1
-14,962$57.41$859k44,979,364Oct 23, 2025
Oct 22, 2025SOpen-market sale
Common stock10b5-1
-11,742$62.77$737k44,967,622Oct 23, 2025
Oct 22, 2025SOpen-market sale
Common stock10b5-1
-5,636$63.64$359k44,961,986Oct 23, 2025
Oct 22, 2025SOpen-market sale
Common stock10b5-1
-17,824$64.76$1.2M44,944,162Oct 23, 2025
Oct 22, 2025SOpen-market sale
Common stock10b5-1
-9,740$65.33$636k44,934,422Oct 23, 2025
Oct 22, 2025SOpen-market sale
Common stock10b5-1
-58$66.25$3,84344,934,364Oct 23, 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 $5.4M of PEGA | InsiderTell