PEGASYSTEMS INC
For the period ended Sep 30, 2024. Filed Oct 23, 2024.
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Sep 30, 2024 · Filed Oct 23, 2024
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Item 5. OTHER INFORMATION
Rule 10b5-1 and non-rule 10b5-1 trading arrangements
On August 29, 2024, Kenneth Stillwell, our Chief Financial Officer and Chief Operating Officer, entered into atrading plan that provides for the sale of 18,000 shares of our common stock. The plan will terminate on August 31, 2025, subject to early termination for certain specified events set forth in the plan.
Other than as disclosed above, during the three months ended September 30, 2024, no director or officer of the Company adopted orterminated a “Rule 10b5-1 trading arrangement” or “non Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation S-K.
Share Repurchase Program
On October 22, 2024, our Board of Directors extended the expiration date of our share repurchase program from June 30, 2025 to December 31, 2025 and increased the authorized repurchase by $250 million to $310 million as of that date. Any actual repurchases under the current repurchase program will be disclosed in the Company’s annual reports on Form 10-K and quarterly reports on Form 10-Q filed with the Securities and Exchange Commission for the annual and applicable quarterly periods ending between December 31, 2024 and 2025.
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