PEGASYSTEMS INC
For the period ended Jun 30, 2025. Filed Jul 22, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Jul 22, 2025
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Item 1A. RISK FACTORS
We encourage you to carefully consider the risk factors identified in Item 1A. “Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2024, filed with the U.S. Securities and Exchange Commission. These risk factors could materially affect our business, financial condition, and future results and may cause our actual business and financial results to differ materially from those contained in forward-looking statements made in this Quarterly Report on Form 10-Q or elsewhere by management.
Issuer purchases of equity securities(1)
Common stock repurchased in the three months ended June 30, 2025:
| (in thousands, except per share amounts) | Total Number of Shares Purchased (2) (3) | Average Price Paid per Share (2)(3) | Total Number of Shares Purchased as Part ofPublicly Announced Share Repurchase Program (3) | Approximate Dollar Value of Shares That May Yet Be Purchased at PeriodEnd Under Publicly AnnouncedShare Repurchased Programs (4) |
|---|---|---|---|---|
| April 1, 2025 - April 30, 2025 | 1,812 | $36.48 | 1,725 | $559,574 |
| May 1, 2025 - May 31, 2025 | 722 | $48.00 | 673 | $527,252 |
| June 1, 2025 - June 30, 2025 | 823 | $50.69 | 749 | $489,254 |
| 3,357 | $42.44 | 3,147 |
(1) For additional information, see "Liquidity and Capital Resources" in Part I, Item 2 of this Quarterly Report.
(2)Includes shares withheld to cover the option exercise price and tax withholding obligations for stock compensation awards subject to net settlement provisions.
(3)All share and per share amounts have been recast to reflect the effect of the Company’s Stock Split on June 20, 2025.
(4) On April 22, 2025, the Company’s Board of Directors extended the expiration date of the share repurchase program from December 31, 2025 to June 30, 2026 and increased the authorized repurchase amount by $500 million.
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