PEGASYSTEMS INC
For the period ended Dec 31, 2025. Filed Feb 10, 2026.
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FY2025 · Filed Feb 10, 2026
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Item 9B. OTHER INFORMATION
Rule 10b5-1 and non-rule 10b5-1 trading arrangements
On November 11, 2025, Alan Trefler, our CEO, entered into a Rule 10b5-1 trading arrangement (as defined in Item 408 of Regulation S-K) that provides for the sale of 1,500,000 shares of our common stock. The arrangement will terminate on January 13, 2027, subject to early termination for certain specified events set forth in the arrangement.
Other than as disclosed above, during the three months ended December 31, 2025, 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.
Dividend Waiver Agreement
On February 6, 2026, the defendants in the consolidated shareholder derivative litigation captioned Dwyer et al. v. Trefler et al., 2484CV01734 (Mass. Super. Ct.) and Larkin et al. v. Trefler et al., No. 1:25-cv-10303-WGY (D. Mass.) executed a waiver in favor of the Company of the right of each person and certain affiliated people and entities to receive the cash dividend to be paid by the Company in connection with proposed settlement of the litigation, as described in "Note 20. Commitments and Contingencies" in Item 8 of this Annual Report. A copy of the dividend waiver agreement is filed herewith as Exhibit 10.23.
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