<SEC-DOCUMENT>0001013857-24-000281.txt : 20241212
<SEC-HEADER>0001013857-24-000281.hdr.sgml : 20241212
<ACCEPTANCE-DATETIME>20241212170456
ACCESSION NUMBER:		0001013857-24-000281
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20241210
FILED AS OF DATE:		20241212
DATE AS OF CHANGE:		20241212

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			STILLWELL KENNETH
		CENTRAL INDEX KEY:			0001680115
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11859
		FILM NUMBER:		241545783

	MAIL ADDRESS:	
		STREET 1:		ONE ROGERS STREET
		CITY:			CAMBRDIGE
		STATE:			MA
		ZIP:			02142

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PEGASYSTEMS INC
		CENTRAL INDEX KEY:			0001013857
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		ORGANIZATION NAME:           	06 Technology
		IRS NUMBER:				042787865
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		ONE MAIN STREET
		CITY:			CAMBRIDGE
		STATE:			MA
		ZIP:			02142-1531
		BUSINESS PHONE:		6173749600

	MAIL ADDRESS:	
		STREET 1:		ONE MAIN STREET
		CITY:			CAMBRIDGE
		STATE:			MA
		ZIP:			02142-1531
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>wk-form4_1734041090.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2024-12-10</periodOfReport>

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    <issuer>
        <issuerCik>0001013857</issuerCik>
        <issuerName>PEGASYSTEMS INC</issuerName>
        <issuerTradingSymbol>PEGA</issuerTradingSymbol>
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            <rptOwnerCik>0001680115</rptOwnerCik>
            <rptOwnerName>STILLWELL KENNETH</rptOwnerName>
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        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O PEGASYSTEMS INC.</rptOwnerStreet1>
            <rptOwnerStreet2>ONE MAIN STREET</rptOwnerStreet2>
            <rptOwnerCity>CAMBRIDGE</rptOwnerCity>
            <rptOwnerState>MA</rptOwnerState>
            <rptOwnerZipCode>02142</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>COO, CFO</officerTitle>
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                    <value>10442</value>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
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                    <value>10000</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>F</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>6969</value>
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                <transactionPricePerShare>
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                    <value>D</value>
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                    <value>94.68</value>
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                <value>Stock Options</value>
            </securityTitle>
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            </conversionOrExercisePrice>
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                <value>2024-12-10</value>
            </transactionDate>
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                    <value>10442</value>
                    <footnoteId id="F5"/>
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                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <value>2024-03-07</value>
            </exerciseDate>
            <expirationDate>
                <value>2033-03-07</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10442</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
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                    <value>0</value>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        <derivativeTransaction>
            <securityTitle>
                <value>Stock Options</value>
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                <value>47.27</value>
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                <value>2024-12-10</value>
            </transactionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>M</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>10000</value>
                    <footnoteId id="F6"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <value>2024-03-07</value>
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            <expirationDate>
                <value>2033-03-07</value>
            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Common stock</value>
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                    <value>10000</value>
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                    <value>0</value>
                </sharesOwnedFollowingTransaction>
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    <footnotes>
        <footnote id="F1">Represents the exercise price of the stock options referenced in Table II and Mr. Stillwell's tax liability, which were paid by way of the Company withholding shares of equal value.</footnote>
        <footnote id="F2">Represents the weighted average of sale prices, ranging from $94.67 to $94.70. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F3">Represents the weighted average of sale prices, ranging from $94.50 to $94.70. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.</footnote>
        <footnote id="F4">Does not include shares of common stock subject to unvested restricted stock units and/or options awards.</footnote>
        <footnote id="F5">On March 7, 2023, the reporting person was granted an option to purchase 41,768 shares of common stock. The option vests in two instalments, with up to 25% to vest on the first anniversary of the date of grant based on the Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2023, and with up to 75% to vest on the second anniversary of the date of grant based on Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2024. The performance criteria for the fiscal year ended December 31, 2023 were met in full, resulting in vesting of the option as to 10,442 shares.</footnote>
        <footnote id="F6">On March 7, 2023, the reporting person was granted an option to purchase 40,000 shares of common stock. The option vests in two installments, with up to 25% to vest on the first anniversary of the date of grant based on the Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2023, and with up to 75% to vest on the second anniversary of the date of grant based on Pegasystems' satisfaction of certain performance criteria for the fiscal year ended December 31, 2024. The performance criteria for the fiscal year ended December 31, 2023 were met in full, resulting in vesting of the option as to 10,000 shares.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>/s/ Ewelina Kemp, Attorney-in-Fact for Kenneth Stillwell</signatureName>
        <signatureDate>2024-12-12</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
