<SEC-DOCUMENT>0001032235-25-000004.txt : 20250801
<SEC-HEADER>0001032235-25-000004.hdr.sgml : 20250801
<ACCEPTANCE-DATETIME>20250801170559
ACCESSION NUMBER:		0001032235-25-000004
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250801
DATE AS OF CHANGE:		20250801

SUBJECT COMPANY:	

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

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-49173
		FILM NUMBER:		251177012

	BUSINESS ADDRESS:	
		STREET 1:		225 WYMAN STREET
		STREET 2:		STE 300
		CITY:			WALTHAM
		STATE:			MA
		ZIP:			02451-1293
		BUSINESS PHONE:		6173749600

	MAIL ADDRESS:	
		STREET 1:		225 WYMAN STREET
		STREET 2:		STE 300
		CITY:			WALTHAM
		STATE:			MA
		ZIP:			02451-1293

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TREFLER ALAN
		CENTRAL INDEX KEY:			0001032235
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	MAIL ADDRESS:	
		STREET 1:		225 WYMAN STREET
		STREET 2:		STE 300
		CITY:			WALTHAM
		STATE:			MA
		ZIP:			02451
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
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  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001032235</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
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  <formData>
    <coverPageHeader>
      <amendmentNo>25</amendmentNo>
      <securitiesClassTitle>Common Stock, $.01 par value per share (the "Common Stock"), of Pegasystems Inc.</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>06/30/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001013857</issuerCik>
        <issuerName>Pegasystems Inc.</issuerName>
        <issuerCusip>705573103</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>225 Wyman Street</com:street1>
          <com:street2>Ste 300</com:street2>
          <com:city>Waltham</com:city>
          <com:stateOrCountry>MA</com:stateOrCountry>
          <com:zipCode>02451</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(d)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>TREFLER ALAN</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>76196950.00</soleVotingPower>
        <sharedVotingPower>3295006.00</sharedVotingPower>
        <soleDispositivePower>76196950.00</soleDispositivePower>
        <sharedDispositivePower>3295006.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>79491956.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>46.0</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>Sole voting and sole dispositive power consists of (1) 33,096,692 shares of Common Stock held by Mr. Trefler, individually; (2) 10,134,542 shares held by the Alan N. Trefler Grantor Retained Annuity Trust I of 2023, of which Mr. Trefler is the sole trustee; (3) 4,381,472 shares held by the Alan N. Trefler Grantor Retained Annuity Trust II of 2023, of which Mr. Trefler is the sole trustee; (4) 15,000,000 shares held by the Alan N. Trefler Grantor Retained Annuity Trust I of 2024, of which Mr. Trefler is the sole trustee; (5) 12,000,000 shares held by the Alan N. Trefler Grantor Retained Annuity Trust II of 2024, of which Mr. Trefler is the sole trustee; and (6) 1,584,244 shares which Mr. Trefler has the right to acquire within 60 days of March 31, 2025.

Shared voting and shared dispositive power consists of (1) 3,211,006 shares held by the Alan N. Trefler Irrevocable Non-GST Trust of 2022, of which Daniel Sherman and Pamela Trefler are the trustees and of which Mr. Trefler has ability to appoint and remove trustees; and (2) 84,000 shares held by the Trefler Foundation, of which Mr. Trefler is a trustee and shares voting and dispositive power over these shares, but has no pecuniary interest in these shares.

Aggregate amount beneficially owned by the reporting person consists of (1) 33,096,692, shares of Common Stock held by Mr. Trefler, individually; (2) 10,134,542 shares held by the Alan N. Trefler Grantor Retained Annuity Trust I of 2023, of which Mr. Trefler is the sole trustee; (3) 4,381,472 shares held by the Alan N. Trefler Grantor Retained Annuity Trust II of 2023, of which Mr. Trefler is the sole trustee; (4) 15,000,000 shares held by the Alan N. Trefler Grantor Retained Annuity Trust I of 2024, of which Mr. Trefler is the sole trustee; (5) 12,000,000 shares held by the Alan N. Trefler Grantor Retained Annuity Trust II of 2024, of which Mr. Trefler is the sole trustee; (6) 1,584,244 shares which Mr. Trefler has the right to acquire within 60 days of March 31, 2025; (7) 3,211,006 shares held by the Alan N. Trefler Irrevocable Non-GST Trust of 2022, of which Daniel Sherman and Pamela Trefler are the trustees and of which Mr. Trefler has ability to appoint and remove trustees; and (8) 84,000 shares held by the Trefler Foundation, of which Mr. Trefler is a trustee and shares voting and dispositive power over these shares, but has no pecuniary interest in these shares.

The percent of class represented by amount in row (9) was based on 171,102,015 shares of common stock outstanding as of June 30, 2025 plus the 1,584,244 shares which Mr. Trefler has the right to acquire within 60 days of June 30, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Pegasystems Inc.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>225 Wyman Street, Ste 300,  Waltham, MA, 02451</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Alan Trefler</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>c/o Pegasystems Inc., 225 Wyman Street, Ste 300, Waltham, MA 02451</principalBusinessOfficeOrResidenceAddress>
        <citizenship>United States</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>An aggregate of 79,491,956 shares of Common Stock, consisting of (1) 33,096,692 shares of Common Stock held by Mr. Trefler, individually; (2) 10,134,542 shares held by the Alan N. Trefler Grantor Retained Annuity Trust I of 2023, of which Mr. Trefler is the sole trustee; (3) 4,381,472 shares held by the Alan N. Trefler Grantor Retained Annuity Trust II of 2023, of which Mr. Trefler is the sole trustee; (4) 15,000,000 shares held by the Alan N. Trefler Grantor Retained Annuity Trust I of 2024, of which Mr. Trefler is the sole trustee; (5) 12,000,000 shares held by the Alan N. Trefler Grantor Retained Annuity Trust II of 2024, of which Mr. Trefler is the sole trustee; (6) 1,584,244 shares which Mr. Trefler has the right to acquire within 60 days of June 30, 2025; (7) 3,211,006 shares held by the Alan N. Trefler Irrevocable Non-GST Trust of 2022, of which Daniel Sherman and Pamela Trefler are the trustees and of which Mr. Trefler has ability to appoint and remove trustees; and (8) 84,000 shares held by the Trefler Foundation, of which Mr. Trefler is a trustee and shares voting and dispositive power over these shares, but has no pecuniary interest in these shares. All share information disclosed in this Schedule 13G reflect the two-for-one forward stock split of Common Stock effected on June 20, 2025.</amountBeneficiallyOwned>
        <classPercent>46% of the outstanding shares of Common Stock. The foregoing percentage was calculated based on the 171,102,015 shares of Common Stock disclosed by the Issuer as outstanding as of June 30, 2025, and 1,584,244 shares, which Mr. Trefler has the right to acquire within sixty days of June 30, 2025.</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>Sole power to vote or to direct the vote of 76,196,950 shares.</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>Shared power to vote or to direct the vote of 3,295,006 shares.</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>Sole power to dispose or to direct the disposition of 76,196,950 shares.</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>Shared power to dispose or to direct the disposition of 3,295,006 shares.</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
        <classOwnership5PercentOrLess>N</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>Y</notApplicableFlag>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>TREFLER ALAN</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Alan Trefler</signature>
        <title>Alan Trefler</title>
        <date>08/01/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
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</SEC-DOCUMENT>
