Akgonul Rifat Kerim

Akgonul Rifat Kerim, Chief Product Officer at Pegasystems, has filed 71 Form 4 transactions over the past year, all in the company’s common stock (PEGA). The pattern is overwhelmingly one-sided: he has recorded zero open-market purchases and roughly $2.86 million in open-market sales, with no acquisitions outside of equity compensation. The most recent activity, however, is largely mechanical. Between June 1 and June 7, 2026, Kerim reported a series of option exercises (code M, valued at $0) paired with automatic share withholdings to cover tax obligations (code F), totaling about $123,745 in value. These are administrative events tied to vesting, not discretionary trades. The discretionary selling occurred earlier in the spring. On March 11, 2026, Kerim sold $352,354 worth of PEGA shares, and on March 16 he sold another $329,504. Both sales were paired with large option exercises (each valued at $709,200) and corresponding tax-withholding dispositions of roughly $953,000 and $972,000, respectively. The most recent outright sale came on May 19, 2026, when he disposed of $151,576 in shares. Across the entire filing history, Kerim has not made a single open-market purchase, and his only sell-side activity is concentrated in three discretionary transactions between March and May 2026. The data shows a clear directional bias: Kerim is a seller of PEGA stock, not a buyer. His total sell value of $2.86 million dwarfs any acquisition, and the recent flurry of option exercises and tax withholdings suggests he is actively monetizing vested equity rather than accumulating additional exposure. The absence of any P-coded purchases, combined with the steady stream of F-coded dispositions, points to a consistent pattern of reducing his stake in the company.