PEGA - Pegasystems Inc

Insider Sale by Akgonul Rifat Kerim (Chief Product Officer)

1 Month
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Trade Summary

4 days ago, Akgonul Rifat Kerim, serving as Chief Product Officer at Pegasystems Inc (PEGA), sold 8,088 shares at $43.57 per share, for a total transaction value of $352,354.00. Following this transaction, Akgonul Rifat Kerim now holds 111,429 shares of PEGA.

This sale represents a 7.00% decrease in Akgonul Rifat Kerim's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Wednesday, March 11, 2026 and publicly disclosed via SEC Form 4 filing on Friday, March 13, 2026, 2 days after the trade was made.

Pegasystems Inc operates in the TECHNOLOGY sector, specifically within the SOFTWARE - APPLICATION industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.

Akgonul Rifat Kerim

Akgonul Rifat Kerim

Chief Product Officer

Rifat Kerim Akgonul (also known as Kerim Akgonul), age 54, is the Chief Product Officer (CPO) at Pegasystems Inc. (PEGA), a Massachusetts-based software company specializing in AI-powered automation and low-code platforms.[[1]](https://www.potomacofficersclub.com/kerim-akgonul-chief-product-officer-at-pegasystems/)[[2]](https://fintool.com/app/research/companies/PEGA/people/kerim-akgonul)[[3]](https://www.pega.com/about/leadership/kerim-akgonul) He joined Pega in 1992 as a software engineer, developing applications for financial services and insurance clients, and progressed through roles in software engineering, product management, and executive leadership, including VP of Product Management (2007), SVP of Product Management and CRM Technologies, and SVP of Engineering (2014–2021), before becoming CPO in April 2021.[[1]](https://www.potomacofficersclub.com/kerim-akgonul-chief-product-officer-at-pegasystems/)[[2]](https://fintool.com/app/research/companies/PEGA/people/kerim-akgonul)[[3]](https://www.pega.com/about/leadership/kerim-akgonul) As CPO, Akgonul leads over 1,500 engineers, product managers, designers, and architects to deliver Pega's Infinity platform products, focusing on customer engagement, service, intelligent automation, and innovations recognized by Gartner and Forrester.[[1]](https://www.potomacofficersclub.com/kerim-akgonul-chief-product-officer-at-pegasystems/)[[3]](https://www.pega.com/about/leadership/kerim-akgonul) A graduate of Indiana University of Pennsylvania with a B.S. in applied mathematics and computer science, he holds approximately 105,894 shares of PEGA stock (valued at around $5 million as of February 2026) and has engaged in recent insider trading, including net sales over the past 18 months.[[2]](https://fintool.com/app/research/companies/PEGA/people/kerim-akgonul)[[4]](https://www.gurufocus.com/insider/167490/rifat-kerim-akgonul)[[6]](https://www.quiverquant.com/insiders/1855325/Rifat-Kerim-Akgonul) Under his tenure, Pega achieved Rule of 40 status in 2024, 9% ACV growth, and record free cash flow.[[2]](https://fintool.com/app/research/companies/PEGA/people/kerim-akgonul)

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Trade Price

$43.57

Quantity

8,088

Total Value

$352,354.00

Shares Owned

111,429

Trade Date

Wednesday, March 11, 2026

4 days ago

SEC Filing Date

Friday, March 13, 2026

Filed 2 days after trade

TECHNOLOGYSOFTWARE - APPLICATION

About Pegasystems Inc

Company Overview

No company information available
View news mentioning PEGA

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