FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
TREFLER ALAN
  2. Issuer Name and Ticker or Trading Symbol
PEGASYSTEMS INC [PEGA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
C.E.O. & Chairman
(Last)
(First)
(Middle)
C/O PEGASYSTEMS INC. ONE MAIN STREET		 3. Date of Earliest Transaction (Month/Day/Year)
09/12/2024
(Street)

CAMBRIDGE, MA 02142		 4. If Amendment, Date Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common stock               5,067,271 (1) I Alan N. Trefler Grantor Retained Annuity Trust I of 2023
Common stock               2,190,736 (2) I Alan N. Trefler Grantor Retained Annuity Trust II of 2023
Common stock               7,500,000 (3) I Alan N. Trefler Grantor Retained Annuity Trust I of 2024
Common stock               6,000,000 (4) I Alan N. Trefler Grantor Retained Annuity Trust II of 2024
Common stock               17,364,022 (5) D  
Common stock 09/12/2024   G   1,605,503 D $ 0 0 (6) I Alan N. Trefler Grantor Retained Annuity Trust I of 2022
Common stock 09/12/2024   G   1,605,503 A $ 0 1,605,503 (7) I Alan N. Trefler Irrevocable Non-GST Trust of 2022

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5) 		6. Date Exercisable and Expiration Date
(Month/Day/Year) 		7. Title and Amount of Underlying Securities
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TREFLER ALAN
C/O PEGASYSTEMS INC. ONE MAIN STREET
CAMBRIDGE, MA 02142		   X   X   C.E.O. & Chairman  

Signatures

 /s/ Ewelina Kemp, Attorney-in-Fact for Alan Trefler   09/16/2024
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust I of 2023.
(2) Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust II of 2023.
(3) Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust I of 2024.
(4) Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust II of 2024.
(5) Does not include shares of common stock subject to unvested restricted stock units and/or options awards. Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust I of 2022, the Alan N. Trefler Grantor Retained Annuity Trust I of 2023, the Alan N. Trefler Grantor Retained Annuity Trust II of 2023, the Alan N. Trefler Grantor Retained Annuity Trust I of 2024, and the Alan N. Trefler Grantor Retained Annuity Trust II of 2024.
(6) Reflects exempt transfers between the reporting person and the Alan N. Trefler Grantor Retained Annuity Trust I of 2022.
(7) Reflects transfer of shares from the Alan N. Trefler Grantor Retained Annuity Trust I of 2022.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.