Pegasystems Inc. announced that on February 14, 2022, Hayden Stafford, President of Global Client Engagement, informed the Company that he has accepted an executive role at a Pre-IPO technology company. His resignation will be effective in early March 2022. Mr. Stafford's resignation is not the result of any disagreements with the Company on any matter relating to the Company's operations, policies, or practices.

In connection with the resignation of Mr. Stafford, the Company has appointed Leon Trefler as the Company's Chief of Clients and Markets, effective February 16, 2022. Leon Trefler joined the Company in April 1998 and has held senior management positions in the Company's go to market leadership, most recently serving as the company's Chief of Client Experience.