---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-298446"
form_type: "8-K"
ticker: "PEGA"
cik: "0001013857"
company_name: "PEGASYSTEMS INC"
filed_at: "2022-12-05T23:59:59+00:00"
generated_at: "2026-06-21T09:23:08.701622+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pegasystems updates on Appian litigation; $2.1B damages award now in appeal

## Summary
- Pega says $2.1B damages award is not payable until appeal resolved; no impact on product or sales.
- Appeal grounds: jury not shown key evidence, damages instruction error, alleged secrets were public.
- Ex-Pega exec John Petronio, who led consultant engagement, now heads competitive intelligence at Appian.
- Appeals process may take years; Pega states it remains financially strong with no business restrictions.
- Appian used Virginia Computer Crimes Act claim; jury awarded $1 on that count.

## SEC filing metadata
- accession: 0001193125-22-298446
- form_type: 8-K
- ticker: PEGA
- cik: 0001013857
- company_name: PEGASYSTEMS INC
- filed_at: 2022-12-05T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1013857/000119312522298446/0001193125-22-298446-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1013857/000119312522298446/d432121d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-298446
- JSON: https://secwatch.observer/filing/0001193125-22-298446.json
- Plain text: https://secwatch.observer/filing/0001193125-22-298446.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.