Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2025-04-03 00:00:00 ET · period of report 2025-04-01 · accession 0000876167-25-000065 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2025-04-03 | 2025-04-01 | PRGS | LoCoco Domenic | CAO | S - Sale+OE | $57.12 | -7,185 | 5,762 | -55% | -$410.4K |
| DM | 2025-04-03 | 2025-04-01 | PRGS | LoCoco Domenic | CAO | M - OptEx | $34.95 | +9,252 | 8,590 | New | +$323.4K |
| DM | 2025-04-03 | 2025-04-01 | PRGS | LoCoco Domenic | CAO | F - Tax | $56.16 | -608 | 4,567 | -12% | -$34.1K |
| DM | 2025-04-03 | 2025-04-01 | PRGS | LoCoco Domenic | CAO | M - OptEx | $0.00 | -9,252 | 2,828 | -77% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-04-01 | S | D | 7,185 | $57.12 | 5,762 | D | — | — | (F6) This transaction was executed in multiple trades at prices ranging from $57.00 to $57.26 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price. |
| 2 | Common | Common Stock | 2025-04-01 | M | A | 2,330 | $44.49 | 12,947 | D | — | — | |
| 3 | Common | Common Stock | 2025-04-01 | M | A | 2,027 | $42.61 | 10,617 | D | — | — | |
| 4 | Common | Common Stock | 2025-04-01 | F | D | 237 | $56.16 | 5,762 | D | — | — | (F4) Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 18, 2024. |
| 5 | Common | Common Stock | 2025-04-01 | M | A | 807 | $0.00 | 5,999 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 6 | Common | Common Stock | 2025-04-01 | F | D | 260 | $56.16 | 5,192 | D | — | — | (F3) Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2023. |
| 7 | Common | Common Stock | 2025-04-01 | M | A | 885 | $0.00 | 5,452 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 8 | Common | Common Stock | 2025-04-01 | F | D | 111 | $56.16 | 4,567 | D | — | — | (F2) Represents shares of common stock withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 20, 2022. |
| 9 | Common | Common Stock | 2025-04-01 | M | A | 375 | $0.00 | 4,678 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 10 | Common | Common Stock | 2025-04-01 | M | A | 2,828 | $47.16 | 8,590 | D | — | — | |
| 11 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 885 | $0.00 | 1,771 | D | — · — to — | 885 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F8) On January 19, 2023, the Reporting Person was granted 5,311 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2023, subject to the continued employment of the Reporting Person with the Company. |
| 12 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 375 | $0.00 | 0 | D | — · — to — | 375 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F7) On January 20, 2022, the Reporting Person was granted 2,248 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2022, subject to the continued employment of the Reporting Person with the Company. |
| 13 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 807 | $0.00 | 3,228 | D | — · — to — | 807 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F9) On January 18, 2024, the Reporting Person was granted 4,842 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2024, subject to the continued employment of the Reporting Person with the Company. |
| 14 | Derivative | Employee Stock Options (Right to buy) | 2025-04-01 | M | D | 2,330 | $0.00 | 4,660 | D | $44.49 · — to 2029-01-19 | 2,330 Common Stock | (F12) Options were granted to the Reporting Person on January 20, 2022 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 4,660 shares were vested and exercisable. |
| 15 | Derivative | Employee Stock Options (Right to buy) | 2025-04-01 | M | D | 2,027 | $0.00 | 2,026 | D | $42.61 · — to 2028-01-18 | 2,027 Common Stock | (F11) Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 4,053 shares were vested and exercisable. |
| 16 | Derivative | Employee Stock Options (Right to buy) | 2025-04-01 | M | D | 2,828 | $0.00 | 2,828 | D | $47.16 · — to 2027-01-20 | 2,828 Common Stock | (F10) Options were granted to the Reporting Person on January 21, 2020 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 5,656 shares were vested and exercisable. |