Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2025-04-03 00:00:00 ET · period of report 2025-04-01 · accession 0000876167-25-000068 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2025-04-03 | 2025-04-01 | PRGS | Ainsworth John | EVP, GM App, Data Platform | M - OptEx | $0.00 | +3,458 | 45.2K | +8% | $0 |
| DM | 2025-04-03 | 2025-04-01 | PRGS | Ainsworth John | EVP, GM App, Data Platform | F - Tax | $56.16 | -1,535 | 43.4K | -3% | -$86.2K |
| DM | 2025-04-03 | 2025-04-01 | PRGS | Ainsworth John | EVP, GM App, Data Platform | M - OptEx | $0.00 | -3,458 | 0 | -100% | $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 | M | A | 1,124 | $0.00 | 43,885 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 2 | Common | Common Stock | 2025-04-01 | F | D | 518 | $56.16 | 44,684 | 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. |
| 3 | Common | Common Stock | 2025-04-01 | M | A | 1,167 | $0.00 | 44,553 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 4 | Common | Common Stock | 2025-04-01 | F | D | 518 | $56.16 | 44,035 | 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. |
| 5 | Common | Common Stock | 2025-04-01 | M | A | 1,167 | $0.00 | 45,202 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 6 | Common | Common Stock | 2025-04-01 | F | D | 499 | $56.16 | 43,386 | 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. |
| 7 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 1,167 | $0.00 | 4,670 | D | — · — to — | 1,167 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F7) On January 18, 2024, the Reporting Person was granted 7,004 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. |
| 8 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 1,167 | $0.00 | 2,335 | D | — · — to — | 1,167 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F6) On January 19, 2023, the Reporting Person was granted 7,003 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. |
| 9 | Derivative | Restricted Stock Units | 2025-04-01 | M | D | 1,124 | $0.00 | 0 | D | — · — to — | 1,124 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F5) On January 20, 2022, the Reporting Person was granted 6,744 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. |