Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2025-05-09 00:00:00 ET · period of report 2025-05-07 · accession 0000876167-25-000075 · 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 | 2025-05-09 | 2025-05-07 | PRGS | Gupta Yogesh K | CEO, Dir | F - Tax | $60.94 | -78.0K | 230.3K | -25% | -$4.75M |
| D | 2025-05-09 | 2025-05-07 | PRGS | Gupta Yogesh K | CEO, Dir | M - OptEx | $34.73 | +100.3K | 308.3K | +48% | +$3.48M |
| D | 2025-05-09 | 2025-05-07 | PRGS | Gupta Yogesh K | CEO, Dir | M - OptEx | $0.00 | -100.3K | 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 | 2025-05-07 | F | D | 78,000 | $60.94 | 230,296 | D | — | — | (F2) Represents a net exercise of outstanding stock options. The Reporting Person received 22,275 shares of Common Stock on a net exercise of options to purchase 100,275 shares of Common Stock. The Company withheld 78,000 shares of Common Stock underlying the options for payment of the exercise price and tax withholdings, based on a market price of $60.94 per share, pursuant to the terms of the Company's 2008 Stock Option and Incentive Plan. |
| 2 | Common | Common Stock | 2025-05-07 | M | A | 100,275 | $34.73 | 308,296 | D | — | — | (F1) Includes 382 shares of common stock, par value $0.01 per share ("Common Stock"), of Progress Software Corporation (the "Company"), acquired by the Reporting Person on March 31, 2025 through the Company's Employee Stock Purchase Plan. |
| 3 | Derivative | Employee Stock Options (Right to buy) | 2025-05-07 | M | D | 100,275 | $0.00 | 0 | D | $34.73 · — to 2026-01-22 | 100,275 Common Stock | (F3) Options were granted to the Reporting Person on January 22, 2019 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2023, 100,275 options were vested and exercisable. |