Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2025-10-03 00:00:00 ET · period of report 2025-10-01 · accession 0000876167-25-000170 · 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 | 2025-10-03 | 2025-10-03 | PRGS | FOLGER ANTHONY | CFO | S - Sale+OE | $46.47 | -5,474 | 42.7K | -11% | -$254.4K |
| DM | 2025-10-03 | 2025-10-01 | PRGS | FOLGER ANTHONY | CFO | F - Tax | $44.21 | -3,567 | 45.0K | -7% | -$157.7K |
| DM | 2025-10-03 | 2025-10-01 | PRGS | FOLGER ANTHONY | CFO | M - OptEx | $0.00 | +8,041 | 46.1K | +21% | $0 |
| DM | 2025-10-03 | 2025-10-01 | PRGS | FOLGER ANTHONY | CFO | M - OptEx | $0.00 | -8,041 | 15.2K | -35% | $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 | 2025-10-03 | S | D | 100 | $47.32 | 42,559 | D | — | — | |
| 2 | Common | Common Stock | 2025-10-03 | S | D | 5,374 | $46.45 | 42,659 | D | — | — | (F6) This tranche of the sale was executed in multiple trades at prices ranging from $46.08 to $47.03 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. |
| 3 | Common | Common Stock | 2025-10-01 | F | D | 1,352 | $44.21 | 48,033 | 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 23, 2025. |
| 4 | Common | Common Stock | 2025-10-01 | M | A | 3,048 | $0.00 | 49,385 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 5 | Common | Common Stock | 2025-10-01 | F | D | 1,093 | $44.21 | 46,337 | 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 18, 2024. |
| 6 | Common | Common Stock | 2025-10-01 | M | A | 2,464 | $0.00 | 47,430 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 7 | Common | Common Stock | 2025-10-01 | F | D | 1,122 | $44.21 | 44,966 | 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 19, 2023. |
| 8 | Common | Common Stock | 2025-10-01 | M | A | 2,529 | $0.00 | 46,088 | D | — | — | (F1) Restricted stock units convert into common stock on a one-for-one basis. |
| 9 | Derivative | Restricted Stock Units | 2025-10-01 | M | D | 2,529 | $0.00 | 2,529 | D | — · — to — | 2,529 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F7) On January 19, 2023, the Reporting Person was granted 15,173 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan (as amended and restated, the "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. |
| 10 | Derivative | Restricted Stock Units | 2025-10-01 | M | D | 2,464 | $0.00 | 7,393 | D | — · — to — | 2,464 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F8) On January 18, 2024, the Reporting Person was granted 14,785 restricted stock units pursuant to the 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. |
| 11 | Derivative | Restricted Stock Units | 2025-10-01 | M | D | 3,048 | $0.00 | 15,245 | D | — · — to — | 3,048 Common Stock | (F1) Restricted stock units convert into common stock on a one-for-one basis. (F9) On January 23, 2025, the Reporting Person was granted 18,293 restricted stock units pursuant to the Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2025, subject to the continued employment of the Reporting Person with the Company. |