Ian Pitt - Feb 3, 2023 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Information Officer
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Feb 3, 2023
Transactions value $
-$58,243
Form type
4
Date filed
2/7/2023, 03:09 PM
Previous filing
Jan 23, 2023
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $105K +2.05K +124.48% $51.18 3.7K Feb 3, 2023 Direct
transaction PRGS Common Stock Options Exercise $62.2K +1.4K +37.74% $44.49 5.1K Feb 3, 2023 Direct
transaction PRGS Common Stock Sale -$226K -3.97K -77.81% $56.82 1.13K Feb 3, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRGS Employee Stock Options (Right to buy) Options Exercise $0 -2.05K -25.02% $0.00 6.16K Feb 3, 2023 Common Stock 2.05K $51.18 Direct F2
transaction PRGS Employee Stock Options (Right to buy) Options Exercise $0 -1.4K -12.5% $0.00 9.79K Feb 3, 2023 Common Stock 1.4K $44.49 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $56.26 to $57.25 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.
F2 Options were granted to the Reporting Person on September 27, 2021 under Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan. As of October 1, 2022, 2,054 options were vested and exercisable.
F3 Options were granted to the Reporting Person on January 20, 2022 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2022, 1,398 options were vested and exercisable.