Ian Pitt - Oct 1, 2023 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Signature
YuFan Stephanie Wang, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Oct 1, 2023
Transactions value $
-$29,823
Form type
4
Date filed
10/3/2023, 04:21 PM
Previous filing
Apr 4, 2023
Next filing
Nov 21, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +489 +19.37% $0.00 3.01K Oct 1, 2023 Direct F1, F2
transaction PRGS Common Stock Tax liability -$7.92K -149 -4.95% $53.16 2.86K Oct 1, 2023 Direct F3
transaction PRGS Common Stock Options Exercise $0 +674 +23.53% $0.00 3.54K Oct 1, 2023 Direct F1
transaction PRGS Common Stock Tax liability -$10.9K -205 -5.79% $53.16 3.33K Oct 1, 2023 Direct F4
transaction PRGS Common Stock Options Exercise $0 +680 +20.4% $0.00 4.01K Oct 1, 2023 Direct F1
transaction PRGS Common Stock Tax liability -$11K -207 -5.16% $53.16 3.81K Oct 1, 2023 Direct F5

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 Restricted Stock Units Options Exercise $0 -489 -33.33% $0.00 978 Oct 1, 2023 Common Stock 489 Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -674 -24.98% $0.00 2.02K Oct 1, 2023 Common Stock 674 Direct F1, F7
transaction PRGS Restricted Stock Units Options Exercise $0 -680 -16.65% $0.00 3.41K Oct 1, 2023 Common Stock 680 Direct F1, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units convert into common stock on a one-for-one basis.
F2 Includes 584 shares of common stock acquired by the Reporting Person on March 31, 2023 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
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 September 27, 2021.
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 20, 2022.
F5 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.
F6 On September 27, 2021, the Reporting Person was granted 2,931 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 April 1, 2022, subject to the continued employment of the Reporting Person with the Company.
F7 On January 20, 2022, the Reporting Person was granted 4,046 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.
F8 On January 19, 2023, the Reporting Person was granted 4,085 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.