Anthony Folger - Apr 1, 2024 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Financial Officer
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Apr 1, 2024
Transactions value $
-$159,175
Form type
4
Date filed
4/3/2024, 04:22 PM
Previous filing
Feb 2, 2024
Next filing
Jun 5, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +2K +5.39% $0.00 39K Apr 1, 2024 Direct F1
transaction PRGS Common Stock Tax liability -$46.9K -886 -2.27% $52.97 38.2K Apr 1, 2024 Direct F2
transaction PRGS Common Stock Options Exercise $0 +2.25K +5.89% $0.00 40.4K Apr 1, 2024 Direct F1
transaction PRGS Common Stock Tax liability -$52.8K -997 -2.47% $52.97 39.4K Apr 1, 2024 Direct F3
transaction PRGS Common Stock Options Exercise $0 +2.53K +6.42% $0.00 41.9K Apr 1, 2024 Direct F1
transaction PRGS Common Stock Tax liability -$59.4K -1.12K -2.68% $52.97 40.8K Apr 1, 2024 Direct F4

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 -2K -100% $0.00* 0 Apr 1, 2024 Common Stock 2K Direct F1, F5
transaction PRGS Restricted Stock Units Options Exercise $0 -2.25K -33.33% $0.00 4.5K Apr 1, 2024 Common Stock 2.25K Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -2.53K -20% $0.00 10.1K Apr 1, 2024 Common Stock 2.53K Direct F1, F7
* 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 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, 2021.
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 20, 2022.
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 19, 2023.
F5 On January 19, 2021, the Reporting Person was granted 11,972 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, 2021, subject to the continued employment of the Reporting Person with the Company.
F6 On January 20, 2022, the Reporting Person was granted 13,487 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.
F7 On January 19, 2023, the Reporting Person was granted 15,173 restricted stock units pursuant to the Companys 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.