Domenic LoCoco - 01 Apr 2024 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
01 Apr 2024
Net transactions value
-$24,260
Form type
4
Filing time
03 Apr 2024, 16:24:21 UTC
Previous filing
02 Feb 2024
Next filing
05 Aug 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +294 +11% $0.000000 2,958 01 Apr 2024 Direct F1
transaction PRGS Common Stock Tax liability $4,608 -87 -2.9% $52.97 2,871 01 Apr 2024 Direct F2
transaction PRGS Common Stock Options Exercise $0 +375 +13% $0.000000 3,246 01 Apr 2024 Direct F1
transaction PRGS Common Stock Tax liability $5,880 -111 -3.4% $52.97 3,135 01 Apr 2024 Direct F3
transaction PRGS Common Stock Options Exercise $0 +885 +28% $0.000000 4,020 01 Apr 2024 Direct F1
transaction PRGS Common Stock Tax liability $13,772 -260 -6.5% $52.97 3,760 01 Apr 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 -294 -100% $0.000000* 0 01 Apr 2024 Common Stock 294 Direct F1, F5
transaction PRGS Restricted Stock Units Options Exercise $0 -375 -33% $0.000000 750 01 Apr 2024 Common Stock 375 Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -885 -20% $0.000000 3,541 01 Apr 2024 Common Stock 885 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 1,761 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 2,248 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 5,311 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.