John Ainsworth - 01 Oct 2024 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
EVP/GM App & Data Platform
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
01 Oct 2024
Net transactions value
-$102,154
Form type
4
Filing time
03 Oct 2024, 16:16:34 UTC
Previous filing
31 Jul 2024
Next filing
27 Jan 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +1,124 +3.4% $0.000000 34,066 01 Oct 2024 Direct F1
transaction PRGS Common Stock Tax liability $33,208 -499 -1.5% $66.55 33,567 01 Oct 2024 Direct F2
transaction PRGS Common Stock Options Exercise $0 +1,167 +3.5% $0.000000 34,734 01 Oct 2024 Direct F1
transaction PRGS Common Stock Tax liability $34,473 -518 -1.5% $66.55 34,216 01 Oct 2024 Direct F3
transaction PRGS Common Stock Options Exercise $0 +1,167 +3.4% $0.000000 35,383 01 Oct 2024 Direct F1
transaction PRGS Common Stock Tax liability $34,473 -518 -1.5% $66.55 34,865 01 Oct 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 -1,124 -50% $0.000000 1,124 01 Oct 2024 Common Stock 1,124 Direct F1, F5
transaction PRGS Restricted Stock Units Options Exercise $0 -1,167 -25% $0.000000 3,502 01 Oct 2024 Common Stock 1,167 Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -1,167 -17% $0.000000 5,837 01 Oct 2024 Common Stock 1,167 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 20, 2022.
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 19, 2023.
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 18, 2024.
F5 On January 20, 2022, the Reporting Person was granted 6,744 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.
F6 On January 19, 2023, the Reporting Person was granted 7,003 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.
F7 On January 18, 2024, the Reporting Person was granted 7,004 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, 2024, subject to the continued employment of the Reporting Person with the Company.