Domenic LoCoco - Nov 1, 2024 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Accounting Officer
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Nov 1, 2024
Transactions value $
-$134,443
Form type
4
Date filed
11/5/2024, 04:18 PM
Previous filing
Oct 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Sale -$12.8K -200 -3.7% $64.02 5.2K Nov 1, 2024 Direct F1, F2
transaction PRGS Common Stock Options Exercise $152K +3.56K +68.4% $42.61 8.76K Nov 1, 2024 Direct
transaction PRGS Common Stock Sale -$228K -3.56K -40.62% $64.02 5.2K Nov 1, 2024 Direct F1
transaction PRGS Common Stock Options Exercise $104K +2.33K +44.82% $44.49 7.53K Nov 1, 2024 Direct
transaction PRGS Common Stock Sale -$149K -2.33K -30.95% $64.02 5.2K Nov 1, 2024 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 -3.56K -46.73% $0.00 4.05K Nov 1, 2024 Common Stock 3.56K $42.61 Direct F3
transaction PRGS Employee Stock Options (Right to buy) Options Exercise $0 -2.33K -25% $0.00 6.99K Nov 1, 2024 Common Stock 2.33K $44.49 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 9, 2023.
F2 Includes 93 shares of common stock acquired by the Reporting Person on September 30, 2024 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
F3 Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2024, 7,096 shares were vested and exercisable.
F4 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, 2024, 5,825 shares were vested and exercisable.