Loren Jarrett - 09 May 2025 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
09 May 2025
Net transactions value
-$792,866
Form type
4
Filing time
13 May 2025, 16:13:43 UTC
Previous filing
03 Apr 2025
Next filing
03 Oct 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Jarrett Loren EVP/GM Digital Experience C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON YuFan Stephanie Wang, Attorney-in-Fact 13 May 2025 0001750308

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $667,893 +19,231 +143% $34.73 32,644 09 May 2025 Direct
transaction PRGS Common Stock Sale $1,175,014 -19,231 -59% $61.10 13,413 09 May 2025 Direct F1
transaction PRGS Common Stock Options Exercise $622,323 +13,196 +98% $47.16 26,609 09 May 2025 Direct
transaction PRGS Common Stock Sale $806,276 -13,196 -50% $61.10 13,413 09 May 2025 Direct F1
transaction PRGS Common Stock Sale $101,793 -1,666 -12% $61.10 11,747 09 May 2025 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 -19,231 -100% $0.000000 0 09 May 2025 Common Stock 19,231 $34.73 Direct F2
transaction PRGS Employee Stock Options (Right to buy) Options Exercise $0 -13,196 -100% $0.000000 0 09 May 2025 Common Stock 13,196 $47.16 Direct F3
* 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 on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 7, 2025.
F2 Options were granted to the Reporting Person on January 22, 2019 under Progress Software Corporation's 2008 Stock Option and Incentive Plan (the "Plan"). As of April 1, 2023, 19,231 options were vested and exercisable.
F3 Options were granted to the Reporting Person on January 21, 2020 under the Plan. As of April 1, 2024, 13,196 options were vested and exercisable.