John Ainsworth - 28 Jul 2025 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: 28 Jul 2025
Net transactions value: -$131,608
Form type: 4
Filing time: 29 Jul 2025, 16:05:45 UTC
Previous filing: 03 Apr 2025
Next filing: 03 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ainsworth John	EVP/GM App & Data Platform	C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON	YuFan Stephanie Wang, Attorney-in-Fact	29 Jul 2025	0001750309

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	+43%	$34.73	63,915	28 Jul 2025	Direct	F1
transaction	PRGS	Common Stock	Tax liability	$799,500	-15,939	-25%	$50.16	47,976	28 Jul 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	Options Exercise	$0	-19,231	-100%	$0.000000	0	28 Jul 2025	Common Stock	19,231	$34.73	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This Form 4 is being filed to report the exercise of stock options for a total of 19,231 shares, of which (i) 13,315 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise, and (ii) 2,624 shares owned by the Reporting Person were withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon exercise of the stock options. As a result of this exercise, the Reporting Person acquired ownership of 3,292 shares of common stock.
F2	Options were granted to the Reporting Person on January 22, 2019 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2023, 19,231 options were vested and exercisable.

Content

This Form 4 is being filed to report the exercise of stock options for a total of 19,231 shares, of which (i) 13,315 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise, and (ii) 2,624 shares owned by the Reporting Person were withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon exercise of the stock options. As a result of this exercise, the Reporting Person acquired ownership of 3,292 shares of common stock.

Options were granted to the Reporting Person on January 22, 2019 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2023, 19,231 options were vested and exercisable.