Domenic LoCoco - 01 Oct 2025 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
01 Oct 2025
Net transactions value
-$33,997
Form type
4
Filing time
03 Oct 2025, 06:36:52 UTC
Previous filing
03 Apr 2025
Next filing
26 Jan 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
LoCoco Domenic Chief Accounting Officer C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON YuFan Stephanie Wang, Attorney-in-Fact 03 Oct 2025 0001906390

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +885 +14% $0.000000 6,996 01 Oct 2025 Direct F1, F2
transaction PRGS Common Stock Tax liability $11,495 -260 -3.7% $44.21 6,736 01 Oct 2025 Direct F3
transaction PRGS Common Stock Options Exercise $0 +807 +12% $0.000000 7,543 01 Oct 2025 Direct F1
transaction PRGS Common Stock Tax liability $10,478 -237 -3.1% $44.21 7,306 01 Oct 2025 Direct F4
transaction PRGS Common Stock Options Exercise $0 +924 +13% $0.000000 8,230 01 Oct 2025 Direct F1
transaction PRGS Common Stock Tax liability $12,025 -272 -3.3% $44.21 7,958 01 Oct 2025 Direct F5

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 -885 -50% $0.000000 886 01 Oct 2025 Common Stock 885 Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -807 -25% $0.000000 2,421 01 Oct 2025 Common Stock 807 Direct F1, F7
transaction PRGS Restricted Stock Units Options Exercise $0 -924 -17% $0.000000 4,620 01 Oct 2025 Common Stock 924 Direct F1, F8
* 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 Includes 267 shares of common stock acquired by the Reporting Person on March 31, 2025 and 82 shares of common stock acquired by the Reporting Person on June 30, 2025 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.
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 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 23, 2025.
F6 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 (as amended and restated, the "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 4,842 restricted stock units pursuant to the 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.
F8 On January 23, 2025, the Reporting Person was granted 5,544 restricted stock units pursuant to the Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2025, subject to the continued employment of the Reporting Person with the Company.