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

Role: Chief Information Officer
Signature: YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol: PRGS
Transactions as of: 01 Oct 2025
Net transactions value: -$36,341
Form type: 4
Filing time: 03 Oct 2025, 06:37:04 UTC
Previous filing: 02 Jul 2025
Next filing: 07 Oct 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Pitt Ian	Chief Information Officer	C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON	YuFan Stephanie Wang, Attorney-in-Fact	03 Oct 2025	0001878325

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PRGS	Common Stock	Options Exercise	$0	+681	+10%	$0.000000	7,194	01 Oct 2025	Direct	F1
transaction	PRGS	Common Stock	Tax liability	$11,848	-268	-3.7%	$44.21	6,926	01 Oct 2025	Direct	F2
transaction	PRGS	Common Stock	Options Exercise	$0	+666	+9.6%	$0.000000	7,592	01 Oct 2025	Direct	F1
transaction	PRGS	Common Stock	Tax liability	$11,627	-263	-3.5%	$44.21	7,329	01 Oct 2025	Direct	F3
transaction	PRGS	Common Stock	Options Exercise	$0	+739	+10%	$0.000000	8,068	01 Oct 2025	Direct	F1
transaction	PRGS	Common Stock	Tax liability	$12,865	-291	-3.6%	$44.21	7,777	01 Oct 2025	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	-681	-50%	$0.000000	681	01 Oct 2025	Common Stock	681		Direct	F1, F5
transaction	PRGS	Restricted Stock Units	Options Exercise	$0	-666	-25%	$0.000000	1,998	01 Oct 2025	Common Stock	666		Direct	F1, F6
transaction	PRGS	Restricted Stock Units	Options Exercise	$0	-739	-17%	$0.000000	3,696	01 Oct 2025	Common Stock	739		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 19, 2023.
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 18, 2024.
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 23, 2025.
F5	On January 19, 2023, the Reporting Person was granted 4,085 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.
F6	On January 18, 2024, the Reporting Person was granted 3,995 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.
F7	On January 23, 2025, the Reporting Person was granted 4,435 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.