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

Role
Chief Financial Officer
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
01 Oct 2025
Net transactions value
-$412,051
Form type
4
Filing time
03 Oct 2025, 17:29:51 UTC
Previous filing
09 Jul 2025
Next filing
26 Jan 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
FOLGER ANTHONY Chief Financial Officer C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON YuFan Stephanie Wang, Attorney-in-Fact 03 Oct 2025 0001566737

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +2,529 +5.8% $0.000000 46,088 01 Oct 2025 Direct F1
transaction PRGS Common Stock Tax liability $49,604 -1,122 -2.4% $44.21 44,966 01 Oct 2025 Direct F2
transaction PRGS Common Stock Options Exercise $0 +2,464 +5.5% $0.000000 47,430 01 Oct 2025 Direct F1
transaction PRGS Common Stock Tax liability $48,322 -1,093 -2.3% $44.21 46,337 01 Oct 2025 Direct F3
transaction PRGS Common Stock Options Exercise $0 +3,048 +6.6% $0.000000 49,385 01 Oct 2025 Direct F1
transaction PRGS Common Stock Tax liability $59,772 -1,352 -2.7% $44.21 48,033 01 Oct 2025 Direct F4
transaction PRGS Common Stock Sale $249,622 -5,374 -11% $46.45 42,659 03 Oct 2025 Direct F5, F6
transaction PRGS Common Stock Sale $4,732 -100 -0.23% $47.32 42,559 03 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 -2,529 -50% $0.000000 2,529 01 Oct 2025 Common Stock 2,529 Direct F1, F7
transaction PRGS Restricted Stock Units Options Exercise $0 -2,464 -25% $0.000000 7,393 01 Oct 2025 Common Stock 2,464 Direct F1, F8
transaction PRGS Restricted Stock Units Options Exercise $0 -3,048 -17% $0.000000 15,245 01 Oct 2025 Common Stock 3,048 Direct F1, F9
* 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 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 The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the Reporting Person on April 8, 2025, prior to the recent volatility in the Company's stock price and in compliance with all applicable laws and regulations. The sale is reported on two rows due to being executed in multiple trades across a price range that exceeded $1.
F6 This tranche of the sale was executed in multiple trades at prices ranging from $46.08 to $47.03 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F7 On January 19, 2023, the Reporting Person was granted 15,173 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.
F8 On January 18, 2024, the Reporting Person was granted 14,785 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.
F9 On January 23, 2025, the Reporting Person was granted 18,293 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.