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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
03 Apr 2025, 16:12:25 UTC
Prior SEC filing
04 Feb 2025
Next SEC filing
03 Oct 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
YuFan Stephanie Wang, Attorney-in-Fact

Key filing fact

Domenic LoCoco filed Form 4 for PROGRESS SOFTWARE CORP /MA (PRGS) on 03 Apr 2025.

Key facts

  • This page summarizes Domenic LoCoco's Form 4 filing for PROGRESS SOFTWARE CORP /MA (PRGS).
  • 16 reported transactions and 6 derivative rows are listed below.
  • Accepted by SEC: 03 Apr 2025, 16:12.

Change

  • Previous filing in this sequence was filed on 04 Feb 2025.
  • Current net transaction value: -$121,152.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PRGS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+375
Change %
+8.7%
Price
$0.000000
Shares after
4,678
Date
01 Apr 2025
Ownership
Direct
Footnotes
F1
PRGS transaction

Common Stock

Tax liability

Transaction value
$6,234
Shares
-111
Change %
-2.4%
Price
$56.16
Shares after
4,567
Date
01 Apr 2025
Ownership
Direct
Footnotes
F2
PRGS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+885
Change %
+19%
Price
$0.000000
Shares after
5,452
Date
01 Apr 2025
Ownership
Direct
Footnotes
F1
PRGS transaction

Common Stock

Tax liability

Transaction value
$14,602
Shares
-260
Change %
-4.8%
Price
$56.16
Shares after
5,192
Date
01 Apr 2025
Ownership
Direct
Footnotes
F3
PRGS transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+807
Change %
+16%
Price
$0.000000
Shares after
5,999
Date
01 Apr 2025
Ownership
Direct
Footnotes
F1
PRGS transaction

Common Stock

Tax liability

Transaction value
$13,310
Shares
-237
Change %
-4%
Price
$56.16
Shares after
5,762
Date
01 Apr 2025
Ownership
Direct
Footnotes
F4
PRGS transaction

Common Stock

Options Exercise

Transaction value
$133,368
Shares
+2,828
Change %
+49%
Price
$47.16
Shares after
8,590
Date
01 Apr 2025
Ownership
Direct
PRGS transaction

Common Stock

Options Exercise

Transaction value
$86,370
Shares
+2,027
Change %
+24%
Price
$42.61
Shares after
10,617
Date
01 Apr 2025
Ownership
Direct
PRGS transaction

Common Stock

Options Exercise

Transaction value
$103,662
Shares
+2,330
Change %
+22%
Price
$44.49
Shares after
12,947
Date
01 Apr 2025
Ownership
Direct
PRGS transaction

Common Stock

Sale

Transaction value
$410,407
Shares
-7,185
Change %
-55%
Price
$57.12
Shares after
5,762
Date
01 Apr 2025
Ownership
Direct
Footnotes
F5, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PRGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-375
Change %
-100%
Price
$0.000000
Shares after
0
Date
01 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
375
Exercise price
Footnotes
F1, F7
PRGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-885
Change %
-33%
Price
$0.000000
Shares after
1,771
Date
01 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
885
Exercise price
Footnotes
F1, F8
PRGS transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-807
Change %
-20%
Price
$0.000000
Shares after
3,228
Date
01 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
807
Exercise price
Footnotes
F1, F9
PRGS transaction Derivative

Employee Stock Options (Right to buy)

Options Exercise

Transaction value
$0
Shares
-2,828
Change %
-50%
Price
$0.000000
Shares after
2,828
Date
01 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,828
Exercise price
$47.16
Footnotes
F10
PRGS transaction Derivative

Employee Stock Options (Right to buy)

Options Exercise

Transaction value
$0
Shares
-2,027
Change %
-50%
Price
$0.000000
Shares after
2,026
Date
01 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,027
Exercise price
$42.61
Footnotes
F11
PRGS transaction Derivative

Employee Stock Options (Right to buy)

Options Exercise

Transaction value
$0
Shares
-2,330
Change %
-33%
Price
$0.000000
Shares after
4,660
Date
01 Apr 2025
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,330
Exercise price
$44.49
Footnotes
F12
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 12 footnotes

Footnote F1

Restricted stock units convert into common stock on a one-for-one basis.

Footnote 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 20, 2022.

Footnote 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.

Footnote 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.

Footnote F5

The trading activity reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 29, 2024.

Footnote F6

This transaction was executed in multiple trades at prices ranging from $57.00 to $57.26 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.

Footnote F7

On January 20, 2022, the Reporting Person was granted 2,248 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2022, subject to the continued employment of the Reporting Person with the Company.

Footnote F8

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. 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.

Footnote F9

On January 18, 2024, the Reporting Person was granted 4,842 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive 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.

Footnote F10

Options were granted to the Reporting Person on January 21, 2020 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 5,656 shares were vested and exercisable.

Footnote F11

Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 4,053 shares were vested and exercisable.

Footnote F12

Options were granted to the Reporting Person on January 20, 2022 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 4,660 shares were vested and exercisable.

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