John Ainsworth - 28 Jul 2025 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Reporting relationship: EVP/GM App & Data Platform
Issuer ticker: PRGS
Reported as of: 28 Jul 2025
Net transaction value: -$131,608
SEC form: 4
Accepted by SEC: 29 Jul 2025, 16:05:45 UTC
Prior SEC filing: 03 Apr 2025
Next SEC filing: 03 Oct 2025
Source filing: View source filing
Reporting owner signature: YuFan Stephanie Wang, Attorney-in-Fact

Key filing fact

John Ainsworth filed Form 4 for PROGRESS SOFTWARE CORP /MA (PRGS) on 29 Jul 2025.

Key facts

This page summarizes John Ainsworth's Form 4 filing for PROGRESS SOFTWARE CORP /MA (PRGS).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 29 Jul 2025, 16:05.

Change

Previous filing in this sequence was filed on 03 Apr 2025.
Current net transaction value: -$131,608.

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

Reporting Owners (1)

CIK 0001750309 Primary reporting owner

Ainsworth John

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

Reported non-derivative transactions

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

PRGS transaction

Common Stock

Options Exercise

Transaction value: $667,893
Shares: +19,231
Change %: +43%
Price: $34.73
Shares after: 63,915
Date: 28 Jul 2025
Ownership: Direct
Footnotes: F1

PRGS transaction

Common Stock

Tax liability

Transaction value: $799,500
Shares: -15,939
Change %: -25%
Price: $50.16
Shares after: 47,976
Date: 28 Jul 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

PRGS transaction Derivative

Employee Stock Options

Options Exercise

Transaction value: $0
Shares: -19,231
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 28 Jul 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 19,231
Exercise price: $34.73
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote 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.