| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | PRGS | Employee Stock Options (Right to buy) | Options Exercise | $0 | -3.56K | -46.73% | $0.00 | 4.05K | Nov 1, 2024 | Common Stock | 3.56K | $42.61 | Direct | F3 |
| transaction | PRGS | Employee Stock Options (Right to buy) | Options Exercise | $0 | -2.33K | -25% | $0.00 | 6.99K | Nov 1, 2024 | Common Stock | 2.33K | $44.49 | Direct | F4 |
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).
| Id | Content |
|---|---|
| F1 | The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 9, 2023. |
| F2 | Includes 93 shares of common stock acquired by the Reporting Person on September 30, 2024 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan. |
| F3 | Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2024, 7,096 shares were vested and exercisable. |
| F4 | Options were granted to the Reporting Person on January 20, 2022 under the Company's 2008 Stock Option and Incentive Plan. As of October 1, 2024, 5,825 shares were vested and exercisable. |