Ian Pitt - Apr 1, 2025 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Information Officer
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Stock symbol
PRGS
Transactions as of
Apr 1, 2025
Transactions value $
-$34,538
Form type
4
Date filed
4/3/2025, 04:12 PM
Previous filing
Feb 4, 2025
Next filing
Apr 8, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +675 +8.87% $0.00 8.29K Apr 1, 2025 Direct F1
transaction PRGS Common Stock Tax liability -$11.5K -205 -2.47% $56.16 8.08K Apr 1, 2025 Direct F2
transaction PRGS Common Stock Options Exercise $0 +681 +8.43% $0.00 8.76K Apr 1, 2025 Direct F1
transaction PRGS Common Stock Tax liability -$11.6K -207 -2.36% $56.16 8.56K Apr 1, 2025 Direct F3
transaction PRGS Common Stock Options Exercise $0 +666 +7.78% $0.00 9.22K Apr 1, 2025 Direct F1
transaction PRGS Common Stock Tax liability -$11.4K -203 -2.2% $56.16 9.02K Apr 1, 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 -675 -100% $0.00 0 Apr 1, 2025 Common Stock 675 Direct F1, F5
transaction PRGS Restricted Stock Units Options Exercise $0 -681 -33.33% $0.00 1.36K Apr 1, 2025 Common Stock 681 Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -666 -20% $0.00 2.66K Apr 1, 2025 Common Stock 666 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 20, 2022.
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.
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.
F5 On January 20, 2022, the Reporting Person was granted 4,046 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.
F6 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. 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.
F7 On January 18, 2024, the Reporting Person was granted 3,995 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.