Yogesh K. Gupta - 07 May 2025 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
Chief Executive Officer, Director
Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
07 May 2025
Transactions value $
-$1,270,769
Form type
4
Filing time
09 May 2025, 08:00:09 UTC
Previous filing
03 Apr 2025
Next filing
24 Jul 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Gupta Yogesh K Chief Executive Officer, Director C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON YuFan Stephanie Wang, Attorney-in-Fact 09 May 2025 0001301277

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $3.48M +100K +48.2% $34.73 308K 07 May 2025 Direct F1
transaction PRGS Common Stock Tax liability -$4.75M -78K -25.3% $60.94 230K 07 May 2025 Direct F2

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 Employee Stock Options (Right to buy) Options Exercise $0 -100K -100% $0.00 0 07 May 2025 Common Stock 100K $34.73 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Includes 382 shares of common stock, par value $0.01 per share ("Common Stock"), of Progress Software Corporation (the "Company"), acquired by the Reporting Person on March 31, 2025 through the Company's Employee Stock Purchase Plan.
F2 Represents a net exercise of outstanding stock options. The Reporting Person received 22,275 shares of Common Stock on a net exercise of options to purchase 100,275 shares of Common Stock. The Company withheld 78,000 shares of Common Stock underlying the options for payment of the exercise price and tax withholdings, based on a market price of $60.94 per share, pursuant to the terms of the Company's 2008 Stock Option and Incentive Plan.
F3 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, 100,275 options were vested and exercisable.