Yogesh K. Gupta - 01 Oct 2025 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Signature
YuFan Stephanie Wang, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
01 Oct 2025
Transactions value $
-$480,430
Form type
4
Filing time
03 Oct 2025, 06:36:40 UTC
Previous filing
05 Aug 2025

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 03 Oct 2025 0001301277

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise $0 +6.81K +2.93% $0.00 239K 01 Oct 2025 Direct F1
transaction PRGS Common Stock Tax liability -$146K -3.29K -1.38% $44.21 236K 01 Oct 2025 Direct F2
transaction PRGS Common Stock Options Exercise $0 +7.35K +3.12% $0.00 243K 01 Oct 2025 Direct F1
transaction PRGS Common Stock Tax liability -$157K -3.55K -1.46% $44.21 240K 01 Oct 2025 Direct F3
transaction PRGS Common Stock Options Exercise $0 +8.32K +3.47% $0.00 248K 01 Oct 2025 Direct F1
transaction PRGS Common Stock Tax liability -$178K -4.02K -1.62% $44.21 244K 01 Oct 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 -6.81K -50% $0.00 6.81K 01 Oct 2025 Common Stock 6.81K Direct F1, F5
transaction PRGS Restricted Stock Units Options Exercise $0 -7.35K -25% $0.00 22K 01 Oct 2025 Common Stock 7.35K Direct F1, F6
transaction PRGS Restricted Stock Units Options Exercise $0 -8.32K -16.67% $0.00 41.6K 01 Oct 2025 Common Stock 8.32K 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 19, 2023.
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 18, 2024.
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 23, 2025.
F5 On January 19, 2023, the Reporting Person was granted 40,849 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan (as amended and restated, the "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.
F6 On January 18, 2024, the Reporting Person was granted 44,095 restricted stock units pursuant to the 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.
F7 On January 23, 2025, the Reporting Person was granted 49,890 restricted stock units pursuant to the Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2025, subject to the continued employment of the Reporting Person with the Company.