PROGRESS SOFTWARE CORP /MA — Director's Dealing 2023

Aug 2, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2023-07-31

Reporting Person: Kulikoski Kathryn (Chief People Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-07-31	Common Stock	M	1061	$47.16	Acquired	6399	Direct
2023-07-31	Common Stock	S	1061	$60	Disposed	5338	Direct
2023-08-01	Common Stock	M	1487	$42.61	Acquired	6825	Direct
2023-08-01	Common Stock	S	1487	$59.62	Disposed	5338	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-07-31	Employee Stock Options	$47.16	M	1061	Disposed	2027-01-21	Common Stock (1061)	Direct
2023-08-01	Employee Stock Options	$42.61	M	1487	Disposed	2028-01-18	Common Stock (1487)	Direct

Footnotes

F1: Includes 122 shares of common stock acquired by the Reporting Person on June 30, 2023 through Progress Software Corporation's (the "Company's") Employee Stock Purchase Plan.

F2: The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 13, 2023.

F3: Options were granted to the Reporting Person on January 21, 2020 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2023, 6,363 options were vested and exercisable.

F4: Options were granted to the Reporting Person on January 19, 2021 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2023, 5,948 options were vested and exercisable.