PROGRESS SOFTWARE CORP /MA — Director's Dealing 2025

Oct 3, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2025-10-01

Reporting Person: WANG YUFAN STEPHANIE (Chief Legal Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2025-10-01	Common Stock	M	460	—	Acquired	460	Direct
2025-10-01	Common Stock	F	204	$44.21	Disposed	256	Direct
2025-10-01	Common Stock	M	1070	—	Acquired	1326	Direct
2025-10-01	Common Stock	F	475	$44.21	Disposed	851	Direct
2025-10-01	Common Stock	M	1038	—	Acquired	1889	Direct
2025-10-01	Common Stock	F	461	$44.21	Disposed	1428	Direct
2025-10-01	Common Stock	M	1201	—	Acquired	2629	Direct
2025-10-01	Common Stock	F	533	$44.21	Disposed	2096	Direct
2025-10-03	Common Stock	S	1428	$46.26	Disposed	668	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2025-10-01	Restricted Stock Units	$	M	460	Disposed		Common Stock (460)	Direct
2025-10-01	Restricted Stock Units	$	M	1070	Disposed		Common Stock (1070)	Direct
2025-10-01	Restricted Stock Units	$	M	1038	Disposed		Common Stock (1038)	Direct
2025-10-01	Restricted Stock Units	$	M	1201	Disposed		Common Stock (1201)	Direct

Footnotes

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 June 30, 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: 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.

F6: The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the Reporting Person on January 23, 2025, prior to the recent volatility in the Company's stock price and in compliance with all applicable laws and regulations.

F7: On June 30, 2022, the Reporting Person was granted 2,760 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 April 1, 2023, subject to the continued employment of the Reporting Person with the Company.

F8: On January 19, 2023, the Reporting Person was granted 6,419 restricted stock units pursuant to 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.

F9: On January 18, 2024, the Reporting Person was granted 6,226 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.

F10: On January 23, 2025, the Reporting Person was granted 7,207 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.