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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2025
Jul 29, 2025
31754_dirs_2025-07-29_2c5aaec3-d695-4693-8fca-59f8a5188d59.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2025-07-28
Reporting Person: Ainsworth John (EVP/GM App & Data Platform)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-07-28 | Common Stock | M | 19231 | $34.73 | Acquired | 63915 | Direct |
| 2025-07-28 | Common Stock | F | 15939 | $50.16 | Disposed | 47976 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-07-28 | Employee Stock Options | $34.73 | M | 19231 | Disposed | 2026-01-22 | Common Stock (19231) | Direct |
Footnotes
F1: This Form 4 is being filed to report the exercise of stock options for a total of 19,231 shares, of which (i) 13,315 shares owned by the Reporting Person were exchanged to cover the cost of the option exercise, and (ii) 2,624 shares owned by the Reporting Person were withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon exercise of the stock options. As a result of this exercise, the Reporting Person acquired ownership of 3,292 shares of common stock.
F2: 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, 19,231 options were vested and exercisable.