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PROGRESS SOFTWARE CORP /MA — Director's Dealing 2025
May 13, 2025
31754_dirs_2025-05-13_6409fa8b-7e8a-4f8f-a7f1-47fbb1ee073d.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: 2025-05-09
Reporting Person: Jarrett Loren (EVP/GM Digital Experience)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-05-09 | Common Stock | M | 19231 | $34.73 | Acquired | 32644 | Direct |
| 2025-05-09 | Common Stock | S | 19231 | $61.10 | Disposed | 13413 | Direct |
| 2025-05-09 | Common Stock | M | 13196 | $47.16 | Acquired | 26609 | Direct |
| 2025-05-09 | Common Stock | S | 13196 | $61.10 | Disposed | 13413 | Direct |
| 2025-05-09 | Common Stock | S | 1666 | $61.10 | Disposed | 11747 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-05-09 | Employee Stock Options (Right to buy) | $34.73 | M | 19231 | Disposed | 2026-01-22 | Common Stock (19231) | Direct |
| 2025-05-09 | Employee Stock Options (Right to buy) | $47.16 | M | 13196 | Disposed | 2027-01-21 | Common Stock (13196) | Direct |
Footnotes
F1: The trading activity reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on February 7, 2025.
F2: Options were granted to the Reporting Person on January 22, 2019 under Progress Software Corporation's 2008 Stock Option and Incentive Plan (the "Plan"). As of April 1, 2023, 19,231 options were vested and exercisable.
F3: Options were granted to the Reporting Person on January 21, 2020 under the Plan. As of April 1, 2024, 13,196 options were vested and exercisable.