PROGRESS SOFTWARE CORP /MA — Director's Dealing 2026

Feb 3, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2026-02-01

Reporting Person: FOLGER ANTHONY (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-02-01	Common Stock	M	22000	—	Acquired	64559	Direct
2026-02-01	Common Stock	F	9757	$40.57	Disposed	54802	Direct
2026-02-03	Common Stock	S	5184	$39.88	Disposed	49618	Direct
2026-02-03	Common Stock	S	816	$40.78	Disposed	48802	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-02-01	Restricted Stock Units	$	M	22000	Disposed		Common Stock (22000)	Direct

Footnotes

F1: On January 19, 2023, the Reporting Person was granted 25,287 performance-based restricted stock units pursuant to Progress Software Corporation's (the "Company's") 2008 Stock Option and Incentive Plan and 2022 Long Term Incentive Plan. Based on the Company meeting relative total shareholder return and cumulative operating income criteria over the three-year period ending November 30, 2025, the amount shown is the amount of performance-based restricted stock units that vested under the 2022 Long Term Incentive Plan on February 1, 2026.

F2: Restricted stock units convert into common stock on a one-for-one basis.

F3: Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of performance-based restricted stock units granted to the Reporting Person on January 19, 2023.

F4: The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the Reporting Person on April 8, 2025, prior to the recent volatility in the Company's stock price and in compliance with all applicable laws and regulations. The sale is reported on two rows due to being executed in multiple trades across a price range that exceeded $1.

F5: This tranche of the sale was executed in multiple trades at prices ranging from $39.41 to $40.40 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.

F6: This tranche of the sale was executed in multiple trades at prices ranging from $40.41 to $41.10 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.