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Filing Details

Accession Number:: 0000876167-25-000065
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2025-04-03 16:12:25
Reporting Period:: 2025-04-01

Filing Date:: 2025-04-03
Accepted Time:: 2025-04-03 16:12:25
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
876167	Progress Software Corp	PRGS	Services-Prepackaged Software (7372)	042746201

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1906390	Domenic Lococo	C/O Progress Software Corporation 15 Wayside Road, Suite 400 Burlington MA 01803	Chief Accounting Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2025-04-01	375	$0.00	4,678	No	4	M	Direct
Common Stock	Disposition	2025-04-01	111	$56.16	4,567	No	4	F	Direct
Common Stock	Acquisiton	2025-04-01	885	$0.00	5,452	No	4	M	Direct
Common Stock	Disposition	2025-04-01	260	$56.16	5,192	No	4	F	Direct
Common Stock	Acquisiton	2025-04-01	807	$0.00	5,999	No	4	M	Direct
Common Stock	Disposition	2025-04-01	237	$56.16	5,762	No	4	F	Direct
Common Stock	Acquisiton	2025-04-01	2,828	$47.16	8,590	No	4	M	Direct
Common Stock	Acquisiton	2025-04-01	2,027	$42.61	10,617	No	4	M	Direct
Common Stock	Acquisiton	2025-04-01	2,330	$44.49	12,947	No	4	M	Direct
Common Stock	Disposition	2025-04-01	7,185	$57.12	5,762	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	F	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2025-04-01	375	$0.00	375	$0.00
Common Stock	Restricted Stock Units	Disposition	2025-04-01	885	$0.00	885	$0.00
Common Stock	Restricted Stock Units	Disposition	2025-04-01	807	$0.00	807	$0.00
Common Stock	Employee Stock Options (Right to buy)	Disposition	2025-04-01	2,828	$0.00	2,828	$47.16
Common Stock	Employee Stock Options (Right to buy)	Disposition	2025-04-01	2,027	$0.00	2,027	$42.61
Common Stock	Employee Stock Options (Right to buy)	Disposition	2025-04-01	2,330	$0.00	2,330	$44.49

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		No	4	M	Direct
1,771		No	4	M	Direct
3,228		No	4	M	Direct
2,828	2027-01-20	No	4	M	Direct
2,026	2028-01-18	No	4	M	Direct
4,660	2029-01-19	No	4	M	Direct

Footnotes

Restricted stock units convert into common stock on a one-for-one basis.
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 January 20, 2022.
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.
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.
The trading activity reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 29, 2024.
This transaction was executed in multiple trades at prices ranging from $57.00 to $57.26 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.
On January 20, 2022, the Reporting Person was granted 2,248 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2022, subject to the continued employment of the Reporting Person with the Company.
On January 19, 2023, the Reporting Person was granted 5,311 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive 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.
On January 18, 2024, the Reporting Person was granted 4,842 restricted stock units pursuant to the Company's 2008 Stock Option and Incentive 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.
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, 2025, 5,656 shares were vested and exercisable.
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, 2025, 4,053 shares were vested and exercisable.
Options were granted to the Reporting Person on January 20, 2022 under the Company's 2008 Stock Option and Incentive Plan. As of April 1, 2025, 4,660 shares were vested and exercisable.