[144] Progressive Corporation SEC Filing

Rhea-AI Filing Summary

Progressive Corp. (PGR) filed a Form 144 indicating that the John Peter Sauerland Revocable Trust plans to sell 16,664 common shares through Fidelity Brokerage on or about 28 Jul 2025. At the filing date, the shares are valued at $4.15 million and equal roughly 0.003% of the 586.2 million shares outstanding, implying minimal dilution or control impact.

The trust received the shares via restricted-stock vesting on 25 Jul 2025 as compensation. It has already sold 30,000 shares in the prior three months for aggregate proceeds of $8.08 million. The filer certifies no undisclosed adverse information and does not reference a 10b5-1 trading plan.

No earnings, guidance, or strategic disclosures accompany the notice; the filing reflects routine insider liquidity rather than a company-level event. Investors may monitor future insider transactions for trend changes, but the current sale is immaterial to PGR’s capital structure.

Insights

Securities Analyst

TL;DR: Small insider sale; minimal impact on float, neutral signal.

The trust linked to CFO John Sauerland is registering 16,664 shares (~$4.1 m) for sale after divesting 30,000 shares in the last quarter. Combined volume is negligible versus PGR’s 586 m shares outstanding, suggesting routine diversification rather than a bearish outlook. No price-sensitive data is disclosed, and the certification affirms absence of undisclosed material information. Overall, I view the event as neutral for valuation and sentiment.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	16664	4153335.36	586223643	07/28/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	07/25/2025	Restricted Stock Vesting	Issuer			16664	07/25/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
John Peter Sauerland Rev Trust 300 North Commons Blvd. Mayfield Village OH 44143	Common	04/28/2025	10000	2685900.00
John Peter Sauerland Rev Trust 300 North Commons Blvd. Mayfield Village OH 44143	Common	05/28/2025	10000	2753700.00
John Peter Sauerland Rev Trust 300 North Commons Blvd. Mayfield Village OH 44143	Common	06/30/2025	10000	2637900.00

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

How many Progressive (PGR) shares are being registered for sale?

16,664 common shares are being registered under Form 144.

What is the estimated market value of the shares in this Form 144?

The shares are valued at approximately $4.15 million based on the filing data.

What percentage of Progressive’s outstanding shares does the sale represent?

About 0.003% of the 586.2 million shares outstanding.

Has the filer sold Progressive shares recently?

Yes, the trust sold 30,000 shares over Apr–Jun 2025 for $8.08 million in gross proceeds.

When were the shares to be sold originally acquired?

They vested as restricted stock on 25 Jul 2025 as part of compensation.