Progressive CIO sells 2,242 shares under plan
On July 27, 2026, Progressive Corp.'s Chief Investment Officer Jonathan S. Bauer sold 2,242 shares of common stock at $212.71 per share in an open-market transaction pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on August 21, 2025.
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Form Type
4
Rhea-AI Filing Summary
On July 27, 2026, Progressive Corp.'s Chief Investment Officer Jonathan S. Bauer sold 2,242 shares of common stock at $212.71 per share in an open-market transaction pursuant to a pre-arranged Rule 10b5-1 trading plan adopted on August 21, 2025. Following the sale, he directly holds 26,250.345 shares and indirectly holds 122.674 shares through a 401(k) plan.
Insider Trade Summary 10b5-1
Net Seller: 2,242 shares
Net Sell
1 txn
Insider
Bauer Jonathan S.
Role
Chief Investment Officer
Sold
2,242 shs ($477K)
Share of Position Sold
7.9%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common F1 | 2,242 | $212.71 | $477K |
| Holding | Common | -- | -- | -- |
Holdings After Transaction:
Common — 26,250.345 shares (Direct);
Common — 122.674 shares (Indirect, 401(k) Plan)
Holdings Before and After:
Common, 28,492.345 to 26,250.345 shares (Direct)
Other Insiders: 4 other insiders reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (1)
- F1. This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of August 21, 2025.
Key Figures
Shares sold: 2,242 shares
Sale price: $212.71 per share
Direct holdings after sale: 26,250.345 shares
+2 more
5 metrics
Shares sold
2,242 shares
Common stock sale on July 27, 2026 by CIO Jonathan S. Bauer
Sale price
$212.71 per share
Price for the 2,242 Progressive common shares sold
Direct holdings after sale
26,250.345 shares
Progressive common stock directly owned after the July 27, 2026 transaction
Indirect 401(k) holdings
122.674 shares
Common shares held indirectly through a 401(k) Plan after the reported sale
10b5-1 plan adoption date
August 21, 2025
Date Jonathan S. Bauer adopted the Rule 10b5-1 trading plan used for this sale
Key Terms
Rule 10b5-1 trading plan, open-market transaction, indirect ownership, 401(k) Plan
4 terms
Rule 10b5-1 trading plan regulatory
"transaction was made pursuant to a 10b5-1 trading plan adopted by the reporting person"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market transaction financial
"Sale in open market or private transaction"
An open-market transaction is a buy or sell of a company's shares or other securities conducted on a public exchange at the current market price, rather than through a private agreement. Investors watch these trades because they change the number of shares available and can move the price immediately—similar to how a large purchase at a busy store can raise demand and affect the checkout price—so such activity can signal market sentiment and alter ownership stakes.
indirect ownership financial
"total shares following transaction listed as indirect with nature of ownership 401(k) Plan"
401(k) Plan financial
"nature_of_ownership is described as 401(k) Plan for indirect holdings"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Progressive (PGR) report for July 27, 2026?
Progressive reported that CIO Jonathan S. Bauer sold 2,242 shares of common stock on July 27, 2026 at $212.71 per share in an open-market transaction executed under a pre-arranged Rule 10b5-1 trading plan.
What are Jonathan Bauer’s Progressive (PGR) holdings after the reported sale?
After the sale, Jonathan S. Bauer holds 26,250.345 Progressive common shares directly and an additional 122.674 shares indirectly through a 401(k) Plan, as disclosed in the Form 4 holding entries.
Was the Progressive (PGR) insider sale made under a Rule 10b5-1 trading plan?
Yes. The Form 4 states the transaction was made pursuant to a Rule 10b5-1 trading plan adopted by Jonathan S. Bauer on August 21, 2025, indicating the sale followed a pre-arranged trading schedule.
Does the Progressive (PGR) Form 4 show any derivative security transactions?
No derivative security transactions are listed in this Form 4. The filing reports only common stock activity and post-transaction holdings, with the derivative transaction count indicated as zero in the transaction summary.
How is Jonathan Bauer’s 401(k) ownership in Progressive (PGR) described?
The Form 4 reports 122.674 Progressive common shares held indirectly through a 401(k) Plan. These shares are classified as indirect ownership, separate from Bauer’s directly held common stock position.
AI-generated analysis. How Rhea-AI works. Not financial advice.
