Progressive executive sells 8,452 shares in 10b5-1 plan

Progressive Corp officer Karen Bailo, Commercial Lines President, sold 8,452 common shares on July 27, 2026 at $212.71 per share, leaving 32,348.157 shares held directly.

Accepted by SEC EDGAR 07/28/2026 - 03:03 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Progressive Corp officer Karen Bailo, Commercial Lines President, sold 8,452 common shares on July 27, 2026 at $212.71 per share, leaving 32,348.157 shares held directly. The sale was made under a Rule 10b5-1 trading plan adopted on November 20, 2025.

Insider Trade Summary 10b5-1

Net Seller: 8,452 shares

Net Sell 1 txn

Insider Bailo Karen

Role Commercial Lines President

Sold 8,452 shs ($1.80M)

Share of Position Sold 20.7%

Type	Security	Shares	Price	Value
Sale	Common F1	8,452	$212.71	$1.80M

Holdings After Transaction: Common — 32,348.157 shares (Direct)

Holdings Before and After: Common, 40,800.157 to 32,348.157 shares (Direct)

Other Insiders: 4 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

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 November 20, 2025.

Key Figures

Shares sold: 8452 shares Sale price: $212.7100 per share Shares held after transaction: 32348.1570 shares +2 more

5 metrics

Shares sold 8452 shares Non-derivative sale on 2026-07-27

Sale price $212.7100 per share Reported transaction price per share

Shares held after transaction 32348.1570 shares Direct ownership following the sale

Reported sell transactions 1 transaction, 8452 shares transactionSummary sellCount and sellShares

Rule 10b5-1 plan adoption November 20, 2025 Adoption date cited in footnote F1

Key Terms

Rule 10b5-1 trading plan, open market or private transaction, Commercial Lines President

3 terms

Rule 10b5-1 trading plan regulatory

"This transaction ... was made pursuant to a 10b5-1 trading plan adopted"

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 or private transaction financial

"Transaction code description: Sale in open market or private transaction"

Commercial Lines President other

"Reporting person is an officer with title Commercial Lines President"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Progressive (PGR) report for Karen Bailo?

Progressive (PGR) reported that Karen Bailo, Commercial Lines President, sold 8,452 common shares on July 27, 2026 at $212.71 per share. After this transaction, she directly held 32,348.157 shares of Progressive common stock.

Was the recent PGR insider sale by Karen Bailo under a Rule 10b5-1 plan?

Yes. The filing states the transaction was made under a Rule 10b5-1 trading plan adopted by Karen Bailo on November 20, 2025. Such plans pre-schedule trades, reducing the informational value of the trade’s timing.

What price did Karen Bailo receive per share in the PGR stock sale?

Karen Bailo’s reported sale of Progressive (PGR) stock was executed at $212.71 per share. The Form 4 describes the transaction as a sale of common shares in an open market or private transaction at this reported price.

How many Progressive (PGR) shares does Karen Bailo hold after the sale?

Following the reported transaction, Karen Bailo directly holds 32,348.157 Progressive common shares. This figure reflects her post-transaction direct ownership as disclosed in the Form 4, after selling 8,452 shares on July 27, 2026.

What role does Karen Bailo hold at Progressive (PGR) in this Form 4 filing?

In the Form 4, Karen Bailo is identified as an officer of Progressive (PGR), serving as Commercial Lines President. The reported stock sale therefore represents trading activity by a senior executive of the company.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bailo Karen

(Last) (First) (Middle)

300 NORTH COMMONS BLVD.

(Street)

MAYFIELD VILLAGE OHIO 44143

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PROGRESSIVE CORP/OH/ [ PGR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Commercial Lines President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/27/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common	07/27/2026		S(1)		8,452	D	$212.71	32,348.157	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. This transaction reported on this Form 4 was made pursuant to a 10b5-1 trading plan adopted by the reporting person as of November 20, 2025.

	/s/ Allyson L. Bach, By Power of Attorney	07/28/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)