PRGS insider notice: 409 RSU shares to be sold for $18,883.53

Rhea-AI Filing Summary

Progress Software Corp (PRGS) filed a Form 144 notice indicating a proposed sale of 409 shares of common stock through Morgan Stanley Smith Barney LLC on 10/06/2025 on the NASDAQ. The filing states these shares were issued as Restricted Stock Units and were acquired on 10/01/2025. The filing reports an aggregate market value of $18,883.53 and shows 42,907,573 shares outstanding, and discloses no sales by the same person in the prior three months. The notice includes the standard representation that the seller is not aware of undisclosed material adverse information and follows Rule 144 disclosure requirements.

Positive

• Timely Rule 144 disclosure filed for the proposed sale, supporting regulatory compliance
• Brokered sale via Morgan Stanley Smith Barney indicates an orderly disposition channel
• Small position size (409 shares; $18,883.53) relative to 42,907,573 shares outstanding, suggesting limited market impact

Negative

• Immediate disposition after RSU vesting (acquired 10/01/2025, proposed sale 10/06/2025) could be interpreted as no long‑term hold commitment
• No additional context provided about the seller’s relationship to management or reason for sale, limiting investor insight

Insights

Insider Compliance Analyst

TL;DR: Routine Rule 144 disclosure for a small, post‑grant sale of RSUs.

The filing documents a proposed disposition of 409 shares acquired as Restricted Stock Units on 10/01/2025

The sale amount ($18,883.53) is immaterial relative to the issuer's 42,907,573 shares outstanding, reducing the likelihood of market impact. Key compliance points include use of a registered broker and the seller's attestation about undisclosed material information.

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	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	409	18883.53	42907573	10/06/2025	NASDAQ

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	10/01/2025	Restricted Stock Units	Issuer			409	10/01/2025	N/A

* 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

Nothing to Report

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

What did Progress Software (PRGS) report on Form 144?

The filing reports a proposed sale of 409 common shares on 10/06/2025 acquired as Restricted Stock Units on 10/01/2025.

How much is the proposed sale worth in the PRGS Form 144?

The aggregate market value is listed as $18,883.53.

Through which broker will the PRGS shares be sold?

The notice names Morgan Stanley Smith Barney LLC as the broker handling the transaction.

Does the filing show past sales by the same person for PRGS?

The filing states "Nothing to Report" for securities sold during the past three months.

On which exchange is the PRGS sale planned?

The proposed sale is planned on the NASDAQ.