PRGS affiliate files to sell 633 Restricted Stock Units

PRGS affiliate filed a Form 144 proposing the sale of 633 Restricted Stock Units on 04/01/2026.

Accepted by SEC EDGAR 04/06/2026 - 04:24 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

PRGS affiliate filed a Form 144 proposing the sale of 633 Restricted Stock Units on 04/01/2026. The notice lists the securities as Restricted Stock Units and cites an issuer-directed sale. The filing also records prior 10b5-1 sales of 898 common shares on 02/04/2026 with proceeds shown as $35,479.98.

Key Figures

Securities proposed for sale: 633 shares Proposed sale date: 04/01/2026 Prior sales reported: 898 shares +2 more

5 metrics

Securities proposed for sale 633 shares Restricted Stock Units to be sold on 04/01/2026

Proposed sale date 04/01/2026 Date listed for the 633 RSU sale

Prior sales reported 898 shares 10b5-1 sales by Ian Pitt on 02/04/2026

Proceeds shown $35,479.98 Associated with the 10b5-1 sales on 02/04/2026

Form type Form 144 Notice of Proposed Sale by Affiliate

Key Terms

Restricted Stock Units, 10b5-1 Sales, Form 144

3 terms

Restricted Stock Units financial

"Securities To Be Sold Common | 04/01/2026 | Restricted Stock Units"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

10b5-1 Sales regulatory

"10b5-1 Sales for IAN PITT ... Common | 02/04/2026 | 898"

10b5-1 sales are pre-arranged stock-trading plans that let company insiders automatically buy or sell shares according to a fixed schedule or formula, even if they later learn confidential information. Think of it as setting up an automatic thermostat for trades: it creates a clear, documented path that can protect insiders from insider-trading accusations and gives investors a signal about predictable insider activity—though it can also simply be a way for insiders to diversify or raise cash.

Form 144 regulatory

"Filer Information ... 144: Filer Information"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

FAQ

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

What does the PRGS Form 144 notice report?

The Form 144 reports a proposed sale of 633 Restricted Stock Units on 04/01/2026. It lists the transaction as an issuer-directed sale and also discloses prior 10b5-1 activity of 898 shares on 02/04/2026.

Who is identified as the broker or filer on the PRGS Form 144?

The filer is shown as Morgan Stanley Smith Barney LLC Executive Financial Services located at 1 New York Plaza, 8th Floor. The filing lists that broker as the submitting intermediary for the securities to be sold.

What prior sales are disclosed alongside the PRGS 633-RSU notice?

The filing discloses prior 10b5-1 sales by Ian Pitt of 898 common shares on 02/04/2026, with proceeds recorded as $35,479.98. Those sales are listed under "Securities Sold During The Past 3 Months."

Are the securities in the PRGS Form 144 registered or restricted?

The notice specifies the securities as Restricted Stock Units to be sold on 04/01/2026. The filing labels the instrument type directly; no separate registration statement details appear in the excerpt.

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

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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	0001878325
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PROGRESS SOFTWARE CORPORATION
SEC File Number	000-19417
Address of Issuer	15 Wayside Road, Suite 400 Burlington MASSACHUSETTS 01803
Phone	7812804000
Name of Person for Whose Account the Securities are To Be Sold	IAN PITT
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	Officer

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	633	16306.08	42078610	04/06/2026	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	04/01/2026	Restricted Stock Units	Issuer			633	04/01/2026	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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for IAN PITT 15 Wayside Road, Suite 400 Burlington MA 01803	Common	02/04/2026	898	35479.98

144: Remarks and Signature

Remarks
Date of Notice	04/06/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	10/30/2025
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	/s/ Ian Pitt
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)