Progress Software details planned Rule 144 share sale

Progress Software Corporation has filed a notice of proposed sale of restricted securities under Rule 144.

Rhea-AI Filing Summary

Progress Software Corporation has filed a notice of proposed sale of restricted securities under Rule 144. The filing covers the potential sale of 13,833 shares of common stock through Morgan Stanley Smith Barney LLC on NASDAQ, with an aggregate market value of $558,438.21. The filing cites 41,012,942 shares outstanding as context and indicates that the shares derive from Performance Stock Units and Restricted Stock Units originally issued by the company. A proposed sale date of July 29, 2026 is listed.

Key Figures

Shares proposed for sale: 13,833 shares Aggregate market value: $558,438.21 Shares outstanding: 41,012,942 shares +2 more

5 metrics

Shares proposed for sale 13,833 shares Common stock covered by Rule 144 notice

Aggregate market value $558,438.21 Value of 13,833 shares referenced in the notice

Shares outstanding 41,012,942 shares Common shares outstanding cited in the notice

Proposed sale date 07/29/2026 Planned date for Rule 144 share sale on NASDAQ

Security type Common Class of stock to be sold under Rule 144

Key Terms

Rule 144, Performance Stock Units, Restricted Stock Units, aggregate market value

4 terms

Rule 144 regulatory

"filed a notice of proposed sale of restricted securities under Rule 144"

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Performance Stock Units financial

"The shares derive from Performance Stock Units and Restricted Stock Units"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Restricted Stock Units financial

"The shares derive from Performance Stock Units and 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.

aggregate market value financial

"an aggregate market value of $558,438.21"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

FAQ

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

What does Progress Software (PRGS) disclose in this Form 144 filing?

Progress Software discloses a proposed Rule 144 sale of 13,833 common shares with an aggregate market value of $558,438.21, to be sold through Morgan Stanley Smith Barney LLC on NASDAQ.

How many Progress Software (PRGS) shares are proposed to be sold and at what value?

The filing covers a proposed sale of 13,833 shares of Progress Software common stock with an aggregate market value of $558,438.21, based on the market price information used in the notice.

What is the context for Progress Software (PRGS) shares outstanding in this Form 144?

The Form 144 lists 41,012,942 shares outstanding of Progress Software common stock, providing a reference baseline relative to the 13,833 shares that may be sold under Rule 144.

When is the proposed sale date for the Progress Software (PRGS) Rule 144 shares?

The notice indicates a proposed sale date of July 29, 2026 for the 13,833 common shares of Progress Software to be sold through Morgan Stanley Smith Barney LLC on NASDAQ.

What is the source of the Progress Software (PRGS) shares listed in this Form 144?

The shares covered by the filing originate from Performance Stock Units and Restricted Stock Units issued by Progress Software, which have resulted in 13,833 common shares eligible for resale under Rule 144.

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

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Available on EDGAR 07/29/2026 - 04:20 PM Accepted by SEC EDGAR 07/29/2026 - 04:19 PM Learn about SEC filing dates

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	0001750308
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	LOREN JARRETT
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	13833	558438.21	41012942	07/29/2026	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	10/01/2024	Performance Stock Units and Restricted Stock Units	Issuer			13833	10/01/2024	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	The securities to be sold were acquired upon the vesting of Performance Stock Units and Restricted Stock Units during the period of 10/01/2024 through 10/01/2025.
Date of Notice	07/29/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	01/24/2026
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/ Loren Jarrett
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)