Insider plans $1.49M share sale in issuer (NASDAQ: PRGS)

Rhea-AI Filing Summary

An insider for NASDAQ-listed issuer PRGS has filed a Rule 144 notice to sell up to 35,143 common shares through Morgan Stanley Smith Barney LLC, with an aggregate market value of $1,491,117.49. The filing notes that 42,113,648 shares of the issuer’s common stock were outstanding and lists an approximate sale date of January 26, 2026 on the NASDAQ exchange.

The shares to be sold were acquired over time through equity compensation and employee programs: 2,315 shares from restricted stock units on October 1, 2022, 14,617 shares from stock option exercises on January 26, 2026, 584 shares via an employee stock purchase plan on March 31, 2024, and 17,627 shares from performance stock units on February 1, 2024. By signing, the selling person represents they are not aware of any undisclosed material adverse information about the issuer’s current or prospective operations.

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	35143	1491117.49	42113648	01/26/2026	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	10/01/2022	Restricted Stock Units	Issuer			2315	10/01/2022	N/A
Common	01/26/2026	Exercise of Stock Options	Issuer			14617	01/26/2026	Cash
Common	03/31/2024	Employee Stock Purchase Plan	Issuer			584	03/31/2024	Cash
Common	02/01/2024	Performance Stock Units	Issuer			17627	02/01/2024	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

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

How many PRGS shares are covered by this Form 144 notice?

The Form 144 notice covers up to 35,143 common shares of PRGS proposed to be sold on the NASDAQ exchange.

What is the approximate market value of the PRGS shares to be sold?

The filing reports an aggregate market value of $1,491,117.49 for the 35,143 PRGS common shares to be sold.

When is the approximate sale date for the PRGS shares under this Form 144?

The approximate date of sale listed for the PRGS common shares is January 26, 2026.

How many PRGS shares were outstanding according to this notice?

According to the notice, there were 42,113,648 common shares of the issuer outstanding at the time referenced.

How were the PRGS shares in this Form 144 acquired?

The shares were acquired via restricted stock units on October 1, 2022, stock option exercises on January 26, 2026, an employee stock purchase plan on March 31, 2024, and performance stock units on February 1, 2024.

What representation does the selling person make in this PRGS Form 144?

By signing, the selling person represents that they do not know of any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.