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[Form 4] Progress Software Corp (DE) Insider Trading Activity

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4
Rhea-AI Filing Summary

Valens Semiconductor Ltd. (VLN) – Form 144 insider sale notice

The filer, identified as “Chairman David” in the document header, plans to sell 4,000 ordinary shares through Oppenheimer & Co. on or after 23 Jul 2025 via the NYSE. At the referenced market value of $10,920, the implied price is about $2.73 per share. With 106.34 million shares outstanding, the proposed sale equals roughly 0.0038 % of the public float—an immaterial dilution impact.

The shares were obtained from two employee stock-option exercises: 19,876 units granted in 2019 and 122,568 units granted in 2021, both paid for in cash on exercise. No 10b5-1 plan date is disclosed.

During the last 3 months, the same insider has already disposed of 8,000 shares across three trades (25 Jun, 26 Jun and 3 Jul 2025) for total gross proceeds of $20,452.97. If the current notice is executed, cumulative sales will reach 12,000 shares (≈0.011 % of shares outstanding).

No additional financial data, earnings information or material corporate developments accompany the filing; it strictly serves as regulatory notice of a small insider disposition under Rule 144.

Valens Semiconductor Ltd. (VLN) – Avviso di vendita interna ai sensi della Form 144

Il dichiarante, identificato come “Chairman David” nell’intestazione del documento, prevede di vendere 4.000 azioni ordinarie tramite Oppenheimer & Co. a partire dal 23 luglio 2025 presso la NYSE. Al valore di mercato indicato di 10.920 $, il prezzo implicito è di circa 2,73 $ per azione. Con 106,34 milioni di azioni in circolazione, la vendita proposta rappresenta circa lo 0,0038% del flottante pubblico, un impatto di diluizione trascurabile.

Le azioni sono state ottenute da due esercizi di stock option per dipendenti: 19.876 unità concesse nel 2019 e 122.568 unità concesse nel 2021, entrambe pagate in contanti al momento dell’esercizio. Non è stata indicata alcuna data di piano 10b5-1.

Negli ultimi 3 mesi, lo stesso insider ha già venduto 8.000 azioni in tre operazioni (25 giugno, 26 giugno e 3 luglio 2025) per un ricavo lordo totale di 20.452,97 $. Se l’attuale vendita sarà eseguita, le vendite cumulative raggiungeranno 12.000 azioni (circa lo 0,011% delle azioni in circolazione).

Non sono stati forniti ulteriori dati finanziari, informazioni sugli utili o sviluppi societari rilevanti; l’avviso serve esclusivamente come comunicazione regolamentare di una piccola cessione interna ai sensi della Regola 144.

Valens Semiconductor Ltd. (VLN) – Aviso de venta interna Formulario 144

El declarante, identificado como “Chairman David” en el encabezado del documento, planea vender 4,000 acciones ordinarias a través de Oppenheimer & Co. a partir del 23 de julio de 2025 en la NYSE. Al valor de mercado referenciado de $10,920, el precio implícito es aproximadamente $2.73 por acción. Con 106.34 millones de acciones en circulación, la venta propuesta equivale a cerca del 0.0038% del flotante público, un impacto de dilución insignificante.

Las acciones fueron obtenidas de dos ejercicios de opciones sobre acciones para empleados: 19,876 unidades otorgadas en 2019 y 122,568 unidades otorgadas en 2021, ambas pagadas en efectivo al ejercerlas. No se revela fecha de plan 10b5-1.

En los últimos 3 meses, el mismo insider ya ha vendido 8,000 acciones en tres transacciones (25 de junio, 26 de junio y 3 de julio de 2025) por un total bruto de $20,452.97. Si se ejecuta el aviso actual, las ventas acumuladas alcanzarán 12,000 acciones (≈0.011 % de las acciones en circulación).

No se acompañan datos financieros adicionales, información de ganancias ni desarrollos corporativos materiales; el aviso sirve estrictamente como notificación regulatoria de una pequeña disposición interna bajo la Regla 144.

Valens Semiconductor Ltd. (VLN) – Form 144 내부자 매도 공지

문서 상단에 “Chairman David”로 식별된 신고자는 2025년 7월 23일 이후 NYSE를 통해 Oppenheimer & Co.를 통해 4,000 보통주를 매도할 계획입니다. 참고 시장 가치인 $10,920 기준으로 주당 약 $2.73의 가격이 산출됩니다. 총 1억 6,340만 주가 발행된 가운데, 이번 매도는 공모주 대비 약 0.0038%에 해당하는 미미한 희석 효과를 가집니다.

해당 주식은 2019년에 부여된 19,876주와 2021년에 부여된 122,568주의 두 차례 직원 스톡옵션 행사로 취득했으며, 행사 시 현금으로 지급되었습니다. 10b5-1 계획 날짜는 공개되지 않았습니다.

최근 3개월 동안 동일한 내부자는 이미 세 차례 거래(2025년 6월 25일, 6월 26일, 7월 3일)를 통해 8,000주를 처분해 총 매출액 $20,452.97을 기록했습니다. 이번 공지가 실행되면 누적 매도 주식은 12,000주(발행 주식의 약 0.011%)에 달합니다.

추가 재무 데이터, 수익 정보 또는 중요한 기업 개발 사항은 포함되어 있지 않으며, 규제상 소규모 내부자 매도 공지로서의 역할만 수행합니다.

Valens Semiconductor Ltd. (VLN) – Avis de vente d’initié Formulaire 144

Le déclarant, identifié comme « Chairman David » en en-tête du document, prévoit de vendre 4 000 actions ordinaires via Oppenheimer & Co. à partir du 23 juillet 2025 sur le NYSE. À la valeur de marché indiquée de 10 920 $, le prix implicite est d’environ 2,73 $ par action. Avec 106,34 millions d’actions en circulation, la vente proposée représente environ 0,0038 % du flottant public, un impact de dilution négligeable.

Les actions proviennent de deux exercices d’options d’achat d’actions pour employés : 19 876 unités attribuées en 2019 et 122 568 unités attribuées en 2021, toutes deux réglées en espèces lors de l’exercice. Aucune date de plan 10b5-1 n’est indiquée.

Au cours des 3 derniers mois, le même initié a déjà cédé 8 000 actions lors de trois transactions (25 juin, 26 juin et 3 juillet 2025) pour un produit brut total de 20 452,97 $. Si l’avis actuel est exécuté, les ventes cumulées atteindront 12 000 actions (≈0,011 % des actions en circulation).

Aucune donnée financière supplémentaire, information sur les résultats ou développement important de l’entreprise n’accompagne le dépôt ; il sert strictement d’avis réglementaire pour une petite cession d’initié selon la Règle 144.

Valens Semiconductor Ltd. (VLN) – Form 144 Insider-Verkaufsmitteilung

Der Melder, im Dokumentenkopf als „Chairman David“ bezeichnet, plant den Verkauf von 4.000 Stammaktien über Oppenheimer & Co. ab dem 23. Juli 2025 an der NYSE. Zum angegebenen Marktwert von 10.920 $ entspricht der implizite Preis etwa 2,73 $ pro Aktie. Bei 106,34 Millionen ausstehenden Aktien entspricht der geplante Verkauf etwa 0,0038 % des Streubesitzes – eine unerhebliche Verwässerung.

Die Aktien stammen aus zwei Mitarbeiteraktienoptionsausübungen: 19.876 Einheiten aus 2019 und 122.568 Einheiten aus 2021, beide bei Ausübung bar bezahlt. Ein 10b5-1 Plan-Datum wird nicht angegeben.

In den letzten 3 Monaten hat derselbe Insider bereits 8.000 Aktien in drei Transaktionen (25. Juni, 26. Juni und 3. Juli 2025) für Bruttoerlöse von 20.452,97 $ verkauft. Wird die aktuelle Mitteilung umgesetzt, erreichen die kumulierten Verkäufe 12.000 Aktien (≈0,011 % der ausstehenden Aktien).

Es sind keine weiteren Finanzdaten, Gewinninformationen oder wesentliche Unternehmensentwicklungen beigefügt; die Meldung dient ausschließlich als regulatorische Mitteilung über eine kleine Insider-Transaktion gemäß Regel 144.

Positive
  • None.
Negative
  • Continued insider selling: 8,000 shares sold in prior 3 months plus 4,000 planned may signal lukewarm insider sentiment.
  • No 10b5-1 plan disclosed, leaving execution timing to insider discretion, which can raise perception risk.

Insights

TL;DR: Small, routine insider sale—financially immaterial but worth monitoring for sentiment.

The proposed 4,000-share sale represents just 0.004 % of VLN’s float, adding negligible technical pressure. Coupled with the insider’s recent 8,000-share disposals, the pattern suggests modest profit-taking rather than a strategic exit. Lack of a disclosed 10b5-1 plan means timing discretion rests with the insider, yet volume remains far below thresholds that typically influence valuation. Net takeaway: neutral signal unless selling accelerates.

TL;DR: Filing shows compliance with Rule 144; governance risk minimal.

The notice adheres to SEC Rule 144 disclosure requirements, detailing acquisition sources, payment method, broker and share count. No undisclosed adverse information is asserted, and the insider affirms knowledge safeguards. Given the de minimis stake, investor concern should center on trend monitoring, not governance red flags.

Valens Semiconductor Ltd. (VLN) – Avviso di vendita interna ai sensi della Form 144

Il dichiarante, identificato come “Chairman David” nell’intestazione del documento, prevede di vendere 4.000 azioni ordinarie tramite Oppenheimer & Co. a partire dal 23 luglio 2025 presso la NYSE. Al valore di mercato indicato di 10.920 $, il prezzo implicito è di circa 2,73 $ per azione. Con 106,34 milioni di azioni in circolazione, la vendita proposta rappresenta circa lo 0,0038% del flottante pubblico, un impatto di diluizione trascurabile.

Le azioni sono state ottenute da due esercizi di stock option per dipendenti: 19.876 unità concesse nel 2019 e 122.568 unità concesse nel 2021, entrambe pagate in contanti al momento dell’esercizio. Non è stata indicata alcuna data di piano 10b5-1.

Negli ultimi 3 mesi, lo stesso insider ha già venduto 8.000 azioni in tre operazioni (25 giugno, 26 giugno e 3 luglio 2025) per un ricavo lordo totale di 20.452,97 $. Se l’attuale vendita sarà eseguita, le vendite cumulative raggiungeranno 12.000 azioni (circa lo 0,011% delle azioni in circolazione).

Non sono stati forniti ulteriori dati finanziari, informazioni sugli utili o sviluppi societari rilevanti; l’avviso serve esclusivamente come comunicazione regolamentare di una piccola cessione interna ai sensi della Regola 144.

Valens Semiconductor Ltd. (VLN) – Aviso de venta interna Formulario 144

El declarante, identificado como “Chairman David” en el encabezado del documento, planea vender 4,000 acciones ordinarias a través de Oppenheimer & Co. a partir del 23 de julio de 2025 en la NYSE. Al valor de mercado referenciado de $10,920, el precio implícito es aproximadamente $2.73 por acción. Con 106.34 millones de acciones en circulación, la venta propuesta equivale a cerca del 0.0038% del flotante público, un impacto de dilución insignificante.

Las acciones fueron obtenidas de dos ejercicios de opciones sobre acciones para empleados: 19,876 unidades otorgadas en 2019 y 122,568 unidades otorgadas en 2021, ambas pagadas en efectivo al ejercerlas. No se revela fecha de plan 10b5-1.

En los últimos 3 meses, el mismo insider ya ha vendido 8,000 acciones en tres transacciones (25 de junio, 26 de junio y 3 de julio de 2025) por un total bruto de $20,452.97. Si se ejecuta el aviso actual, las ventas acumuladas alcanzarán 12,000 acciones (≈0.011 % de las acciones en circulación).

No se acompañan datos financieros adicionales, información de ganancias ni desarrollos corporativos materiales; el aviso sirve estrictamente como notificación regulatoria de una pequeña disposición interna bajo la Regla 144.

Valens Semiconductor Ltd. (VLN) – Form 144 내부자 매도 공지

문서 상단에 “Chairman David”로 식별된 신고자는 2025년 7월 23일 이후 NYSE를 통해 Oppenheimer & Co.를 통해 4,000 보통주를 매도할 계획입니다. 참고 시장 가치인 $10,920 기준으로 주당 약 $2.73의 가격이 산출됩니다. 총 1억 6,340만 주가 발행된 가운데, 이번 매도는 공모주 대비 약 0.0038%에 해당하는 미미한 희석 효과를 가집니다.

해당 주식은 2019년에 부여된 19,876주와 2021년에 부여된 122,568주의 두 차례 직원 스톡옵션 행사로 취득했으며, 행사 시 현금으로 지급되었습니다. 10b5-1 계획 날짜는 공개되지 않았습니다.

최근 3개월 동안 동일한 내부자는 이미 세 차례 거래(2025년 6월 25일, 6월 26일, 7월 3일)를 통해 8,000주를 처분해 총 매출액 $20,452.97을 기록했습니다. 이번 공지가 실행되면 누적 매도 주식은 12,000주(발행 주식의 약 0.011%)에 달합니다.

추가 재무 데이터, 수익 정보 또는 중요한 기업 개발 사항은 포함되어 있지 않으며, 규제상 소규모 내부자 매도 공지로서의 역할만 수행합니다.

Valens Semiconductor Ltd. (VLN) – Avis de vente d’initié Formulaire 144

Le déclarant, identifié comme « Chairman David » en en-tête du document, prévoit de vendre 4 000 actions ordinaires via Oppenheimer & Co. à partir du 23 juillet 2025 sur le NYSE. À la valeur de marché indiquée de 10 920 $, le prix implicite est d’environ 2,73 $ par action. Avec 106,34 millions d’actions en circulation, la vente proposée représente environ 0,0038 % du flottant public, un impact de dilution négligeable.

Les actions proviennent de deux exercices d’options d’achat d’actions pour employés : 19 876 unités attribuées en 2019 et 122 568 unités attribuées en 2021, toutes deux réglées en espèces lors de l’exercice. Aucune date de plan 10b5-1 n’est indiquée.

Au cours des 3 derniers mois, le même initié a déjà cédé 8 000 actions lors de trois transactions (25 juin, 26 juin et 3 juillet 2025) pour un produit brut total de 20 452,97 $. Si l’avis actuel est exécuté, les ventes cumulées atteindront 12 000 actions (≈0,011 % des actions en circulation).

Aucune donnée financière supplémentaire, information sur les résultats ou développement important de l’entreprise n’accompagne le dépôt ; il sert strictement d’avis réglementaire pour une petite cession d’initié selon la Règle 144.

Valens Semiconductor Ltd. (VLN) – Form 144 Insider-Verkaufsmitteilung

Der Melder, im Dokumentenkopf als „Chairman David“ bezeichnet, plant den Verkauf von 4.000 Stammaktien über Oppenheimer & Co. ab dem 23. Juli 2025 an der NYSE. Zum angegebenen Marktwert von 10.920 $ entspricht der implizite Preis etwa 2,73 $ pro Aktie. Bei 106,34 Millionen ausstehenden Aktien entspricht der geplante Verkauf etwa 0,0038 % des Streubesitzes – eine unerhebliche Verwässerung.

Die Aktien stammen aus zwei Mitarbeiteraktienoptionsausübungen: 19.876 Einheiten aus 2019 und 122.568 Einheiten aus 2021, beide bei Ausübung bar bezahlt. Ein 10b5-1 Plan-Datum wird nicht angegeben.

In den letzten 3 Monaten hat derselbe Insider bereits 8.000 Aktien in drei Transaktionen (25. Juni, 26. Juni und 3. Juli 2025) für Bruttoerlöse von 20.452,97 $ verkauft. Wird die aktuelle Mitteilung umgesetzt, erreichen die kumulierten Verkäufe 12.000 Aktien (≈0,011 % der ausstehenden Aktien).

Es sind keine weiteren Finanzdaten, Gewinninformationen oder wesentliche Unternehmensentwicklungen beigefügt; die Meldung dient ausschließlich als regulatorische Mitteilung über eine kleine Insider-Transaktion gemäß Regel 144.

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).
1. Name and Address of Reporting Person*
Gupta Yogesh K

(Last) (First) (Middle)
C/O PROGRESS SOFTWARE CORPORATION
15 WAYSIDE ROAD, SUITE 400

(Street)
BURLINGTON MA 01803

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PROGRESS SOFTWARE CORP /MA [ PRGS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
07/23/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 Stock 07/23/2025 P 2,100 A $49.14 232,396 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:
Remarks:
YuFan Stephanie Wang, Attorney-in-Fact 07/24/2025
** 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.

FAQ

How many Valens Semiconductor (VLN) shares are being proposed for sale?

The Form 144 covers 4,000 ordinary shares.

What is the estimated market value of the proposed VLN sale?

The aggregate market value disclosed is $10,920 (≈$2.73 per share).

When can the insider begin selling these VLN shares?

The approximate sale date listed is 23 July 2025.

What percentage of Valens Semiconductor’s float does 4,000 shares represent?

Roughly 0.0038 % of the 106.34 million shares outstanding.

Were the shares acquired through an employee stock-option plan?

Yes. Options granted in 2019 (19,876 shares) and 2021 (122,568 shares) were exercised for cash.

Has the insider sold VLN shares recently?

Yes. Over the past three months, the filer sold 8,000 shares for about $20,453 in gross proceeds.
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