Insider Purchase Raises Gawlick's PRGS Stake to 55,544 Shares

Rhea-AI Filing Summary

Progress Software director Rainer Gawlick purchased 1,710 shares of common stock at a weighted average price of $43.48 per share, with trade prices ranging $43.33–$43.51.

After this transaction the reporting person beneficially owns 55,544 shares. The filing states the purchase was executed in multiple trades and provides the weighted average purchase price; the reporting person offers to provide per-trade price details on request. The form identifies the reporting person as a director and was filed as an individual report.

Positive

• Director purchase disclosed: Acquisition of 1,710 shares at a weighted average of $43.48 increases beneficial ownership to 55,544 shares
• Transparent pricing disclosure: Filing states per-trade prices ranged $43.33–$43.51 and offers to provide full trade-level details on request

Negative

• None.

Insights

Securities Analyst

Director purchased 1,710 PRGS shares for roughly $74k; transaction appears modest in scale.

This Form 4 discloses an open-market purchase of 1,710 shares at a weighted average price of $43.48, representing an aggregate transaction value of approximately $74,351. The director's beneficial ownership increased to 55,544 shares. The report notes multiple trades with prices between $43.33 and $43.51 and offers to provide per-trade prices on request. Given the absolute dollar value and share count disclosed, the transaction is factual and transparent but is relatively small in isolation and not, by itself, clearly material to company valuation.

Corporate Governance Expert

Insider disclosure shows a routine director purchase and clear weighted-average pricing; filing meets disclosure requirements.

The Form 4 identifies the reporting person as a director and documents the acquisition method (multiple trades) and the weighted average price ($43.48). It includes an explicit offer to provide detailed trade-level prices, which supports transparency. The form was executed via an attorney-in-fact per the signature block. From a governance and compliance standpoint, the filing contains the required elements: reporting person identity, transaction details, post-transaction beneficial ownership, and an explanation of price calculation.

Insider Trade Summary

Net Buyer: 1,710 shares ($74,351)

Net Buy 1 txn

Insider Gawlick Rainer

Role Director

Bought 1,710 shs ($74K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,710	$43.48	$74K

Holdings After Transaction: Common Stock — 55,544 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Gawlick Rainer

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

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	08/12/2025		P		1,710	A	$43.48(1)	55,544	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:

1. This transaction was executed in multiple trades at prices ranging from $43.33 to $43.51 per share. The price reported represents the weighted average purchase price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares purchased at each separate price.

Remarks:

	YuFan Stephanie Wang, Attorney-in-Fact	08/13/2025
	** 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

What did PRGS director Rainer Gawlick purchase?

1,710 shares of Progress Software common stock at a weighted average price of $43.48 per share.

How many PRGS shares does Gawlick own after the purchase?

55,544 shares of beneficial ownership following the reported transaction.

When and at what prices were the PRGS shares bought?

Transaction date: 08/12/2025; per-trade prices ranged from $43.33 to $43.51 with a weighted average of $43.48.

What was the approximate value of the purchase reported in the Form 4?

Approximately $74,351 (1,710 shares multiplied by the weighted average price of $43.48).

Who signed the Form 4 on behalf of the reporting person?

YuFan Stephanie Wang, Attorney-in-Fact signed the filing per the signature block.