Progress Software (PRGS) CFO sells 2,000 shares under 10b5-1 plan

Rhea-AI Filing Summary

PROGRESS SOFTWARE CORP (PRGS) reported that its Chief Financial Officer, Anthony Folger, sold 2,000 shares of common stock on August 14, 2026 at $44.80 per share in an open-market transaction. The sale was executed under a preexisting Rule 10b5-1 trading plan. Following the sale, he directly holds 47,381 shares of Progress Software common stock, which includes 579 shares acquired through the company’s Employee Stock Purchase Plan.

Insider Trade Summary 10b5-1

Net Seller: 2,000 shares

Net Sell 1 txn

Insider FOLGER ANTHONY

Role Chief Financial Officer

Sold 2,000 shs ($90K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	2,000	$44.80	$90K

Holdings After Transaction: Common Stock — 47,381 shares (Direct)

Footnotes (2)

1. F1. The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the Reporting Person on February 4, 2026, prior to the recent volatility in Progress Software Corporation's (the "Company") stock price and in compliance with all applicable laws and regulations.
2. F2. Includes 579 shares of the Company's common stock, par value $0.01 per share, acquired by the Reporting Person on March 31, 2026, through the Company's Employee Stock Purchase Plan.

Key Figures

Shares sold: 2,000 shares Sale price: $44.80 per share Shares held after transaction: 47,381 shares +1 more

4 metrics

Shares sold 2,000 shares Common stock sale by CFO on August 14, 2026

Sale price $44.80 per share Price for the 2,000 PRGS shares sold on August 14, 2026

Shares held after transaction 47,381 shares Direct PRGS common stock holdings of CFO following the sale

ESPP shares included 579 shares Shares acquired March 31, 2026 via Employee Stock Purchase Plan, included in post-sale total

Key Terms

Rule 10b5-1 trading plan, Employee Stock Purchase Plan, par value

3 terms

Rule 10b5-1 trading plan regulatory

"The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan"

A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.

Employee Stock Purchase Plan financial

"acquired by the Reporting Person on March 31, 2026, through the Company's Employee Stock Purchase Plan"

An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.

par value financial

"Includes 579 shares of the Company's common stock, par value $0.01 per share"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

FAQ

What insider transaction did PRGS disclose for CFO Anthony Folger?

Anthony Folger, CFO of PRGS, sold 2,000 shares of common stock at $44.80 per share on August 14, 2026. The transaction was reported as a sale in the open market and left him with a direct holding of 47,381 shares.

Was the August 14, 2026 PRGS insider sale under a Rule 10b5-1 plan?

Yes. The reported sale by PRGS CFO Anthony Folger was made under a preexisting Rule 10b5-1 trading plan. The plan was adopted on February 4, 2026 and is described as complying with all applicable laws and regulations.

How many PRGS shares does CFO Anthony Folger hold after the reported sale?

After the August 14, 2026 sale, PRGS CFO Anthony Folger directly holds 47,381 shares of the company’s common stock. This total includes 579 shares acquired on March 31, 2026 through Progress Software’s Employee Stock Purchase Plan.

What price did the PRGS CFO receive per share in the August 14, 2026 sale?

The PRGS CFO’s August 14, 2026 transaction reported a sale price of $44.80 per share for 2,000 shares of Progress Software common stock. The filing characterizes this as a sale in the open market or a private transaction.

What role does Anthony Folger hold at PRGS in this Form 4 filing?

In this Form 4, Anthony Folger is identified as the Chief Financial Officer of PRGS. He is not listed as a director or 10% owner, and the reported transaction reflects his activity as an executive officer of Progress Software.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/18/2026 - 04:07 PM Accepted by SEC EDGAR 08/18/2026 - 04:06 PM Learn about SEC filing dates

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).

X

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^*

FOLGER ANTHONY

(Last) (First) (Middle)

C/O PROGRESS SOFTWARE CORPORATION

15 WAYSIDE ROAD, SUITE 400

(Street)

BURLINGTON MASSACHUSETTS 01803

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PROGRESS SOFTWARE CORP /MA [ PRGS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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	08/14/2026		S(1)		2,000	D	$44.8	47,381(2)	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. The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the Reporting Person on February 4, 2026, prior to the recent volatility in Progress Software Corporation's (the "Company") stock price and in compliance with all applicable laws and regulations.

2. Includes 579 shares of the Company's common stock, par value $0.01 per share, acquired by the Reporting Person on March 31, 2026, through the Company's Employee Stock Purchase Plan.

Remarks:

	YuFan Stephanie Wang, Attorney-in-Fact	08/18/2026
	** 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.
* Form 4: SEC 1474 (03-26)