Progress Software (NASDAQ: PRGS) awards RSUs and stock options to CLO

Rhea-AI Filing Summary

Progress Software Corporation granted equity awards to its Chief Legal Officer, YuFan Stephanie Wang. On January 22, 2026, she received 10,176 restricted stock units, each representing a right to receive one share of common stock. These units vest in six equal semiannual installments starting on October 1, 2026, as long as she remains employed by the company.

On the same date, she was also granted 24,047 employee stock options with an exercise price of $42.75 per share. These options vest in eight equal semiannual installments beginning on October 1, 2026, also contingent on continued employment. Both awards are issued under Progress Software’s 2008 Stock Option and Incentive Plan.

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
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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^*

WANG YUFAN STEPHANIE

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/22/2026

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

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
Restricted Stock Units	(1)	01/22/2026		A		10,176		(2)	(2)	Common Stock	10,176	$0	10,176	D
Employee Stock Options (Right to buy)	$42.75	01/22/2026		A		24,047		(3)	01/21/2033	Common Stock	24,047	$0	24,047	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.

2. Represents restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan (as amended and restated, the "Plan"). The restricted stock units vest in six equal semiannual installments beginning on October 1, 2026, subject to the continued employment of the Reporting Person with the Company.

3. Represents stock options granted to the Reporting Person pursuant to the Plan. The stock options vest in eight equal semiannual installments beginning on October 1, 2026, subject to the continued employment of the Reporting Person with the Company.

Remarks:

	YuFan Stephanie Wang	01/26/2026
	** 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.

FAQ

What insider transaction did PRGS report for YuFan Stephanie Wang?

The filing reports that Chief Legal Officer YuFan Stephanie Wang received 10,176 restricted stock units and 24,047 stock options on January 22, 2026, as equity compensation.

How many restricted stock units were granted to the PRGS Chief Legal Officer?

YuFan Stephanie Wang was granted 10,176 restricted stock units, each representing a contingent right to receive one share of Progress Software common stock.

When do the PRGS restricted stock units granted on January 22, 2026 vest?

The 10,176 restricted stock units vest in six equal semiannual installments starting on October 1, 2026, subject to her continued employment with Progress Software.

What are the details of the stock options granted to the PRGS Chief Legal Officer?

She received 24,047 employee stock options with an exercise price of $42.75 per share, vesting in eight equal semiannual installments beginning on October 1, 2026, subject to continued employment.

Under which plan were the PRGS equity awards to the Chief Legal Officer granted?

Both the restricted stock units and stock options were granted under Progress Software’s 2008 Stock Option and Incentive Plan, as amended and restated.

Are the PRGS equity awards to the Chief Legal Officer directly owned?

Yes. The Form 4 shows the awards as directly owned by the reporting person, with no indirect ownership entity noted.