CFO Folger awarded RSUs and options at Progress Software (NASDAQ: PRGS)

Rhea-AI Filing Summary

Progress Software Corporation reported that its Chief Financial Officer, Anthony Folger, received new equity awards. On January 22, 2026, he was granted 28,071 restricted stock units, each representing the right to receive one share of Progress Software common stock. These RSUs vest in six equal semiannual installments starting on October 1, 2026, as long as he remains employed by the company.

On the same date, Folger was also granted 66,335 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 conditioned on his continued employment. Both awards are issued under the company’s 2008 Stock Option and Incentive Plan.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider FOLGER ANTHONY

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Units	28,071	$0.00	--
Grant/Award	Employee Stock Options (Right to buy)	66,335	$0.00	--

Holdings After Transaction: Restricted Stock Units — 28,071 shares (Direct); Employee Stock Options (Right to buy) — 66,335 shares (Direct)

Footnotes (1)

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

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^*

FOLGER ANTHONY

(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 Financial 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		28,071		(2)	(2)	Common Stock	28,071	$0	28,071	D
Employee Stock Options (Right to buy)	$42.75	01/22/2026		A		66,335		(3)	01/21/2033	Common Stock	66,335	$0	66,335	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, Attorney-in-Fact	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 equity awards did PRGS grant to CFO Anthony Folger?

Anthony Folger received 28,071 restricted stock units and 66,335 employee stock options of Progress Software common stock on January 22, 2026.

When do Anthony Folger’s new PRGS restricted stock units vest?

The 28,071 restricted stock units vest in six equal semiannual installments starting on October 1, 2026, subject to his continued employment.

What are the vesting terms of Anthony Folger’s new PRGS stock options?

The 66,335 stock options vest in eight equal semiannual installments beginning on October 1, 2026, as long as he remains employed by Progress Software.

What is the exercise price of Anthony Folger’s new PRGS stock options?

The employee stock options granted to Anthony Folger have an exercise price of $42.75 per share of Progress Software common stock.

Under which plan were Anthony Folger’s PRGS awards 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 Anthony Folger’s new PRGS equity awards subject to continued employment?

Yes. Vesting of both the restricted stock units and stock options is conditioned on Anthony Folger’s continued employment with Progress Software.