Progress Software director granted 5,857 stock units

DACIER PAUL T reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

DACIER PAUL T reported acquisition or exercise transactions in this Form 4 filing.

Progress Software director Paul T. Dacier received an equity award of 5,857 deferred stock units of common stock. The units were granted as his fiscal 2026 equity retainer under the company’s Director Compensation Plan at a reference price of $38.42 per share. The deferred stock units will vest on the date of the company’s 2027 Annual Meeting of Stockholders, as long as he continues serving on the board until then. They are payable one-for-one in common stock upon the earlier of a change in control of the company or when he leaves the board. Following this grant, Dacier directly holds 58,691 shares and deferred stock units in total.

Insider Trade Summary

Grant/Award: 5,857 shares

Grant/Award 1 txn

Insider DACIER PAUL T

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	5,857	$38.42	$225K

Holdings After Transaction: Common Stock — 58,691 shares (Direct)

Footnotes (1)

1. F1. Represents deferred stock units issued to the Reporting Person by Progress Software Corporation (the "Company") as the fiscal year 2026 equity retainer for the Reporting Person's services as a director of the Company during such period. These deferred stock units were issued in accordance with the Company's Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company or the date the Reporting Person terminates service on the board of directors of the Company (the "Board of Directors"). The deferred stock units will vest on the date of the Company's 2027 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the Board of Directors until such date.

Key Figures

Deferred stock units granted: 5,857 units Reference price per unit: $38.42 per share Holdings after transaction: 58,691 shares/units +1 more

4 metrics

Deferred stock units granted 5,857 units Fiscal 2026 equity retainer grant to director Paul T. Dacier

Reference price per unit $38.42 per share Reporting price for 5,857 deferred stock units

Holdings after transaction 58,691 shares/units Total direct holdings following the award

Vesting date 2027 Annual Meeting Units vest at Progress Software’s 2027 Annual Meeting of Stockholders

Key Terms

deferred stock units, Director Compensation Plan, 2008 Stock Option and Incentive Plan, change in control, +1 more

5 terms

deferred stock units financial

"Represents deferred stock units issued to the Reporting Person by Progress Software Corporation"

Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.

Director Compensation Plan financial

"issued in accordance with the Company's Director Compensation Plan pursuant to the Company's 2008 Stock Option"

2008 Stock Option and Incentive Plan financial

"Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan"

change in control financial

"payable on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company"

A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.

Annual Meeting of Stockholders financial

"The deferred stock units will vest on the date of the Company's 2027 Annual Meeting of Stockholders"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Progress Software (PRGS) director Paul T. Dacier report in this Form 4?

Director Paul T. Dacier reported receiving 5,857 deferred stock units of Progress Software common stock. The award represents his fiscal 2026 equity retainer for board service and increases his direct holdings to 58,691 shares and units after the transaction.

How many shares did Paul T. Dacier acquire in the latest PRGS insider filing?

Paul T. Dacier acquired 5,857 deferred stock units tied to Progress Software common stock. These units were granted as compensation for his 2026 board service, rather than purchased in the market, and are linked to a reference price of $38.42 per share.

When do Paul T. Dacier’s new Progress Software deferred stock units vest?

The 5,857 deferred stock units will vest on the date of Progress Software’s 2027 Annual Meeting of Stockholders. Vesting is contingent on Dacier’s continued service on the board of directors through that meeting date, according to the company’s equity compensation arrangements.

When will the new PRGS deferred stock units be settled into common stock?

The deferred stock units are payable one-for-one in Progress Software common stock. Settlement will occur on the earlier of a change in control of the company or the date Paul T. Dacier’s service on the board of directors ends, consistent with the plan terms.

What are Paul T. Dacier’s total Progress Software holdings after this Form 4 transaction?

After the grant of 5,857 deferred stock units, Paul T. Dacier holds 58,691 shares and deferred stock units of Progress Software common stock directly. This total reflects his position following the reported award and is disclosed as of the transaction date in the Form 4.

How was the reference value of the PRGS deferred stock unit award determined?

The filing lists a transaction price of $38.42 per share for the 5,857 deferred stock units. This amount functions as the grant’s reference price for reporting, even though the units are a compensation award and not an open-market purchase of Progress Software shares.

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

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Accepted by SEC EDGAR 07/06/2026 - 04:12 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).

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^*

DACIER PAUL T

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
07/02/2026

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	07/02/2026		A		5,857(1)	A	$38.42	58,691	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. Represents deferred stock units issued to the Reporting Person by Progress Software Corporation (the "Company") as the fiscal year 2026 equity retainer for the Reporting Person's services as a director of the Company during such period. These deferred stock units were issued in accordance with the Company's Director Compensation Plan pursuant to the Company's 2008 Stock Option and Incentive Plan and are payable on a one-for-one basis exclusively in common stock on the earlier of a change in control of the Company or the date the Reporting Person terminates service on the board of directors of the Company (the "Board of Directors"). The deferred stock units will vest on the date of the Company's 2027 Annual Meeting of Stockholders, subject to the Reporting Person's continued service on the Board of Directors until such date.

Remarks:

	Anthony Folger, Attorney-in-Fact	07/06/2026
	** 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)