Progress Software insider sale: 409 shares at $46.20

Rhea-AI Filing Summary

Insider sale by a company officer recorded on a Form 4. Chief Information Officer Ian Pitt reported a sale of 409 shares of Progress Software Corporation (PRGS) on 10/06/2025 at a price of $46.2 per share. The filing states the sale was executed under a preexisting Rule 10b5-1 trading plan adopted on 7/24/2024, and the reporting person held 7,368 shares following the transaction. The document is a routine Section 16 disclosure that records the mechanics of the transaction and affirms compliance with applicable securities rules.

Positive

• Sale executed under a preexisting Rule 10b5-1 plan adopted on 7/24/2024
• Full disclosure of transaction details including price ($46.2), quantity (409 shares), and post-transaction ownership (7,368 shares)

Negative

• None.

Insights

Corporate Governance Analyst

Routine, compliant insider sale under a preexisting 10b5-1 plan.

The trade shows an officerized disposition of 409 shares at $46.2 on 10/06/2025, executed under a Rule 10b5-1 plan adopted on 7/24/2024. Using a trading plan provides an affirmative defense against accusations of trading on nonpublic information when the plan was established in good faith.

This filing is primarily a disclosure of mechanics rather than a signal about company fundamentals; key items to watch are any subsequent Form 4 filings that change the officer's aggregate holdings (7,368 shares now) or indicate different plan activity within the next few quarters.

Insider Trade Summary

Net Seller: 409 shares ($18,896)

Net Sell 1 txn

Insider Pitt Ian

Role Chief Information Officer

Sold 409 shs ($19K)

Type	Security	Shares	Price	Value
Sale	Common Stock	409	$46.20	$19K

Holdings After Transaction: Common Stock — 7,368 shares (Direct)

Footnotes (1)

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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).

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^*

Pitt Ian

(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 Information Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025

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	10/06/2025		S(1)		409	D	$46.2	7,368	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 July 24, 2024, prior to the recent volatility in the Company's stock price and in compliance with all applicable laws and regulations.

Remarks:

	YuFan Stephanie Wang, Attorney-in-Fact	10/07/2025
	** 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 insider transaction did PRGS Chief Information Officer report on 10/06/2025?

The CIO reported the sale of 409 shares on 10/06/2025 at $46.2 per share.

Was the PRGS insider sale executed under a trading plan?

Yes. The sale was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted on 7/24/2024.

How many PRGS shares did the reporting person own after the sale?

The reporting person beneficially owned 7,368 shares following the reported transaction.

Who filed the Form 4 for the PRGS transaction?

The Form 4 lists Ian Pitt as the reporting person and is signed by an attorney-in-fact, YuFan Stephanie Wang, on 10/07/2025.

Does the Form 4 state compliance with securities laws for the PRGS sale?

Yes. The filing expressly states the transaction was in compliance with all applicable laws and regulations.