Progress Software CFO sells shares under trading plan

The CFO's reported sales were made under a preexisting Rule 10b5-1 trading plan adopted February 4, 2026.

Rhea-AI Filing Summary

Progress Software Corporation (PRGS) Chief Financial Officer Anthony Folger reported two direct sales of common stock on October 16, 2026: 1,700 shares at a weighted average price of $40.09 per share and 1,367 shares at a weighted average price of $40.69 per share. The sales were made under a preexisting Rule 10b5-1 trading plan adopted February 4, 2026. Each tranche comprised multiple trades, and the reported prices are weighted averages.

Insider Trade Summary 10b5-1

Net Seller: 3,067 shares

Net Sell 2 txns

Insider FOLGER ANTHONY

Role Chief Financial Officer

Sold 3,067 shs ($124K)

Type	Security	Shares	Price	Value
Sale	Common Stock F1, F2	1,700	$40.09	$68K
Sale	Common Stock F1, F3	1,367	$40.69	$56K

Holdings After Transaction: Common Stock — 49,984 shares (Direct)

Footnotes (3)

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 stock price and in compliance with all applicable laws and regulations. The sale is reported on two rows due to being executed in multiple trades across a price range that exceeded $1.
2. F2. This tranche of the sale was executed in multiple trades at prices ranging from $39.55 to $40.54 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
3. F3. This tranche of the sale was executed in multiple trades at prices ranging from $40.56 to $40.86 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.

Key Figures

Shares sold, first tranche: 1,700 shares Weighted average sale price, first tranche: $40.09 per share Trade price range, first tranche: $39.55–$40.54 per share +4 more

7 metrics

Shares sold, first tranche 1,700 shares October 16, 2026

Weighted average sale price, first tranche $40.09 per share October 16, 2026

Trade price range, first tranche $39.55–$40.54 per share Multiple trades on October 16, 2026

Shares sold, second tranche 1,367 shares October 16, 2026

Weighted average sale price, second tranche $40.69 per share October 16, 2026

Trade price range, second tranche $40.56–$40.86 per share Multiple trades on October 16, 2026

Rule 10b5-1 plan adoption date February 4, 2026 Preexisting trading plan

Key Terms

Rule 10b5-1 trading plan, weighted average sale price

2 terms

Rule 10b5-1 trading plan regulatory

"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.

weighted average sale price financial

"The price reported represents the weighted average sale price"

FAQ

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

How many PRGS shares did Chief Financial Officer Anthony Folger sell?

On October 16, 2026, Anthony Folger reported selling 1,700 shares at a weighted average of $40.09 per share (trades ranged from $39.55 to $40.54) and 1,367 shares at a weighted average of $40.69 per share (range $40.56 to $40.86). The sales were under a plan adopted February 4, 2026.

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

Form 4 Insider Transactions: What Each Field Means →

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Available on EDGAR 10/20/2026 - 04:06 PM EDT Accepted by SEC EDGAR 10/20/2026 - 04:05 PM EDT 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)
10/16/2026

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	10/16/2026		S(1)		1,700	D	$40.09(2)	51,351	D
Common Stock	10/16/2026		S(1)		1,367	D	$40.69(3)	49,984	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 stock price and in compliance with all applicable laws and regulations. The sale is reported on two rows due to being executed in multiple trades across a price range that exceeded $1.

2. This tranche of the sale was executed in multiple trades at prices ranging from $39.55 to $40.54 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.

3. This tranche of the sale was executed in multiple trades at prices ranging from $40.56 to $40.86 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.

Remarks:

	YuFan Stephanie Wang, Attorney-in-Fact	10/20/2026
	** 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)