Progress Software (PRGS) grants EVP RSUs and stock options

Rhea-AI Filing Summary

Progress Software Corporation executive John Ainsworth, EVP/GM App & Data Platform, reported new equity awards. On January 22, 2026, he received 13,334 restricted stock units, each representing the right to one share of Progress 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, Ainsworth was also granted 31,510 employee stock options with an exercise price of $42.75 per share, expiring on January 21, 2033. These options vest in eight equal semiannual installments beginning on October 1, 2026, also conditioned on continued employment.

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^*

Ainsworth John

(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)
	EVP/GM App & Data Platform

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		13,334		(2)	(2)	Common Stock	13,334	$0	13,334	D
Employee Stock Options (Right to buy)	$42.75	01/22/2026		A		31,510		(3)	01/21/2033	Common Stock	31,510	$0	31,510	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 insider transaction did PRGS report for John Ainsworth?

The filing reports that John Ainsworth, EVP/GM App & Data Platform at Progress Software Corporation (PRGS), received new grants of restricted stock units and employee stock options on January 22, 2026.

How many PRGS restricted stock units were granted to John Ainsworth?

John Ainsworth was granted 13,334 restricted stock units, each representing a contingent right to receive one share of Progress Software common stock, subject to vesting conditions.

What are the vesting terms for the PRGS restricted stock units?

The 13,334 RSUs vest in six equal semiannual installments starting on October 1, 2026, provided John Ainsworth continues his employment with Progress Software.

How many PRGS stock options were granted and at what exercise price?

John Ainsworth received 31,510 employee stock options with an exercise price of $42.75 per share, giving him the right to buy Progress Software common stock at that price.

When do John Ainsworth’s PRGS stock options vest and expire?

The 31,510 stock options vest in eight equal semiannual installments beginning on October 1, 2026, and they expire on January 21, 2033, assuming continued employment.

Are the reported PRGS securities held directly or indirectly by John Ainsworth?

The filing shows the restricted stock units and stock options as held directly (D) by John Ainsworth, with no indirect ownership entity noted.