Was the PRGS CFO’s share sale under a Rule 10b5-1 plan?

Yes. The sale was effected under a preexisting Rule 10b5-1 trading plan adopted on February 4, 2026. Such plans schedule trades in advance, helping demonstrate the transactions were arranged before later volatility in Progress Software’s stock price.

Progress Software (PRGS) CFO sells 4,474 shares under Rule 10b5-1 trading plan

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

Progress Software Chief Financial Officer Anthony Folger sold 4,474 shares of common stock in open-market transactions pursuant to a preexisting Rule 10b5-1 trading plan adopted on February 4, 2026. The sales on May 19, 2026 were executed in multiple trades, at weighted average prices of $29.05 and $29.96 per share across disclosed price ranges. Following these transactions, Folger directly holds 48,802 shares of Progress Software common stock.

Insider Trade Summary 10b5-1

Net Seller: 4,474 shares ($130,334)

Net Sell 2 txns

Insider FOLGER ANTHONY

Role Chief Financial Officer

Sold 4,474 shs ($130K)

Type	Security	Shares	Price	Value
Sale	Common Stock	4,074	$29.05	$118K
Sale	Common Stock	400	$29.96	$12K

Holdings After Transaction: Common Stock — 49,202 shares (Direct, null)

Footnotes (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 the Company'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. This tranche of the sale was executed in multiple trades at prices ranging from $28.82 to $29.59 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. This tranche of the sale was executed in multiple trades at prices ranging from $29.93 to $30.03 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

Total shares sold: 4,474 shares Shares sold tranche 1: 4,074 shares at $29.05/share Shares sold tranche 2: 400 shares at $29.96/share +4 more

7 metrics

Total shares sold 4,474 shares Open-market sales on May 19, 2026

Shares sold tranche 1 4,074 shares at $29.05/share Weighted average sale price, Common Stock

Shares sold tranche 2 400 shares at $29.96/share Weighted average sale price, Common Stock

Shares held after sales 48,802 shares Direct ownership following May 19, 2026 transactions

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

Price range tranche 1 $28.82–$29.59/share Multiple trades, first tranche

Price range tranche 2 $29.93–$30.03/share Multiple trades, second tranche

Key Terms

Rule 10b5-1 trading plan, weighted average sale price, open-market sale, Common Stock, +1 more

5 terms

Rule 10b5-1 trading plan regulatory

"The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the Reporting Person"

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 of these trades."

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Common Stock financial

"security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

multiple trades financial

"This tranche of the sale was executed in multiple trades at prices ranging"

Form 4 Insider Transactions: What Each Field Means →

05/20/2026 - 04:07 PM

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

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)
05/19/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/19/2026		S⁽¹⁾		4,074	D	$29.05⁽²⁾	49,202	D
Common Stock	05/19/2026		S⁽¹⁾		400	D	$29.96⁽³⁾	48,802	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

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 the Company'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 $28.82 to $29.59 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 $29.93 to $30.03 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	05/20/2026
	** 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)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did PRGS CFO Anthony Folger report?

Anthony Folger, CFO of Progress Software (PRGS), reported selling 4,474 shares of common stock in open-market transactions. The trades occurred on May 19, 2026 under a preexisting Rule 10b5-1 trading plan adopted earlier that year.

At what prices did the PRGS CFO sell his shares?

The CFO’s sales used weighted average prices of $29.05 and $29.96 per share. Individual trades occurred within ranges of $28.82–$29.59 and $29.93–$30.03, with full price breakdowns available on request to regulators, the issuer, or shareholders.

How many PRGS shares does the CFO hold after this Form 4?

After the reported sales, Progress Software CFO Anthony Folger directly holds 48,802 shares of common stock. This figure reflects his remaining direct ownership position immediately following the May 19, 2026 open-market transactions disclosed in the Form 4 filing.

How many PRGS shares in total were sold in this Form 4?

The Form 4 reports total sales of 4,474 Progress Software common shares across two tranches. One tranche covered 4,074 shares at a $29.05 weighted average price, and the other covered 400 shares at a $29.96 weighted average price in open-market trades.