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Kane Charles Francis reported acquisition or exercise transactions in this Form 4 filing.
Progress Software director Charles Francis Kane received an equity award rather than buying shares on the market. On the reported date, he was granted 5,857 restricted stock units as his fiscal 2026 equity retainer for serving on the board.
The units are payable in an equal number of common shares on the earlier of a change in control or the company’s 2027 annual stockholders’ meeting, if he continues as a director through that time. Following this grant, he directly holds 76,291 shares of Progress Software common stock.
KRALL DAVID reported acquisition or exercise transactions in this Form 4 filing.
Progress Software director David Krall received an equity award of 5,857 deferred stock units, reported as common stock equivalents at $38.42 per unit. The grant represents his fiscal 2026 equity retainer for board service and was issued under the company’s Director Compensation Plan and 2008 Stock Option and Incentive Plan.
The deferred stock units 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 on a one-for-one basis in common stock upon a change in control of the company or when he leaves the board. Following this grant, Krall’s directly held and reported common stock equivalents total 105,947 shares.
King Samskriti reported acquisition or exercise transactions in this Form 4 filing.
Progress Software director Samskriti King received an equity award of 5,857 deferred stock units of common stock at a reference price of $38.42 per unit as the fiscal 2026 equity retainer for board service. These units vest on the date of the Company’s 2027 Annual Meeting of Stockholders, subject to continued board service, and are payable one-for-one in common stock upon a change in control or when the director leaves the board. Following this award, King directly holds 51,116 shares/units linked to Progress Software common stock.
Gawlick Rainer reported acquisition or exercise transactions in this Form 4 filing.
Progress Software director Rainer Gawlick received a stock-based compensation grant. On July 2, 2026, he was awarded 5,857 deferred stock units of Progress Software common stock at a reference price of $38.42 per share, bringing his direct holdings to 61,401 shares.
The award represents his fiscal 2026 equity retainer for board service, issued under the company’s Director Compensation Plan and 2008 Stock Option and Incentive Plan. These deferred stock units vest at the company’s 2027 Annual Meeting of Stockholders and are settled one-for-one in common stock upon a change in control or when he leaves the board.
Progress Software director John R. Egan reported an equity grant of 5,857 restricted stock units of common stock. The award represents his fiscal year 2026 equity retainer for board service and was issued under Progress Software’s Director Compensation Plan and 2008 Stock Option and Incentive Plan.
The restricted stock units will convert into an equal number of common shares on the earlier of a change in control of the company or the date of the 2027 Annual Meeting of Stockholders, if he continues serving as a director through that time. After this grant, Egan directly holds 57,174 shares of Progress Software common stock.
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.
Progress Software reported stronger results for the quarter and six months ended May 31, 2026. Quarterly revenue rose to $253.5 million, up 7% year over year, driven mainly by a 36% increase in software license revenue to $69.0 million, while maintenance, SaaS, and services were roughly flat.
Net income for the quarter increased to $21.1 million from $17.0 million, with diluted EPS at $0.50. For the first six months, revenue reached $501.3 million and net income $43.9 million. Cash flow from operations was strong at $177.5 million, supporting $54.7 million of share repurchases.
The company redeemed its 2026 convertible notes in April using its revolving credit facility and cash, ending the period with $1.29 billion of total debt and $103.0 million of cash. Annualized recurring revenue was $868 million, up 2% year over year, while the net retention rate remained around 99–100%. Progress continues to incur legal and professional expenses related to the previously disclosed MOVEit vulnerability, partially offset by cybersecurity insurance recoveries.
Progress Software reported solid fiscal Q2 2026 results, with revenue of $253.5 million, up 7% year-over-year, driven by broad-based demand and AI-powered offerings. GAAP operating margin improved to 18%, while non-GAAP operating margin remained high at 40%.
GAAP diluted EPS rose to $0.50 from $0.39, a 28% increase, and non-GAAP diluted EPS climbed to $1.62 from $1.40, up 16%. Annualized Recurring Revenue reached $868 million, growing 2% year-over-year, with a net retention rate of 100% and cash from operations of $78.8 million, more than doubling versus last year.
On this backdrop, Progress modestly raised its full-year 2026 outlook, now guiding revenue to $990–$1,002 million and non-GAAP EPS to $6.09–$6.21, alongside strong projected cash generation and a continued focus on debt reduction and disciplined M&A.
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.