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Stephanie YuFan Wang, Chief Legal Officer of Progress Software Corporation (PRGS), reported multiple restricted stock unit vestings and related share withholdings on 10/01/2025 and a sale under a preexisting Rule 10b5-1 plan on 10/03/2025. Several RSU tranches vested, producing net share acquisitions and tax-withheld disposals at a price of $44.21 per withheld share. The Form 4 discloses a sale of 1,428 shares at $46.26 pursuant to the 10b5-1 plan. Following these reported transactions, the reporting person beneficially owns 6,006 shares of common stock (direct ownership).
Anthony Folger, Chief Financial Officer of Progress Software Corporation (PRGS), reported multiple transactions in Form 4 covering sales and vesting of restricted stock units. On 10/01/2025 and 10/03/2025 Mr. Folger had restricted stock units vest that converted into shares at no cash price and the company withheld shares to satisfy tax withholding obligations from prior grants. He sold 5,374 shares on 10/03/2025 under a preexisting Rule 10b5-1 plan at a weighted average price of $46.45 (trade prices ranged $46.08–$47.03), plus an additional 100 shares sold at $47.32. Following the reported transactions, his beneficial ownership is reported at 42,559 shares.
Form 144 filed for Progress Software Corp (PRGS) reports a proposed sale of 1,428 common shares, with an aggregate market value of $66,144.96, to be executed on 10/03/2025 on NASDAQ. The securities were acquired as Restricted Stock Units on 10/01/2025 from the issuer and the filing shows 42,907,573 shares outstanding for the company. The filer reports no securities sold in the past three months and includes the standard representation that the selling person does not possess undisclosed material adverse information.
Ian Pitt, Chief Information Officer of Progress Software Corporation (PRGS), reported multiple transactions on 10/01/2025 showing vesting and withholding related to restricted stock units. The filing shows three separate grants with vesting installments that produced 681, 666, and 739 restricted stock units (RSUs) that converted into common stock on a one-for-one basis. Some shares were withheld to satisfy tax-withholding obligations at prices shown as $44.21 per share for withheld lots. Following the reported transactions, the schedule lists changing beneficial ownership totals for the reporting person in the range of 6,926 to 8,068 shares depending on each line entry. The grants originate from awards dated January 19, 2023, January 18, 2024, and January 23, 2025, each vesting in six equal semiannual installments beginning on the respective October 1 start date.
John Ainsworth, EVP/GM, Application & Data Platform at Progress Software Corporation (PRGS), reported Section 16 transactions dated 10/01/2025. Several restricted stock unit installments vested and were converted into common stock on a one‑for‑one basis, resulting in multiple zero‑price stock issuances (codes M) of 1,167, 1,167 and 1,709 shares. To satisfy tax withholding on those vesting events, the company withheld and disposed of 518, 518 and 758 shares, each at a reported price of $44.21 (codes F). The reported total common stock beneficially owned following the reported transactions is shown as 50,983 shares. The filing explains the RSUs were granted in January 2023, January 2024 and January 2025 and vest in six equal semiannual installments beginning on specified October 1 start dates.
Domenic LoCoco, Chief Accounting Officer of Progress Software Corporation (PRGS), reported multiple transactions on 10/01/2025. Several restricted stock units (RSUs) vested and converted into common stock on a one-for-one basis at $0 conversion price, resulting in incremental share acquisitions. The company withheld shares to satisfy tax withholding obligations at an effective price of $44.21 per withheld share. Following the reported transactions, the Reporting Person directly beneficially owned 7,958 shares of common stock. The Form 4 is filed by one reporting person and was signed by an attorney-in-fact on 10/03/2025.
Progress Software executive Subramanian Sundar reported multiple transactions tied to the vesting of restricted stock units (RSUs) on 10/01/2025. Several RSU installments converted into common stock at no cash price, increasing his direct holdings through three vesting events to a total of 31,176 shares following the reported transactions. The filing also shows the Company withheld shares to satisfy tax-withholding obligations: 518 shares (from the 2023 grant), 518 shares (from the 2024 grant), and 758 shares (from the 2025 grant). Post-transaction derivative disclosures reflect vested RSUs underlying 1,167, 1,167, and 1,709 shares converted to common stock. The report identifies Mr. Sundar as EVP/GM, Infrastructure Mgmt, and indicates these are non-cash, routine compensation-related transactions under the Company’s equity plan.
Yogesh K. Gupta, who serves as Chief Executive Officer and a Director of Progress Software Corporation (PRGS), reported multiple restricted stock unit vestings and related share withholdings on 10/01/2025. Portions of three vesting installments converted to common stock (codes M) totaling 22,472 shares acquired for $0 as restricted stock unit settlements, and the company withheld 10,867 shares (codes F) to satisfy tax withholding at an effective price of $44.21 per share. After these transactions the reporting person beneficially owned 244,001 shares of common stock.
The filings show grants from prior years that vest semiannually: 40,849 RSUs granted on 1/19/2023, 44,095 RSUs on 1/18/2024, and 49,890 RSUs on 1/23/2025, each vesting in six equal semiannual installments beginning the October after grant. The transactions were filed by an attorney-in-fact on 10/03/2025.
Jarrett Loren, Executive Vice President and General Manager, Digital Experience at Progress Software Corporation (PRGS), reported multiple restricted stock unit vesting and related share-withholding transactions on 10/01/2025. Several tranches of RSUs vested and converted one-for-one into common stock, resulting in reported acquisitions of 1,167, 1,167 and 1,709 shares and contemporaneous share withholdings to satisfy tax obligations of 565, 565 and 827 shares at a price of $44.21.
The filing shows remaining unvested RSU award schedules: 7,003 units (granted 1/19/2023), 7,004 units (granted 1/18/2024) and 10,255 units (granted 1/23/2025), each vesting in six equal semiannual installments beginning on the indicated October 1 start dates. Post-transaction beneficial ownership counts are reported on the form per line items.
Progress Software Corporation filed an amended current report to correct a clerical error in its third-quarter 2025 financial supplemental data. The correction applies only to the amount labeled as SaaS revenue on slide 17 of the supplemental presentation previously furnished as an exhibit.
The company notes that the total revenue figure on that slide, as well as the SaaS revenue reported in its Form 10-Q for the quarter ended August 31, 2025, were already accurate and remain unchanged. A revised slide 17 is now provided as a new exhibit, and no other parts of the supplemental data or the earlier report have been modified.