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Progress Software completed the $875.0 million cash acquisition of ShareFile on October 31, 2024, funding the deal with $730.0 million of borrowings under its revolving credit facility and cash on hand. The Company preliminarily allocated $464.0 million to identifiable intangible assets and recorded $96.2 million of deferred revenue; ShareFile contributed $64.6 million and $194.1 million of revenue in the three and nine months ended August 31, 2025, respectively.
The Company had $620.0 million outstanding under its revolving credit facility as of August 31, 2025, with a reported interest rate of 6.32% and incurred $6.0 million of debt issuance costs in the quarter. Progress repurchased $65.1 million of stock in the first nine months of fiscal 2025 and on September 23, 2025 increased its repurchase authorization by $200.0 million to $242.2 million. The filing discloses ongoing costs and litigation related to the MOVEit Vulnerability, $15.0 million of cybersecurity insurance coverage originally (approximately $5.0 million remaining as of August 31, 2025), and that loss contingencies cannot yet be reasonably estimated.
Progress Software Corporation filed a current report to furnish information about its latest financial performance. On September 29, 2025, the company issued a press release announcing financial results for its fiscal third quarter ended August 31, 2025, which is attached as Exhibit 99.1. The company is also providing Q3 2025 supplemental data as Exhibit 99.2, which will be made available in the investor relations section of its website prior to a live conference call. Progress states that the information in Items 2.02 and 7.01, including Exhibits 99.1 and 99.2, is being furnished rather than filed, which affects how it is treated under securities law.
Progress Software director Rainer Gawlick purchased 1,710 shares of common stock at a weighted average price of $43.48 per share, with trade prices ranging $43.33–$43.51.
After this transaction the reporting person beneficially owns 55,544 shares. The filing states the purchase was executed in multiple trades and provides the weighted average purchase price; the reporting person offers to provide per-trade price details on request. The form identifies the reporting person as a director and was filed as an individual report.
Progress Software Corporation (PRGS) – Form 4 filing (09 July 2025): Chief Financial Officer Anthony Folger reported the sale of 5,529 shares of common stock on 08 July 2025 under a pre-existing Rule 10b5-1 trading plan adopted 08 April 2025.
- Tranche 1: 3,718 shares sold at a weighted-average price of $52.78 (actual prices $52.13-$53.11).
- Tranche 2: 1,811 shares sold at a weighted-average price of $53.36 (actual prices $53.22-$53.51).
Following the transactions, Folger’s direct beneficial ownership stands at 43,559 shares, which includes 495 shares acquired through the company’s Employee Stock Purchase Plan on 31 March 2025.
No derivative security activity was reported. The filing does not disclose any material company developments beyond the insider sale.