FOLGER ANTHONY 4

What Happened
Anthony Folger, Chief Financial Officer of Progress Software Corporation (PRGS), received two equity awards on January 22, 2026: 28,071 restricted stock units (RSUs) and 66,335 stock options. Both grants were reported as awards (derivative transactions) at a $0.00 per-share acquisition price in the Form 4 filing. The awards themselves had no immediate cash purchase price reported; any future value depends on vesting and, for options, exercise and future stock price.

Key Details

• Transaction date: 2026-01-22; Form 4 filed 2026-01-26 (filed within the standard two business-day window).
• RSUs: 28,071 units; each RSU is a contingent right to one share (F1). Vesting: six equal semiannual installments beginning October 1, 2026 (F2).
• Stock options: 66,335 underlying shares (grant of options) with vesting in eight equal semiannual installments beginning October 1, 2026 (F3).
• Reported acquisition price for both awards: $0.00 (typical for grants).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• No indication of a 10b5-1 plan, tax withholding, cashless exercise, or that the filing was late.

Context
These entries are compensation awards, common for executives, and are different from open-market purchases or sales. RSUs represent a future right to receive shares if vesting conditions are met; options require exercise (and depend on strike price, not listed here). Such grants are routine executive compensation and do not by themselves signal an immediate bullish or bearish trading action.