Ainsworth John 4

4 · PROGRESS SOFTWARE CORP /MA · Filed Jan 26, 2026

AI-generated summary of this filing

Updated Jan 26, 2026

Progress Software (PRGS) EVP John Ainsworth Receives Equity Awards

What Happened

John Ainsworth, EVP & GM of Application & Data Platform at Progress Software (PRGS), received two equity awards on 2026-01-22: 31,510 restricted stock units (RSUs) and 13,334 stock options. Both are reported as derivative grants with an acquisition price of $0 on the Form 4 filed 2026-01-26.
The RSUs represent contingent rights to receive common shares (one RSU = one share) upon vesting. The options are stock-option grants; neither immediate cash nor share transfers occurred.

Key Details

Transaction date: January 22, 2026; Form 4 filed: January 26, 2026 (filed within the typical two-business-day window).
RSUs (31,510): Vest in six equal semiannual installments beginning October 1, 2026, subject to continued employment (per filing).
Stock options (13,334): Vest in eight equal semiannual installments beginning October 1, 2026, subject to continued employment (per filing).
Reported acquisition price: $0 (typical for RSU grants; option strike price not specified in the provided excerpt).
Shares owned after transaction: Not specified in the provided filing excerpts.
No 10b5-1 plan, tax-withholding, or late-filing flags indicated in the supplied information.

Context

RSU grants are deferred-equity awards that convert to shares if vesting conditions are met; they do not represent immediate purchases or sales. Stock options give the right to buy shares later, subject to vesting and any exercise price.
Grants like these are common components of executive compensation and reflect future potential ownership if vesting conditions are satisfied.

Form 4

Period: 2026-01-22

EVP/GM App & Data Platform

Transactions

Award
Restricted Stock Units
[F1][F2]
2026-01-22+13,334→ 13,334 total
→ Common Stock (13,334 underlying)
Award
Employee Stock Options (Right to buy)
[F3]
2026-01-22+31,510→ 31,510 total
Exercise: $42.75Exp: 2033-01-21→ Common Stock (31,510 underlying)

Footnotes (3)

[F1]Each restricted stock unit represents a contingent right to receive one share of Progress Software Corporation's (the "Company's") common stock.
[F2]Represents restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan (as amended and restated, the "Plan"). The restricted stock units vest in six equal semiannual installments beginning on October 1, 2026, subject to the continued employment of the Reporting Person with the Company.
[F3]Represents stock options granted to the Reporting Person pursuant to the Plan. The stock options vest in eight equal semiannual installments beginning on October 1, 2026, subject to the continued employment of the Reporting Person with the Company.

Signature

YuFan Stephanie Wang, Attorney-in-Fact|2026-01-26

1 file