Ainsworth John 4
4 · PROGRESS SOFTWARE CORP /MA · Filed Apr 3, 2026
Research Summary
AI-generated summary of this filing
Progress Software (PRGS) EVP John Ainsworth Receives RSU Shares
What Happened
- John Ainsworth, EVP & GM, Applications & Data Platform at Progress Software (PRGS), had restricted stock units convert into common stock on April 1, 2026. The filing shows conversion/acquisition of 4,044 shares (from RSUs) at $0.00 per share.
- To cover tax withholding obligations upon vesting, the company withheld/disposed 1,795 shares at $24.96 each (three withholding events): 519 shares ($12,954), 518 shares ($12,929) and 758 shares ($18,920), totaling $44,803. The net increase in Ainsworth’s holdings from these transactions is 2,249 shares (4,044 converted less 1,795 withheld).
- These transactions are routine vesting and tax-withholding events rather than open-market purchases or sales.
Key Details
- Transaction date: April 1, 2026. Form filed April 3, 2026 (timely).
- Transaction codes: M = derivative/RSU conversion (acquired 4,044 shares at $0.00); F = shares withheld to pay tax withholding (1,795 shares at $24.96).
- Shares withheld for taxes: 519, 518 and 758 (total 1,795) for $12,954; $12,929; and $18,920 respectively (total ~$44,803).
- Shares owned after transaction: not specified in the filing.
- Footnotes: RSUs convert one-for-one to common stock (F1). Withholdings relate to RSU grants dated Jan 19, 2023 (7,003 RSUs), Jan 18, 2024 (7,004 RSUs), and Jan 23, 2025 (10,255 RSUs) with multi-period vesting schedules (F2–F7).
Context
- This was an RSU vesting event with company share withholding to cover taxes — a common, administrative outcome and not an open-market sale or purchase signal. The conversion price is $0 because these were restricted stock units converting to common shares.
- Not a 10% owner transaction; no 10b5-1 plan or late filing indicated.
Insider Transaction Report
Form 4
Ainsworth John
EVP/GM App & Data Platform
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-01+1,168→ 57,043 total - Tax Payment
Common Stock
[F2]2026-04-01$24.96/sh−519$12,954→ 56,524 total - Exercise/Conversion
Common Stock
[F1]2026-04-01+1,167→ 57,691 total - Tax Payment
Common Stock
[F3]2026-04-01$24.96/sh−518$12,929→ 57,173 total - Exercise/Conversion
Common Stock
[F1]2026-04-01+1,709→ 58,882 total - Tax Payment
Common Stock
[F4]2026-04-01$24.96/sh−758$18,920→ 58,124 total - Exercise/Conversion
Restricted Stock Units
[F1][F5]2026-04-01−1,168→ 0 total→ Common Stock (1,168 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-04-01−1,167→ 2,336 total→ Common Stock (1,167 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F7]2026-04-01−1,709→ 6,837 total→ Common Stock (1,709 underlying)
Footnotes (7)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]Represents shares of common stock withheld by Progress Software Corporation (the "Company") to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 19, 2023.
- [F3]Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 18, 2024.
- [F4]Represents shares of common stock withheld by the Company to pay the tax withholding obligations of the Reporting Person upon the vesting of restricted stock units granted to the Reporting Person on January 23, 2025.
- [F5]On January 19, 2023, the Reporting Person was granted 7,003 restricted stock units 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 October 1, 2023, subject to the continued employment of the Reporting Person with the Company.
- [F6]On January 18, 2024, the Reporting Person was granted 7,004 restricted stock units pursuant to the Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2024, subject to the continued employment of the Reporting Person with the Company.
- [F7]On January 23, 2025, the Reporting Person was granted 10,255 restricted stock units pursuant to the Plan. The restricted stock units vest in six equal semiannual installments beginning October 1, 2025, subject to the continued employment of the Reporting Person with the Company.
Signature
YuFan Stephanie Wang, Attorney-in-Fact|2026-04-03