Ainsworth John 4

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.