FOLGER ANTHONY 4
4 · PROGRESS SOFTWARE CORP /MA · Filed May 20, 2026
Research Summary
AI-generated summary of this filing
Progress Software (PRGS) CFO Anthony Folger Sells Shares
What Happened
Anthony Folger, Chief Financial Officer of Progress Software (PRGS), sold a total of 4,474 shares in open-market transactions on May 19, 2026, for aggregate proceeds of approximately $130,334. The sale is reported in two line items: 4,074 shares at a weighted average price of $29.05 ($118,350) and 400 shares at a weighted average price of $29.96 ($11,984). These were disposals (code S), not purchases.
Key Details
- Transaction date: May 19, 2026 (reported on Form 4 filed May 20, 2026) — filing appears timely.
- Reported sales: 4,074 shares @ $29.05 = $118,350; 400 shares @ $29.96 = $11,984; total ≈ $130,334.
- Footnotes: sale executed pursuant to a preexisting Rule 10b5-1 trading plan adopted Feb 4, 2026 (F1). Tranches were executed in multiple trades across price ranges: first tranche ranged $28.82–$29.59 (weighted avg $29.05) (F2); second tranche ranged $29.93–$30.03 (weighted avg $29.96) (F3). Reporting person offers to provide per-trade pricing upon request.
- Shares owned after the transaction: not disclosed in the provided filing excerpt — check the full Form 4 for post-transaction holdings.
- Transaction type: sale (routine disposition under 10b5-1 plan), not an acquisition or option exercise.
Context
Sales executed under a preexisting 10b5-1 plan are typically scheduled trades that insiders adopt to avoid timing questions; they do not necessarily indicate a change in the insider’s view of the company. For more detail (e.g., exact per-trade prices or post-sale holdings), consult the full Form 4 filing (Accession No. 0000876167-26-000069).
Insider Transaction Report
- Sale
Common Stock
[F1][F2]2026-05-19$29.05/sh−4,074$118,350→ 49,202 total - Sale
Common Stock
[F1][F3]2026-05-19$29.96/sh−400$11,984→ 48,802 total
Footnotes (3)
- [F1]The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the Reporting Person on February 4, 2026, prior to the recent volatility in the Company's stock price and in compliance with all applicable laws and regulations. The sale is reported on two rows due to being executed in multiple trades across a price range that exceeded $1.
- [F2]This tranche of the sale was executed in multiple trades at prices ranging from $28.82 to $29.59 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
- [F3]This tranche of the sale was executed in multiple trades at prices ranging from $29.93 to $30.03 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.