FOLGER ANTHONY 4

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).