Progress Software (PRGS) EVP Jarrett Loren Sells Shares

What Happened
Jarrett Loren, Executive Vice President & General Manager, Digital Experience at Progress Software (PRGS), sold a total of 11,747 shares in open-market transactions on July 29, 2026. The filing reports two tranches: 9,963 shares at $41.63 ($414,760) and 1,784 shares at $41.49 ($74,018), for combined proceeds of roughly $488,778. These were sales (not purchases) and therefore are typically considered routine dispositions rather than bullish insider buys.

Key Details

• Transaction date: 2026-07-29 (reported on Form 4 filed 2026-07-30) — timely filing.
• Prices reported: $41.63 (9,963 sh) and $41.49 (1,784 sh). Filing footnote notes the tranche was executed in multiple trades at prices from $41.49 to $41.80; the reported price reflects a weighted average.
• Total shares sold: 11,747; total proceeds: ~$488,778.
• Shares owned after transaction: Not specified in the information provided in this summary (see the Form 4 for full holdings).
• Notable footnotes: F1 — sales were executed under a preexisting Rule 10b5-1 trading plan adopted Jan 24, 2026. F2 — tranche executed across multiple trade prices; detailed per-trade prices available on request per filing.
• Transaction code: S = Sale.

Context
A 10b5-1 plan indicates these sales were prearranged and executed according to a predetermined schedule, which reduces the likelihood that they were based on material non-public information. Sales by executives are common for diversification, tax, or liquidity reasons and do not necessarily signal a change in company outlook. For retail investors, purchases by insiders can be more informative than routine sales; this filing documents a routine, planned sale.