Progress Software (PRGS) CFO Anthony Folger Sells 2,000 Shares

What Happened
Anthony Folger, Chief Financial Officer of Progress Software Corporation (PRGS), sold 2,000 shares of company stock in an open-market transaction on August 14, 2026. The shares were sold at $44.80 each for total proceeds of $89,600. This was a sale (not a purchase), and it was executed under a preexisting Rule 10b5-1 trading plan.

Key Details

• Transaction date: August 14, 2026; Form 4 filed August 18, 2026 (timely — within the 2 business day window).
• Transaction type/code: Sale (S) — open market or private sale.
• Price and amount: 2,000 shares at $44.80 per share; proceeds $89,600.
• Shares owned after transaction: Not specified in this Form 4.
• Notable footnotes:
  • F1: Sale effected pursuant to a Rule 10b5-1 trading plan adopted Feb 4, 2026 (plan was in place prior to recent stock volatility).
  • F2: Filing notes the Reporting Person holds 579 shares acquired via the company Employee Stock Purchase Plan on March 31, 2026 (included in ownership disclosure).

Context
Sales made under preexisting 10b5-1 plans are typically scheduled transactions that comply with insider trading rules and are less indicative of an insider’s near-term view of the stock than ad hoc trades. For retail investors, purchases generally carry stronger signals than routine, preplanned sales; this filing documents a routine, planned sale by the CFO rather than an opportunistic or spontaneous trade.