Progress Software: EVP/GM John Ainsworth exercised 5,099 shares

What happened John Ainsworth, EVP/GM App & Data Platform, exercised or converted derivatives into a total of 5,099 shares on Oct 01, 2026 (1,168; 1,709; 2,222). The filing shows 2,263 shares were withheld to cover tax withholding at $38.99 per share, totaling $88,234, leaving a net 2,836 shares issued to Ainsworth.

Key details

• Transaction date: Oct 01, 2026. Exercise/conversion reported at $0.00 per share (derivative conversion); tax-withholding shares disposed at $38.99 per share.
• Shares acquired (gross): 5,099. Shares withheld for taxes (disposed): 2,263 for $88,234. Net shares issued to the reporting person: 2,836.
• Shares owned after the transaction: not stated in the filing.
• Relevant footnotes: F1 (restricted stock units convert one-for-one to common stock); F2–F4 (the withheld shares paid tax withholding on RSU vesting); F5–F7 (details of RSU grants and vesting schedules from Jan 18, 2024; Jan 23, 2025; Jan 22, 2026).
• Filing date: Oct 05, 2026. Filing timeliness not indicated in the report.

Why it may matter

• The filing shows conversion/exercise of derivatives (RSUs) with shares withheld to satisfy tax obligations, a net settlement (cashless) style transaction rather than an open-market sale.
• These were vested restricted stock units converting to common stock (not a cash purchase).
• This filing does not show why the insider traded or why the company acted.