Progress Software: CFO Folger Anthony exercised 10,191 shares

What happened

• Folger Anthony, chief financial officer, exercised or converted derivatives into 10,191 shares on Oct 1, 2026 (2,464; 3,049; 4,678). The filing shows corresponding tax-withholding dispositions of 1,093 shares for $42,616, 1,353 shares for $52,753, and 2,075 shares for $80,904, for a total withheld of 4,521 shares and $176,273.
• The filing lists exercise/conversion entries at a $0.00 exercise price and withholding disposals at $38.99 per share.

Key details

• Transaction date: Oct 1, 2026. Filing date: Oct 5, 2026. Report period: Oct 1, 2026.
• Prices reported: $0.00 for the exercise/conversion entries; $38.99 per share for the tax-withholding dispositions.
• Shares acquired by conversion/exercise: 10,191 shares (2,464; 3,049; 4,678). Shares withheld/disposed to cover taxes: 4,521 shares (1,093; 1,353; 2,075).
• Shares owned after the transaction: not specified in the filing.
• Relevant footnotes: RSUs convert one-for-one into common stock (F1). The withheld shares were used to pay the reporting person’s tax withholding obligations for RSU vesting from grants on Jan 18, 2024 (F2/F5), Jan 23, 2025 (F3/F6), and Jan 22, 2026 (F4/F7).

Why it may matter

• The filing shows restricted stock units converted to common stock and that the company withheld shares to satisfy tax withholding, which is a form of cashless share withholding rather than an open-market sale of all converted shares.
• The filing does not show why the insider traded or why the company acted.