Filing Details

Accession Number:
0000876167-23-000010
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-01-19 17:45:59
Reporting Period:
2023-01-17
Accepted Time:
2023-01-19 17:45:59
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
876167 Progress Software Corp PRGS Services-Prepackaged Software (7372) 042746201
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1301277 K Yogesh Gupta C/O Progress Software Corporation
15 Wayside Road, Suite 400
Burlington MA 01803
Chief Executive Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2023-01-17 10,000 $53.66 20,000 No 4 S Indirect By Irrevocable Trust
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect By Irrevocable Trust
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 86,329 Direct
Footnotes
  1. This trade was effected pursuant to a Rule 10b5-1 trading plan adopted on November 15, 2021 by an irrevocable trust for the benefit of the Reporting Person's spouse (who is also trustee of the trust) and children.
  2. This transaction was executed in multiple trades at prices ranging from $53.240 to $53.920 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
  3. These shares are held in a trust for the benefit of the Reporting Person's spouse and children. The Reporting Person's spouse is trustee of the trust. The Reporting Person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report is not an admission that the Reporting Person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.