PROGRESS SOFTWARE CORP MA
For the period ended Feb 29, 2024. Filed Apr 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Feb 29, 2024 · Filed Apr 8, 2024
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Item 5. Other Information
(c) Insider Adoption or Termination of Trading Arrangements
During the first quarter of fiscal year 2024, none of our directors or officers informed us of theadoption ortermination of a “Rule 10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as those terms are defined in Regulation S-K, Item 408, except as described in the table below:
| Name and Title | Character of Trading Arrangement1 | Date Adopted | Duration2 | Aggregate Number ofShares of CommonStock to be Sold Pursuant to Trading Arrangement |
|---|---|---|---|---|
| John Ainsworth,EVP & GM, Application and Data Platform | Rule 10b5-1Trading Arrangement | February 13, 2024 | August 13, 2024 | 30,631 |
| Loren Jarrett,EVP & GM, Digital Experience | Rule 10b5-1Trading Arrangement | February 6, 2024 | February 28, 2025 | 21,701 |
| Kathryn Kulikoski,EVP & Chief People Officer | Rule 10b5-1Trading Arrangement | February 14, 2024 | December 31, 2024 | 9,3683 |
| YuFan Stephanie Wang,EVP & Chief Legal Officer | Rule 10b5-1Trading Arrangement | February 5, 2024 | October 31, 2024 | Up to 4,0974 |
Except as indicated by footnote, each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” is intended to satisfy the affirmative defense of Rule 10b5-1(c), as amended (the “Rule”).
Except as indicated by footnote, each trading arrangement permits transactions through and including the earlier to occur of (a) the completion of all sales or (b) the date listed in the table. Each trading arrangement marked as a “Rule 10b5-1 Trading Arrangement” only permits transactions upon expiration of the applicable mandatory cooling-off period under the Rule.
Includes: (i)7,248 shares of our common stock; and (ii)2,120 employee stock options expected to be exercised via same-day sale.
Includes all common stock, net of shares withheld to cover tax withholding obligations, to be issued upon the anticipated vesting of 4,097 restricted stock units.
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