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Midas Edge

PROGRESS SOFTWARE CORP /MA

For the period ended May 31, 2025. Filed Jun 30, 2025.

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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.

May 31, 2025 · Filed Jun 30, 2025

PRGS$43.50-2.4%Stored close · as of Nov 6, 2026

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Item 5. Other Information

(c) Insider Adoption or Termination of Trading Arrangements

During the second quarter of fiscal year 2025, 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 TitleCharacter of Trading Arrangement1Date AdoptedDuration2Aggregate Number of Shares of Common Stock to be Sold Pursuant to Trading Arrangement
Anthony Folger,EVP & Chief Financial OfficerRule 10b5-1Trading ArrangementApril 8, 2025February 28, 2026Up to 20,5703
Yogesh Gupta,President & Chief Executive OfficerRule 10b5-1Trading ArrangementMay 13, 2025August 15, 2026Up to 83,586
Domenic LoCoco ,SVP, Chief Accounting OfficerRule 10b5-1Trading ArrangementMay 12, 2025November 30, 2026Up to 6,0494

  1. 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").

  2. 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.

  3. Includes: (i) 6,529 shares of our common stock; (ii) all common stock, net of shares withheld to cover tax withholding obligations, to be issued upon the anticipated vesting of 8,041 Restricted Stock Units; and (iii) up to 6,000 shares of common stock, net of shares withheld to cover tax withholding obligations, to be issued upon the anticipated vesting of a maximum of 50,574 Performance Stock Units.

  4. Includes: (i) 1,195 shares of our common stock; and (ii) 4,854 employee stock options expected to be exercised via same-day sale.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.