Jarrett Loren's Form 4 filing
Progress Software Corp (PRGS) · filed Apr 24, 2023
- Accession no.
- 0000876167-23-000095
- Filed
- Apr 24, 2023
- Trade date
- Apr 20, 2023
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Checked
This filing lists 5 non-derivative transactions and 2 derivative transactions. Open-market sales total $2.60M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Jarrett LorenCIK 0001750308 | Officer (EVP/GM Digital Experience) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Apr 20, 2023 | Common Stock | MOption exerciseAcquired | +23,490 | $29.25 | +$687,082.5 | 42,718 | Direct | |
| Apr 20, 2023 | Common Stock | SSaleDisposed | −23,490 | $56.58F2 | −$1,329,064.2 | 19,228 | Direct | |
| Apr 20, 2023 | Common Stock | MOption exerciseAcquired | +13,271 | $50.69 | +$672,706.99 | 32,499 | Direct | |
| Apr 20, 2023 | Common Stock | SSaleDisposed | −13,271 | $56.57F3 | −$750,740.47 | 19,228 | Direct | |
| Apr 20, 2023 | Common Stock | SSaleDisposed | −9,267 | $56.57F4 | −$524,234.19 | 9,961 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Apr 20, 2023 | Common Stock | MOption exerciseDisposed | −23,490 | $0.00 | $0 | 0 | Direct | |
| Apr 20, 2023 | Common Stock | MOption exerciseDisposed | −13,271 | $0.00 | $0 | 0 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
This transaction was executed in multiple trades at prices ranging from $56.27 to $56.855 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.
Referenced by the price of 1 transaction in Table I.
- F3
This transaction was executed in multiple trades at prices ranging from $56.17 to $56.85 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.
Referenced by the price of 1 transaction in Table I.
- F4
This transaction was executed in multiple trades at prices ranging from $56.19 to $56.85 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.
Referenced by the price of 1 transaction in Table I.