Jarrett Loren's Form 4 filing
Progress Software Corp (PRGS) · filed Feb 4, 2025
- Accession no.
- 0000876167-25-000038
- Filed
- Feb 4, 2025
- Trade date
- Feb 1-3, 2025
- Filing delay
- 3 days
- Rule 10b5-1 plan
- Checked
This filing lists 4 non-derivative transactions and 1 derivative transaction. Open-market sales total $560.2K. It was filed 3 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 |
|---|---|---|---|---|---|---|---|---|
| Feb 1, 2025 | Common Stock | MOption exerciseAcquired | +14,189 | $0.00F2 | $0 | 27,713 | Direct | |
| Feb 1, 2025 | Common Stock | FTax withholdingDisposed | −6,010 | $57.23 | −$343,952.3 | 21,703 | Direct | |
| Feb 3, 2025 | Common Stock | SSaleDisposed | −9,463 | $55.57F5 | −$525,858.91 | 12,240 | Direct | |
| Feb 3, 2025 | Common Stock | SSaleDisposed | −611 | $56.23F6 | −$34,356.53 | 11,629 | 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 |
|---|---|---|---|---|---|---|---|---|
| Feb 1, 2025 | Common Stock | MOption exerciseDisposed | −14,189 | $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
Restricted stock units convert into common stock on a one-for-one basis.
Referenced by the price of 1 transaction in Table I.
- F5
This transaction was executed in multiple trades at prices ranging from $55.20 to $56.12 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.
- F6
This transaction was executed in multiple trades at prices ranging from $56.20 to $56.24 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.