1 unchanged sentence
(c) Insider Adoption or Termination of Trading Arrangements
−Removed: During the first quarter of fiscal year 2025, none of our directors or officers informed us of the adoption or termination 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:
+Added: During the second quarter of fiscal year 2025, none of our directors or officers informed us of the adoption or termination 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 Arrangement 1
1 unchanged sentence
Aggregate Number of Shares of Common Stock to be Sold Pursuant to Trading Arrangement
−Removed: Loren Jarrett ,
−Removed: EVP & GM, Digital Experience
−Removed: Trading Arrangement February 7, 2025 February 28, 2026 Up to 35,877 3
−Removed: YuFan Stephanie Wang ,
−Removed: EVP & Chief Legal Officer
−Removed: Trading Arrangement January 23, 2025 October 31, 2025 Up to 5,135 4
+Added: Anthony Folger ,
+Added: EVP & Chief Financial Officer
+Added: Trading Arrangement April 8, 2025 February 28, 2026 Up to 20,570 3
+Added: Yogesh Gupta ,
+Added: President & Chief Executive Officer
+Added: Trading Arrangement May 13, 2025 August 15, 2026 Up to 83,586
+Added: Domenic LoCoco ,
+Added: SVP, Chief Accounting Officer
+Added: Trading Arrangement May 12, 2025 November 30, 2026 Up to 6,049 4
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 unchanged sentences
(i) 6,529 shares of our common stock;
+Added: (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;
+Added: 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.
+Added: (i) 1,195 shares of our common stock;
and (ii) 4,854 employee stock options expected to be exercised via same-day sale.
−Removed: Includes all common stock, net of shares withheld to cover tax withholding obligations, to be issued upon the anticipated vesting of 5,135 restricted stock units.
The following exhibits are filed or furnished as part of this Quarterly Report on Form 10-Q:
4 unchanged sentences
32.1* Certification Pursuant to Section 906 of the Sarbanes-Oxley Act
−Removed: 101* The following materials from Progress Software Corporation’s Quarterly Report on Form 10-Q for the three months ended February 28, 2025, formatted in iXBRL (Inline eXtensible Business Reporting Language):
−Removed: (i) Condensed Consolidated Balance Sheets as of February 28, 2025 and November 30, 2024;
−Removed: (ii) Condensed Consolidated Statements of Operations for the three months ended February 28, 2025 and February 29, 2024;
−Removed: (iii) Condensed Consolidated Statements of Comprehensive Income for the three months ended February 28, 2025 and February 29, 2024;
−Removed: (iv) Condensed Consolidated Statements of Stockholders' Equity for the three months ended February 28, 2025 and February 29, 2024;
−Removed: (v) Condensed Consolidated Statements of Cash Flows for the three months ended February 28, 2025 and February 29, 2024;
+Added: 101* The following materials from Progress Software Corporation’s Quarterly Report on Form 10-Q for the three months ended May 31, 2025, formatted in iXBRL (Inline eXtensible Business Reporting Language):
+Added: (i) Condensed Consolidated Balance Sheets as of May 31, 2025 and November 30, 2024;
+Added: (ii) Condensed Consolidated Statements of Operations for the three and six months ended May 31, 2025 and 2024;
+Added: (iii) Condensed Consolidated Statements of Comprehensive Income for the three and six months ended May 31, 2025 and 2024;
+Added: (iv) Condensed Consolidated Statements of Stockholders' Equity for the three and six months ended May 31, 2025 and 2024;
+Added: (v) Condensed Consolidated Statements of Cash Flows for the six months ended May 31, 2025 and 2024;
and (vi) Notes to Condensed Consolidated Financial Statements.
3 unchanged sentences
PROGRESS SOFTWARE CORPORATION
−Removed: March 31, 2025 /s/ YOGESH K.
+Added: June 30, 2025 /s/ YOGESH K.
President and Chief Executive Officer
(Principal Executive Officer)
−Removed: March 31, 2025 /s/ ANTHONY FOLGER
+Added: June 30, 2025 /s/ ANTHONY FOLGER
Anthony Folger
1 unchanged sentence
(Principal Financial Officer)
−Removed: March 31, 2025 /s/ DOMENIC LOCOCO
+Added: June 30, 2025 /s/ DOMENIC LOCOCO
Domenic LoCoco
2 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.