Gupta Yogesh K 4

What Happened
Yogesh K. Gupta, CEO of Progress Software Corporation (PRGS), received equity awards on January 22, 2026: 69,474 restricted stock units (RSUs) and 164,180 stock options were granted (transaction code A). The reported acquisition price is $0.00, reflecting a compensation grant rather than a cash purchase or sale.

Key Details

• Transaction date: 2026-01-22; Filing date (Form 4): 2026-01-26 (appears timely).
• Grants reported as derivative awards with acquisition price $0.00.
• RSUs: 69,474 units (each unit represents a contingent right to one share). Vesting: six equal semiannual installments beginning Oct 1, 2026, subject to continued employment.
• Stock options: 164,180 options. Vesting: eight equal semiannual installments beginning Oct 1, 2026, subject to continued employment. (No exercise/strike price provided in the excerpt.)
• Shares owned after the transaction: not specified in the provided excerpt.
• These are grant/compensation awards (neutral routine insider compensation), not open-market purchases or sales.

Context
RSUs are rights to receive shares in the future if vesting conditions are met; stock options give the right to buy shares later according to the option terms and vesting schedule. Neither award indicates an immediate sale or purchase of shares — they are compensation that vests over time and depends on continued employment.