WANG YUFAN STEPHANIE 4

What Happened

• Stephanie (Wang Yufan) Stephanie, Chief Legal Officer of Progress Software Corporation (PRGS), received two awards on 2026-01-22 totaling 34,223 derivative units: 10,176 and 24,047. Both grants are recorded at $0.00 per share (award/grant classification). These awards consist of restricted stock units (RSUs) and stock options under the company’s equity plan and will vest over multiple semiannual installments beginning October 1, 2026.

Key Details

• Transaction date: 2026-01-22; Form 4 filed: 2026-01-26 (timely filing).
• Grants: 10,176 and 24,047 derivative securities; acquisition price reported as $0.00 (award/grant).
• Vesting: RSUs vest in six equal semiannual installments beginning Oct 1, 2026; stock options vest in eight equal semiannual installments beginning Oct 1, 2026 (per footnotes).
• Derivative explanation: RSUs represent a contingent right to receive one share each upon vesting; options give the right to purchase shares subject to vesting terms.
• Shares owned after transaction: not reported in the provided filing excerpt.
• No indication of a 10b5-1 plan, tax-withholding shares, or late filing in the supplied data.

Context

• These are award grants (not open-market purchases or sales). Grants are commonly used for compensation and retention and do not by themselves indicate an immediate buy/sell decision by the insider.
• For options, note that they confer the right to buy shares in the future if/when vested; they are not the same as immediately owned shares unless settled.