Form 4: Progress Software Corp Executive LoCoco Sells Shares Under 10b5-1 Plan

Domenic LoCoco, Chief Accounting Officer of Progress Software Corp, sold 1,000 shares of common stock at $56.24 per share on February 3, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Domenic LoCoco, the Chief Accounting Officer of Progress Software Corporation, reported a transaction involving the sale of 1,000 shares of common stock on February 3, 2025.
• The sale was executed at a price of $56.24 per share.
• This transaction was conducted under a Rule 10b5-1 trading plan adopted on July 29, 2024.
• Following the transaction, LoCoco beneficially owns 4,303 shares of Progress Software Corp.
• This includes 104 shares acquired through the Employee Stock Purchase Plan on December 31, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the transaction is a routine sale under a pre-arranged trading plan and doesn't necessarily indicate a change in the executive's outlook on the company.

Industry Context

Executive stock sales are a common occurrence and are often scrutinized by investors for insights into a company's prospects. Sales under 10b5-1 plans are generally viewed as less informative since they are pre-arranged.

Key Dates