Form 4: Progress Software Corp's Chief Legal Officer, Stephanie Wang, Reports Stock Sale
SEC Form 4 Filing
Stephanie Wang, Chief Legal Officer of Progress Software Corp, reports selling 779 shares of common stock at $50.67 per share on May 6, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- On May 6, 2024, Stephanie Wang, the Chief Legal Officer of Progress Software Corporation, sold 779 shares of common stock.
- The sale was executed at a price of $50.67 per share.
- The transaction was conducted under a Rule 10b5-1 trading plan adopted on February 5, 2024.
- Following the transaction, Ms. Wang directly owns 0 shares of Progress Software Corp.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by an officer. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Key Dates
| Date | Description |
|---|---|
| 02/05/2024 | Date of adoption of Rule 10b5-1 trading plan |
| 05/06/2024 | Date of stock sale transaction |
| 05/07/2024 | Date of Form 4 filing |
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