Ainsworth John, EVP/GM of the App & Data Platform at Progress Software (PRGS), has demonstrated a clear selling bias in his recent insider transactions, with $3.48 million in total sales outweighing $667,893 in purchases across 27 reported trades. His most significant sale occurred on May 14, 2024, when he disposed of shares worth $1.56 million—the largest single transaction in the dataset. The selling trend continued into 2026, with a $182,727 sale on February 1, marking his most recent disposal. While John has made periodic acquisitions through derivative transactions—including a $667,893 option exercise on July 28, 2025, and smaller purchases like $22,088-$27,438 lots in April 2024—these were consistently followed by larger sales.
All activity centers exclusively on PRGS, with no trades in other securities. The pattern shows John monetizing his position through a mix of open-market sales (coded "S") and dispositions following option exercises (coded "M"). Notably, his transactions cluster around quarterly intervals, with multiple filings on dates like April 1 and October 1 across years. The absence of any buys since mid-2025, coupled with the February 2026 sale, suggests a continued reduction in exposure despite his executive role. Derivative transactions, including awards (coded "A") and option exercises, appear to be a secondary channel for accumulating shares later sold in the open market.
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