Anthony Folger, Chief Financial Officer of Progress Software (PRGS), has demonstrated a consistent pattern of share disposals over recent years, with no recorded purchases in his most recent transactions. Since February 2025, Folger has executed multiple sales of PRGS stock, including a $283,000 transaction on February 3, 2025, followed by additional sales totaling over $1.1 million in the same month. His selling activity continued through 2025 and into early 2026, with notable dispositions of $206,737 and $33,276 on February 3, 2026, as well as a $395,841 transaction two days prior. In total, his sales since 2025 amount to over $5 million, significantly outweighing his historical buy volume of $551,075.
Folger’s transactions have been concentrated exclusively in PRGS, with no diversification across other securities. The sales appear methodical, often clustered around quarterly periods, such as the multiple dispositions in February 2025 and February 2026. While some filings reflect derivative transactions (coded "F" and "M"), the majority represent outright sales (coded "S"). The absence of recent buys suggests a sustained reduction in his equity position, though the reasons remain undisclosed in regulatory filings. His activity aligns with a broader trend of executives periodically liquidating holdings, whether for personal financial management, tax planning, or portfolio rebalancing.
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