Pitt Ian

Pitt Ian, Chief Information Officer at Progress Software (PRGS), has demonstrated a consistent selling bias in recent SEC Form 4 filings, with no recorded purchases across 27 transactions. Since early 2024, Pitt has executed multiple sales totaling $865,950.76, with the largest single disposal occurring on February 2, 2024, when $181,854.92 worth of PRGS shares were sold. This was followed by another significant sale of $142,549.06 on June 30, 2025, reinforcing a pattern of periodic divestment. Smaller but repeated transactions, such as the October 1, 2025, sales totaling $36,340.62 across three filings, suggest a structured approach to reducing holdings. The transactions are exclusively tied to PRGS, with no activity in other securities. While some filings reflect dispositions (code "S"), others denote transactions involving derivative securities (code "F"), though these also predominantly represent sales. The absence of any buy transactions—coupled with multiple awards (code "A") and option exercises (code "M") at zero reported value—indicates Pitt’s activity is driven by liquidation rather than accumulation. The most recent sale, on October 6, 2025, for $18,895.80, continues this trend, underscoring a sustained reduction in exposure to PRGS shares over the observed period.