EVP Jarrett Loren sold 34,093 shares at $61.10 across 3 separate sales for $2.1M, reducing holdings 74.4%.
Jarrett Loren, EVP/GM Digital Experience, executed 3 separate open-market sales totaling 34,093 shares for $2,083,082.30 at a blended average price of $61.10 on 2025-05-09, reducing his holdings from 45,840 to 11,747 shares (a -74.4% reduction in stake). The sale price of $61.10 was 2.3% below the current price of $62.52 and 12.5% below the 52-week high of $69.89; the stock has appreciated 8.4% over the prior 30 days and 9.5% over 90 days. His prior 3 sales at PRGS (all on 2023-04-20) showed positive 30-day and 90-day returns, with a 0% well-timed rate at the 90-day mark across same-ticker history. The large proportional reduction in equity stake and multiple transaction structure warrant observation of subsequent company developments and stock price action relative to sector trends.