# EDGAR Filing Document

**Accession Number:** 0001392972
**File Stem:** 0001193125-25-312044
**Filing Date:** 2025-12
**Character Count:** 147321
**Document Hash:** 9074e987fd27027a8b6002d78f15d4da
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-312044.hdr.sgml**: 20251209

**ACCESSION NUMBER**: 0001193125-25-312044

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 22

**CONFORMED PERIOD OF REPORT**: 20251208

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Termination of a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement

**ITEM INFORMATION**: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

**ITEM INFORMATION**: Material Modifications to Rights of Security Holders

**ITEM INFORMATION**: Changes in Control of Registrant

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251209

**DATE AS OF CHANGE**: 20251209

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROS Holdings, Inc.
- **CENTRAL INDEX KEY:** 0001392972
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 760168604
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-33554
- **FILM NUMBER:** 251557778

**BUSINESS ADDRESS:**
- **STREET 1:** 3200 KIRBY DR.
- **STREET 2:** SUITE 600
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098
- **BUSINESS PHONE:** 713-335-5151

**MAIL ADDRESS:**
- **STREET 1:** 3200 KIRBY DR.
- **STREET 2:** SUITE 600
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77098

?xml version='1.0' encoding='ASCII'? 8-K

### UNITED STATES

### SECURITIES AND EXCHANGE COMMISSION

#### WASHINGTON, D.C. 20549

### FORM 8-K

#### CURRENT REPORT

#### PURSUANT TO SECTION 13 OR 15(d)

#### OF THE SECURITIES EXCHANGE ACT OF 1934

#### Date of Report (Date of earliest event reported): December 8, 2025
![LOGO](g54162im001.jpg)

## PROS Holdings, Inc.

#### (Exact Name of Registrant as Specified in Charter)

#### Delaware

#### (State or Other Jurisdiction of Incorporation)

---

| | |
|:---|:---|
| **001-33554** | **76-0168604** |
| **(Commission**<br> **File Number)** | **(IRS Employer<br>Identification No.)** |
| **3200 Kirby Drive, Suite 600 Houston TX** | **77098** |
| **(Address of Principal Executive Offices)** | **(Zip Code)** |

---

#### Registrant's telephone number, including area code (713) 335-5151

#### (Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading**<br> **symbol(s)** | **Name of each exchange<br>on which registered** |
| Common stock $0.001 par value per share | PRO | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

#### Introductory Note
On September 22, 2025, PROS Holdings, Inc., a Delaware corporation (the "**Company**"), entered into an Agreement and Plan of Merger (the "**Merger Agreement**") with Portofino Parent, LLC, a Delaware limited liability company (as predecessor in interest to PROS Parent, Inc., a Delaware corporation) ("**Parent**"), and Portofino Merger Sub, Inc., a Delaware corporation and wholly owned direct subsidiary of Parent ("**Merger Subsidiary**"), pursuant to which Merger Subsidiary will merge with and into the Company (the "**Merger**"), with the Company surviving the Merger as a wholly owned direct subsidiary of Parent (the "**Surviving Corporation**"). Parent and Merger Subsidiary were formed by investment funds affiliated with Thoma Bravo, L.P. ("**TB**") to acquire all of the Company's outstanding shares of common stock, par value $0.001 per share (the "**Company Common Stock**"), for $23.25 per share, in cash, as described in more detail below. Capitalized terms used in this Current Report on Form 8-K but not otherwise defined herein have the meanings set forth in the Merger Agreement.

On December 9, 2025 (the "**Closing Date**"), upon the terms and subject to the conditions set forth in the Merger Agreement and in accordance with the applicable provisions of the General Corporation Law of the State of Delaware, the Merger was completed. At the effective time of the Merger (the "**Effective Time**"), the separate corporate existence of Merger Subsidiary ceased, and the Company survived the Merger as a wholly owned direct subsidiary of Parent.

---

| | |
|:---|:---|
| **Item 1.01.** | **Entry into a Material Definitive Agreement.**  |

---

On the Closing Date, the Company and Wilmington Trust, National Association, as trustee (the "**Trustee**"), entered into**:**

• the first supplemental indenture, dated as of the Closing Date (the "**2027 Notes First Supplemental Indenture** "), to the indenture, dated as of September 15, 2020, by and between the Company and the Trustee (the "**2027 Notes Base Indenture**" and, together with the 2027 Notes First Supplemental Indenture, the "**2027 Notes Indenture** "), relating to the Company's 2.250% Convertible Senior Notes due 2027 (the "**2027 Notes** "); and

• the first supplemental indenture, dated as of the Closing Date (the "**2030 Notes First Supplemental Indenture** "), to the indenture, dated as of June 24, 2025, by and between the Company and the Trustee (the "**2030 Notes Base Indenture**" and, together with the 2030 Notes First Supplemental Indenture, the "**2030 Notes Indenture** "), relating to the Company's 2.50% Convertible Senior Notes due 2030 (the "**2030 Notes**" and, together with the 2027 Notes, the "**Notes** ").

As a result of the Merger, and pursuant to the 2027 Notes First Supplemental Indenture and the 2030 Notes First Supplemental Indenture, from and after the Effective Time, the Notes are no longer convertible into shares of the Company Common Stock. Rather, the right to convert each $1,000 principal amount of the 2027 Notes or the 2030 Notes, as applicable, into shares of the Company Common Stock, has been changed to the right to convert such principal amount solely into a number of units of Reference Property (as defined in the 2027 Notes Indenture or 2030 Notes Indenture, as applicable (together, the "**Convertible Notes Indentures**")) in an aggregate amount equal to the Conversion Rate (as defined in the applicable Convertible Notes Indenture) of the 2027 Notes or 2030 Notes, as applicable, in effect on the applicable conversion date (subject to any adjustments pursuant to the applicable Convertible Notes Indenture), with each unit of Reference Property consisting of $23.25 in cash. The foregoing descriptions of the Convertible Notes Indentures and the transactions contemplated thereby are subject to and qualified in their entirety by reference to the full text of the Convertible Notes Indentures. A copy of the 2027 Notes Base Indenture was filed as Exhibit 4.1 to the Current Report on Form 8-K filed by the Company with the U.S. Securities and Exchange Commission (the "**SEC**") on September 16, 2025 and a copy of the 2030 Notes Base Indenture was filed as Exhibit 4.1 to the Current Report on Form 8-K filed by the Company with the SEC on June 25, 2025. Copies of the 2027 Notes First Supplemental Indenture and the 2030 Convertible Notes First Supplemental Indenture are filed as Exhibits 4.1 and 4.2, respectively, to this Current Report on Form 8-K and are incorporated by reference.

------

---

| | |
|:---|:---|
| **Item 1.02.** | **Termination of Material Definitive Agreement.**  |

---

The information set forth in the Introductory Note to this Current Report on Form 8-K (the "**Introductory Note**") is incorporated into this Item 1.02 by reference.

Effective as of the Closing Date, in accordance with the terms of the Merger Agreement, the Company terminated the Company's 2013 Employee Stock Purchase Plan, as amended, the Amended and Restated 2017 Equity Incentive Plan, as amended, and the 2021 Equity Inducement Plan, as amended.

In connection with the completion of the Merger, on December 8, 2025, the Company repaid in full all indebtedness, liabilities and other obligations outstanding under, and terminated, that certain Credit Agreement, dated as of July 21, 2023, by and among the Company, the guarantors, and Texas Capital Bank, as administrative agent.

---

| | |
|:---|:---|
| **Item 2.01.** | **Completion of Acquisition or Disposition of Assets.**  |

---

The information set forth in the Introductory Note and Items 3.03, 5.01, 5.02 and 5.03 of this Current Report on Form 8-K is incorporated into this Item 2.01 by reference.

At the Effective Time, each share of Company Common Stock outstanding as of immediately prior to the Effective Time (other than dissenting shares or any shares of Company Common Stock held by the Company as treasury stock or owned by Parent or any subsidiary of the Company or Parent (including Merger Subsidiary)) was cancelled and ceased to exist and was converted into the right to receive cash in an amount equal to $23.25 in cash, without interest (the "**Merger Consideration**").

Each Vested Company RSU outstanding as of immediately prior to the Effective Time was cancelled, and the former holder of such cancelled Vested Company RSU became entitled to receive for each share of Company Common Stock subject to such Vested Company RSU, an amount in cash, without interest and subject to deduction for any required withholding Tax, equal to the Merger Consideration. Parent will cause the Surviving Corporation to pay such Merger Consideration, without interest and subject to deduction for any required withholding Tax, on or promptly following the Closing Date to the former holder of the cancelled Vested Company RSU through its payroll system, payroll provider or accounts payable.

Each Unvested Company RSU that is outstanding as of immediately prior to the Effective Time was cancelled and converted into the contingent right to receive for each share of Company Common Stock subject to such Unvested Company RSU, an amount in cash, without interest and subject to deduction for any required withholding Tax, equal to the Merger Consideration (collectively, the "**Cash Replacement RSU Amounts**"). The right to receive the Cash Replacement RSU Amounts with respect to such Unvested Company RSUs remain subject to the same vesting, settlement and other terms and conditions as were applicable to the Unvested Company RSUs for which they were exchanged immediately prior to the Effective Time (except for terms that were rendered inoperative or which became inapplicable by reason of the Merger or the other Transactions or for such other administrative or ministerial changes as in the reasonable and good faith determination of Parent were appropriate to conform the administration of the Cash Replacement RSU Amounts). Subject to the holder's continued service with Parent and its Affiliates (including the Surviving Corporation and its Subsidiaries) through the applicable vesting dates or earlier satisfaction of the applicable vesting conditions for such Unvested Company RSUs, the right to receive the Cash Replacement RSU Amount will vest and Parent will cause the Surviving Corporation to pay such amounts to such holder on the applicable Settlement Date through its payroll system, payroll provider or accounts payable.

Each Company MSU that is an Earned Unit and is outstanding as of immediately prior to the Effective Time was cancelled and converted into the right to receive an amount in cash, without interest and subject to deduction for any required withholding Tax, equal to the product of (i) the Merger Consideration multiplied by (ii) the applicable number of shares of Company Common Stock subject to such Earned Units as of immediately prior to the Effective Time. With respect to each such Earned Unit that is an Accelerated Unit, Parent will cause the Surviving Corporation to pay the Merger Consideration for each such Accelerated Unit, without interest thereon and subject to deduction for any required withholding Tax, on or promptly following the Closing Date through its payroll system, payroll provider or accounts payable. With respect to each such Earned Unit that is a Vested Earned Unit that has a Settlement Date that follows the Closing Date, Parent will cause the Surviving Corporation to pay the Merger Consideration for each such Vested Earned Unit, without interest and subject to deduction for any required withholding Tax to such holder on its applicable Settlement Date through its payroll system, payroll provider or accounts payable. The right to receive

------

the Merger Consideration with respect to any Earned Units that were Unvested Earned Units outstanding as of immediately prior to the Effective Time (such consideration, the "**Cash Replacement MSU Amounts**") will otherwise remain subject to the same vesting, settlement and other terms and conditions as were applicable to such Unvested Earned Units for which they were exchanged immediately prior to the Effective Time (except for terms rendered inoperative or which become inapplicable by reason of the Merger or the other Transactions or for such other administrative or ministerial changes as in the reasonable and good faith determination of Parent are appropriate to conform the administration of the Cash Replacement MSU Amounts). Subject to the holder's continued service with Parent and its Affiliates (including the Surviving Corporation and its Subsidiaries) through the applicable Settlement Date for the Cash Replacement MSU Amounts, the right to receive the Cash Replacement MSU Amount will vest and Parent will cause the Surviving Corporation to pay for the Cash Replacement MSU Amounts to such holder on the applicable Settlement Date through its payroll system, payroll provider or accounts payable. At the Effective Time, each Company MSU that was not an Earned Unit as of immediately prior to the Effective Time was cancelled without payment of any consideration.

The definitive proxy statement filed by the Company with the SEC on November 3, 2025, and the supplemental disclosure to such proxy statement filed by the Company with the SEC on November 26, 2025, contain additional information about the Merger and the other transactions contemplated by the Merger Agreement, including information concerning the interests of directors, executive officers and affiliates of the Company in the Merger.

The foregoing description of the Merger Agreement and the Merger is not complete and is subject to and qualified in its entirety by reference to the full text of the Merger Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K, and is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 2.04.** | **Triggering Events that Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement.**  |

---

Under the Convertible Notes Indentures, the consummation of the Merger constitutes a Fundamental Change and a Make-Whole Fundamental Change (each as defined in the applicable Convertible Notes Indenture).

As a result of the Fundamental Change, at any time until 5:00 p.m., New York City time, on January 7, 2026 (the "**Make-Whole Fundamental Change Period**"), holders of the 2027 Notes and the 2030 Notes have the right (the "**Fundamental Change Purchase Right**") to require the Company to purchase for cash (a) all of such holder's 2027 Notes or 2030 Notes, as applicable, or (b) any portion of the principal amount thereof that is equal to $1,000 or an integral multiple of $1,000 in excess thereof, in each case, on January 8, 2026 (the "**Fundamental Change Purchase Date**"), at a purchase price equal to 100% of the principal amount of the 2027 Notes or 2030 Notes to be purchased, plus accrued and unpaid interest thereon, if any, to, but excluding, the Fundamental Change Purchase Date.

Notwithstanding the Fundamental Change Purchase Right, the Notes are convertible, at the option of the holder, during the Make Whole Fundamental Change Period. Pursuant to the terms of the Convertible Notes Indentures, as supplemented by the 2027 Notes First Supplemental Indenture and the 2030 Notes First Supplemental Indenture, as applicable, the consideration due upon conversion of each $1,000 principal amount of Notes shall be solely an amount of cash equal to the product of (a) the Conversion Rate multiplied by (b) the number of shares of Company Common Stock that a holder of the Notes would have received under the conversion rate in effect immediately prior to the Merger.

The Conversion Rate for the 2027 Notes in effect immediately prior to the Merger, taking into account all adjustments, is 23.9137 shares of Company Common Stock per $1,000 principal amount of 2027 Notes. As a result, holders of the 2027 Notes will be entitled to receive $555.99 per $1,000 principal amount of 2027 Notes validly surrendered for conversion. The Conversion Rate for the 2030 Notes in effect immediately prior to the Merger, taking into account all adjustments, was 48.8293 shares of Company Common Stock per $1,000 principal amount of 2030 Notes. As the price of Company Common Stock for the 2030 Notes was $23.25 per share the immediately prior to the Merger, 7.4230 additional shares shall be added to the Conversion Rate of 48.8293 shares of Company Common Stock pursuant to the 2030 Notes Indenture, for a total Conversion Rate of 56.2523 shares of Company Common Stock per $1,000 principal amount of 2030 Notes. As a result, holders of the 2030 Notes will be entitled to receive $1,307.87 per $1,000 principal amount of 2030 Notes validly surrendered for conversion during the Make-Whole Fundamental Change Period.

------

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| | |
|:---|:---|
| **Item 3.01.** | **Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.**  |

---

The information set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 3.01.

On the Closing Date, the Company notified the New York Stock Exchange (the "**NYSE**") of the consummation of the Merger and requested that the NYSE file with the SEC a Form 25 Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "**Exchange Act**"), to delist the shares of the Company Common Stock from the NYSE and deregister the Company Common Stock under Section 12(b) of the Exchange Act. Upon effectiveness of the Form 25, the Company intends to file with the SEC a Certification and Notice of Termination on Form 15 to deregister the Company Common Stock and suspend the Company's reporting obligations under Sections 13 and 15(d) of the Exchange Act. Trading of the Company Common Stock on the NYSE was halted prior to the opening of trading on the Closing Date.

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| | |
|:---|:---|
| **Item 3.03.** | **Material Modification to Rights of Security Holders.**  |

---

The information set forth in the Introductory Note and Items 1.02, 2.01, 3.01, 5.01 and 5.03 of this Current Report on Form 8-K is incorporated herein by reference into this Item 3.03.

As a result of the Merger, each share of Company Common Stock that was issued and outstanding immediately prior to the Effective Time (except as described in Item 2.01 of this Current Report on Form 8-K) was cancelled and converted automatically, at the Effective Time, into the right to receive the Merger Consideration. Accordingly, at the Effective Time, the holders of such shares of Company Common Stock ceased to have any rights as stockholders of the Company, other than the right to receive the Merger Consideration.

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| | |
|:---|:---|
| **Item 5.01** | **Change in Control of Registrant.**  |

---

The information set forth in the Introductory Note and Items 2.01, 3.01, 3.03 and 5.03 of this Current Report on Form 8-K is incorporated herein by reference into this Item 5.01.

As a result of the Merger, at the Effective Time, a change in control of the Company occurred and the Company became a wholly owned direct subsidiary of Parent. In connection with the Merger, the aggregate purchase price paid for all outstanding Company Common Stock (except as described in Item 2.01 of this Current Report on Form 8-K) was approximately $1.13 billion. The funds used to complete the Merger and the transactions contemplated thereby were provided by equity contributions from funds managed by TB, as well as third-party debt financing.

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| | |
|:---|:---|
| **Item 5.02.** | **Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**  |

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The information set forth in the Introductory Note and Items 1.02 and 2.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 5.02.

In connection with the Merger, as of the Effective Time, Jennifer Biry, Jeff Cotten, Raja Hammoud, Leland T. Jourdan, Catherine A. Lesjak, Katie May, Greg B. Petersen, William Russell, John Strosahl and Timothy V. Williams each resigned from the board of directors of the Company and from any and all committees thereof on which they served and ceased to be directors of the Company. At the Effective Time, in accordance with the terms of the Merger Agreement, (i) the following persons became the directors of the Surviving Corporation: Jeff Cotten, Stefan Schulz and Damian Olthoff and (ii) the officers of the Company immediately prior to the Effective Time became the officers of the Surviving Corporation.

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| | |
|:---|:---|
| **Item 5.03.** | **Amendments to Articles of Incorporation or By-Laws; Change in Fiscal Year.**  |

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The information set forth in the Introductory Note and Item 2.01 of this Current Report on Form 8-K is incorporated by reference into this Item 5.03.

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Pursuant to the Merger Agreement, at the Effective Time, the Company's certificate of incorporation and bylaws were amended and restated in their entirety. Copies of the amended and restated certificate of incorporation and the amended and restated bylaws are filed as Exhibit 3.1 and Exhibit 3.2, respectively, to this Current Report on Form 8-K and are incorporated herein by reference.

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| | |
|:---|:---|
| **Item 7.01.** | **Regulation FD Disclosure.**  |

---

On December 9, 2025, the Company provided holders of the 2027 Notes and the 2030 Notes with notices of Supplemental Indenture, Fundamental Change, Make-Whole Fundamental Change, Fundamental Change Company Notice, Repurchase Right and Payment Upon Conversion. A copy of each notice is attached hereto as Exhibit 99.1 and 99.2, respectively.

The information included in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed to be filed for the purposes of Section 18 of the Exchange Act, or something subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

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| | |
|:---|:---|
| **Item 8.01.** | **Other Events.**  |

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On December 9, 2025, the Company and TB issued a press release announcing the completion of the Merger. A copy of the press release is filed as Exhibit 99.3 to this Current Report on Form 8-K, which is incorporated herein by reference.

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| | |
|:---|:---|
| **Item 9.01.** | **Financial Statements and Exhibits.**  |

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(d) Exhibits

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| | |
|:---|:---|
| **Exhibit<br>No.** | **Description** |
| 2.1\* | [Agreement and Plan of Merger (incorporated by reference to Exhibit 2.1 to the Company's Current Report on Form 8-K filed September 22, 2025)](http://www.sec.gov/Archives/edgar/data/1392972/000119312525211519/d12560dex21.htm) |
| 3.1 | [Amended and Restated Certificate of Incorporation of PROS Holdings, Inc.](d54162dex31.htm) |
| 3.2 | [Amended and Restated Bylaws of PROS Holdings, Inc.](d54162dex32.htm) |
| 4.1 | [2027 Notes First Supplemental Indenture](d54162dex41.htm) |
| 4.2 | [2030 Notes First Supplemental Indenture](d54162dex42.htm) |
| 99.1 | [Notice of Supplemental Indenture, Fundamental Change, Make-Whole Fundamental Change, Fundamental Change Company Notice, Repurchase Right and Payment Upon Conversion to Holders of 2.250% Convertible Senior Notes Due 2027 of PROS Holdings, Inc., dated December 9, 2025](d54162dex991.htm) |
| 99.2 | [Notice of Supplemental Indenture, Fundamental Change, Make-Whole Fundamental Change, Fundamental Change Company Notice, Repurchase Right and Payment Upon Conversion to Holders of 2.50% Convertible Senior Notes Due 2030 of PROS Holdings, Inc., dated December 9, 2025](d54162dex992.htm) |
| 99.3 | [Press Release, dated December 9, 2025](d54162dex993.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

\* The disclosure schedules to and certain provisions of this exhibit have been omitted pursuant to Item 601(b)(2)(ii) of Regulation S-K as they contain information that is both not material and of the type that the registrant treats as private or confidential. The registrant agrees to supplementally furnish an unredacted copy of this exhibit, including any schedule hereto, to the SEC upon its request; however, the registrant may request confidential treatment of such unredacted copy. 

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#### SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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| | | |
|:---|:---|:---|
|  | PROS HOLDINGS, INC. | PROS HOLDINGS, INC. |
| Date: December 9, 2025 | By: | /s/ Damian W. Olthoff |
|  | Name: | Damian W. Olthoff |
|  | Title: | General Counsel and Secretary |

---

## Exhibit 3.1

**Exhibit 3.1** 

AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

OF

<u>PROS HOLDINGS, INC.</u> 

<u>ARTICLE ONE</u> 

The name of the corporation is PROS Holdings, Inc. (the "<u>Corporation</u>").

<u>ARTICLE TWO</u> 

The address of the Corporation's registered office in the State of Delaware is 1209 Orange Street, in the City of Wilmington, County of New Castle, 19801. The name of its registered agent at such address is The Corporation Trust Company.

<u>ARTICLE THREE</u> 

The nature of the business or purposes to be conducted or promoted is to engage in any lawful act or activity for which corporations may be organized under the General Corporation Law of the State of Delaware.

<u>ARTICLE FOUR</u> 

The total number of shares of capital stock that the Corporation has authority to issue is one thousand (1,000) shares of Common Stock, par value $0.01 per share.

<u>ARTICLE FIVE</u> 

The Corporation is to have perpetual existence.

<u>ARTICLE SIX</u> 

In furtherance and not in limitation of the powers conferred by statute, the board of directors of the Corporation is expressly authorized to make, alter or repeal the by-laws of the Corporation.

<u>ARTICLE SEVEN</u> 

Meetings of stockholders may be held within or outside of the State of Delaware, as the by-laws of the Corporation may provide. The books of the Corporation may be kept outside the State of Delaware at such place or places as may be designated from time to time by the board of directors or in the by-laws of the Corporation. Election of directors need not be by written ballot unless the by-laws of the Corporation so provide.

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<u>ARTICLE EIGHT</u> 

To the fullest extent permitted by the General Corporation Law of the State of Delaware as the same exists or may hereafter be amended, a director of this Corporation shall not be liable to the Corporation or its stockholders for monetary damages for a breach of fiduciary duty as a director. Any repeal or modification of this ARTICLE EIGHT shall not adversely affect any right or protection of a director of the Corporation existing at the time of such repeal or modification.

<u>ARTICLE NINE</u> 

The Corporation expressly elects not to be governed by §203 of the General Corporation Law of the State of Delaware.

<u>ARTICLE TEN</u> 

The Corporation reserves the right to amend, alter, change or repeal any provision contained in this certificate of incorporation in the manner now or hereafter prescribed herein and by the laws of the State of Delaware, and all rights conferred upon stockholders herein are granted subject to this reservation.

<u>ARTICLE ELEVEN</u> 

To the maximum extent permitted from time to time under the law of the State of Delaware, the Corporation renounces any interest or expectancy of the Corporation in, or in being offered an opportunity to participate in, business opportunities that are from time to time presented to its officers, directors or stockholders, other than those officers, directors or stockholders who are employees of the Corporation. No amendment or repeal of this ARTICLE ELEVEN shall apply to or have any effect on the liability or alleged liability of any officer, director or stockholder of the Corporation for or with respect to any opportunities of which such officer, director, or stockholder becomes aware prior to such amendment or repeal.

\* \* \* \* \*

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**IN WITNESS WHEREOF**, the Corporation has caused this Amended and Restated Certificate to be signed by a duly authorized officer on this 9th day of December, 2025.

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| | |
|:---|:---|
| **PROS HOLDINGS, INC.** | **PROS HOLDINGS, INC.** |
| By: | /s/ Jeff Cotten |
| Name: | Jeff Cotten |
| Its: | President and Chief Executive Officer |

---

## Exhibit 3.2

**Exhibit 3.2** 

<u>AMENDED AND RESTATED BYLAWS</u> 

<u>OF</u> 

<u>PROS HOLDINGS, INC.</u> 

A Delaware corporation

*(Adopted as of December 9, 2025)* 

ARTICLE I

<u>OFFICES</u> 

<u>Section</u> <u>1</u> <u>Registered Office</u>. The registered office of the corporation in the State of Delaware shall be located at 1209 Orange Street, city of Wilmington, Delaware, 19801, County of New Castle. The name of the corporation's registered agent at such address shall be The Corporation Trust Company. The registered office and/or registered agent of the corporation may be changed from time to time by action of the board of directors.

<u>Section</u> <u>2</u> <u>Other Offices</u>. The corporation may also have offices at such other places, both within and without the State of Delaware, as the board of directors may from time to time determine or the business of the corporation may require.

ARTICLE II

<u>MEETINGS OF STOCKHOLDERS</u> 

<u>Section</u> <u>1</u> <u>Annual Meetings</u>. An annual meeting of the stockholders shall be held each year within one hundred twenty (120) days after the close of the immediately preceding fiscal year of the corporation for the purpose of electing directors and conducting such other proper business as may come before the meeting. The date, time and place, if any, and/or the means of remote communication, of the annual meeting shall be determined by the president of the corporation; <u>provided</u>, <u>however</u>, that if the president does not act, the board of directors shall determine the date, time and place, if any, and/or the means of remote communication, of such meeting. No annual meeting of stockholders need be held if not required by the certificate of incorporation or by the General Corporation Law of the State of Delaware (the "<u>DGCL</u>").

<u>Section</u> <u>2</u> <u>Special Meetings</u>. Special meetings of stockholders may be called for any purpose (including, without limitation, the filling of board vacancies and newly created directorships) and may be held at such time and place, within or without the State of Delaware, and/or by means of remote communication, as shall be stated in a written notice of meeting. Such meetings may be called by the board of directors or the president only with five business days prior written notice (which notice period may not be waived) to the stockholders and shall be called by the president upon the written request of holders of shares entitled to cast not less than fifty percent (50%) of the votes at the meeting, which written request shall state the purpose or purposes of the meeting and shall be delivered to the president. The date, time and place, if any, and/or the means of remote communication, if any, of any special meeting of stockholders shall be determined by the president of the corporation; <u>provided</u>, <u>however</u>, that if the president does not act, the board of directors shall determine the date, time and place, if any, and/or the means of remote communication, of such meeting. On such written request, the president shall fix a date and time for such meeting within two days after receipt of a request for such meeting in such written request.

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<u>Section</u> <u>3</u> <u>Place of Meetings</u>. The board of directors may designate any place, either within or without the State of Delaware, and/or by means of remote communication, as the place of meeting for any annual meeting or for any special meeting called by the board of directors. If no designation is made, or if a special meeting be otherwise called, the place of meeting shall be the principal executive office of the corporation.

<u>Section</u> <u>4</u> <u>Notice</u>. Whenever stockholders are required or permitted to take any action at a meeting, written or printed notice stating the place, if any, date and hour of the meeting, the means of remote communications, if any, by which stockholders and proxy holders may be deemed to be present in person and vote at such meeting, and, in the case of special meetings, the purpose or purposes, of such meeting, shall be given to each stockholder entitled to vote at such meeting and to each director not less than ten nor more than sixty (60) days before the date of the meeting. All such notices shall be delivered, either personally, by mail, or by a form of electronic transmission consented to by the stockholder to whom the notice is given, by or at the direction of the board of directors, the president or the secretary, and if mailed, such notice shall be deemed to be delivered when deposited in the United States mail, postage prepaid, addressed to the stockholder at his, her or its address as the same appears on the records of the corporation. If given by electronic transmission, such notice shall be deemed to be delivered (a) if by facsimile telecommunication, when directed to a number at which the stockholder has consented to receive notice; (b) if by electronic mail, when directed to an electronic mail address at which the stockholder has consented to receive notice; (c) if by a posting on an electronic network together with separate notice to the stockholder of such specific posting, upon the later of (i) such posting and (ii) the giving of such separate notice; and (d) if by any other form of electronic transmission, when directed to the stockholder. Any such consent shall be revocable by the stockholder by written notice to the corporation. Any such consent shall be deemed revoked if (x) the corporation is unable to deliver by electronic transmission two consecutive notices given by the corporation in accordance with such consent and (y) such inability becomes known to the secretary or an assistant secretary of the corporation or to the transfer agent. Attendance of a person at a meeting shall constitute a waiver of notice of such meeting, except when the person attends for the express purpose of objecting at the beginning of the meeting to the transaction of any business because the meeting is not lawfully called or convened.

<u>Section</u> <u>5</u> <u>Stockholders List</u>. The officer who has charge of the stock ledger of the corporation shall make, at least ten days before every meeting of the stockholders, a complete list of the stockholders entitled to vote at such meeting arranged in alphabetical order, showing the address of each stockholder and the number of shares registered in the name of each stockholder. Such list shall be open to the examination of any stockholder, for any purpose germane to the meeting, for a period of at least ten days prior to the meeting: (a) on a reasonably accessible electronic network, provided that the information required to gain access to such list is provided with the notice of the meeting, and/or (b) during ordinary business hours, at the principal place of business of the corporation. In the event that the corporation determines to make the list available on an electronic network, the corporation may take reasonable steps to ensure that such information is available only to stockholders of the corporation. If the meeting is to be held at a place, then the list shall be produced and kept at the time and place of the meeting during the whole time thereof, and may be inspected by any stockholder who is present. If the meeting is to be held solely by means of remote communication, then the list shall also be open to the examination of any stockholder during the whole time of the meeting on a reasonably accessible electronic network, and the information required to access such list shall be provided with the notice of the meeting.

<u>Section</u> <u>6</u> <u>Quorum</u>. The holders of a majority of the votes represented by the issued and outstanding shares of capital stock, entitled to vote thereon, present in person or represented by proxy, shall constitute a quorum at all meetings of the stockholders, except as otherwise provided by statute or by the certificate of incorporation. If a quorum is not present, the holders of a majority of the shares present in person or represented by proxy at the meeting, and entitled to vote at the meeting, may adjourn the meeting to another time and/or place. When a quorum is once present to commence a meeting of stockholders, it is not broken by the subsequent withdrawal of any stockholders or their proxies.

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<u>Section</u> <u>7</u> <u>Adjourned Meetings</u>. When a meeting is adjourned to another time and place, notice need not be given of the adjourned meeting if the time and place, if any, thereof, and the means of remote communications, if any, by which stockholders and proxy holders may be deemed to be present in person and vote at such adjourned meeting are announced at the meeting at which the adjournment is taken. At the adjourned meeting, the corporation may transact any business which might have been transacted at the original meeting. If the adjournment is for more than thirty (30) days, or if after the adjournment a new record date is fixed for the adjourned meeting, a notice of the adjourned meeting shall be given to each stockholder of record entitled to vote at the meeting.

<u>Section</u> <u>8</u> <u>Vote Required</u>. When a quorum is present, the affirmative vote of the majority of shares present in person or represented by proxy at the meeting and entitled to vote on the subject matter shall be the act of the stockholders, unless the question is one upon which by express provisions of an applicable law or of the certificate of incorporation a different vote is required, in which case such express provision shall govern and control the decision of such question.

<u>Section</u> <u>9</u> <u>Voting Rights</u>. Except as otherwise provided by the DGCL or by the certificate of incorporation of the corporation or any amendments thereto and subject to <u>Section</u> <u>2</u> of <u>Article VI</u>, every stockholder shall at every meeting of the stockholders be entitled to one vote in person or by proxy for each share of common stock held by such stockholder.

<u>Section</u> <u>10</u> <u>Proxies</u>. Each stockholder entitled to vote at a meeting of stockholders or to express consent or dissent to corporate action in writing without a meeting may authorize another person or persons to act for such stockholder by proxy, but no such proxy shall be voted or acted upon after three years from its date, unless the proxy provides for a longer period. At each meeting of the stockholders, and before any voting commences, all proxies filed at or before the meeting shall be submitted to and examined by the secretary or a person designated by the secretary, and no shares may be represented or voted under a proxy that has been found to be invalid or irregular.

<u>Section</u> <u>11</u> <u>Action by Written Consent</u>. Unless otherwise provided in the certificate of incorporation, any action required to be taken at any annual or special meeting of stockholders of the corporation, or any action which may be taken at any annual or special meeting of such stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken and bearing the dates of signature of the stockholders who signed the consent or consents, shall be signed by the holders of issued and outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were present and voted and shall be delivered to the corporation by delivery to its registered office in the state of Delaware, or the corporation's principal place of business, or an officer or agent of the corporation having custody of the book or books in which proceedings of meetings of the stockholders are recorded. Delivery made to the corporation's registered office shall be by hand or by certified or registered mail, return receipt requested or by reputable overnight courier service. All consents properly delivered in accordance with this <u>Section</u> <u>11</u> of this <u>Article II</u> shall be deemed to be recorded when so delivered. No written consent shall be effective to take the corporate action referred to therein unless, within sixty (60) days after the earliest dated consent delivered to the corporation as required by this <u>Section</u> <u>11</u> of this <u>Article II</u>, written consents signed by the holders of a sufficient number of shares to take such corporate action are so recorded. Prompt notice of the taking of the corporate action without a meeting by less than unanimous written consent shall be given to those stockholders who have not consented in writing. Any action taken pursuant to such written consent or consents of the stockholders shall have the same force and effect as if taken by the stockholders at a meeting thereof.

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Any copy, facsimile or other reliable reproduction of a consent in writing may be substituted or used in lieu of the original writing for any and all purposes for which the original writing could be used; provided that such copy, facsimile or other reproduction shall be a complete reproduction of the entire original writing.

<u>Section</u> <u>12</u> <u>Action by Telegram, Cablegram or Other Electronic Transmission Consent</u>. A telegram, cablegram or other electronic transmission consenting to an action to be taken and transmitted by a stockholder or proxyholder, or by a person or persons authorized to act for a stockholder or proxyholder, shall be deemed to be written, signed and dated for the purposes of this <u>Section</u> <u>12</u> of this <u>Article II</u>; provided that any such telegram, cablegram or other electronic transmission sets forth or is delivered with information from which the corporation can determine (a) that the telegram, cablegram or other electronic transmission was transmitted by the stockholder or proxyholder or by a person or persons authorized to act for the stockholder or proxyholder and (b) the date on which such stockholder or proxyholder or authorized person or persons transmitted such telegram, cablegram or electronic transmission. The date on which such telegram, cablegram or electronic transmission is transmitted shall be deemed to be the date on which such consent was signed. No consent given by telegram, cablegram or other electronic transmission shall be deemed to have been delivered until such consent is reproduced in paper form and until such paper form shall be delivered to the corporation by delivery to its registered office in the State of Delaware, its principal place of business or an officer or agent of the corporation having custody of the book in which proceedings of meetings of stockholders are recorded if, to the extent and in the manner provided by resolution of the board of directors of the corporation.

ARTICLE III

<u>DIRECTORS</u> 

<u>Section</u> <u>1</u> <u>General Powers</u>. The business and affairs of the corporation shall be managed by or under the direction of the board of directors.

<u>Section</u> <u>2</u> <u>Number, Election and Term of Office</u>. The number of directors on the board of directors as of the date hereof is three. Thereafter, the number of directors shall be established from time to time by resolution of the board of directors. The directors shall be elected by a plurality of the votes of the shares present in person or represented by proxy at the meeting and entitled to vote in the election of directors. The directors shall be elected in this manner at the annual meeting of the stockholders, except as provided in <u>Section</u> <u>4</u> of this <u>Article III</u>. Each director elected shall hold office until a successor is duly elected and qualified or until his or her earlier death, resignation or removal as hereinafter provided.

<u>Section</u> <u>3</u> <u>Removal and Resignation</u>. Any director or the entire board of directors may be removed at any time, with or without cause, by the holders of a majority of the shares then entitled to vote at an election of directors. Whenever the holders of any class or series are entitled to elect one or more directors by the provisions of the certificate of incorporation, the provisions of this <u>Section</u> <u>3</u> of this <u>Article III</u> shall apply, in respect to the removal without cause of a director or directors so elected, to the vote of the holders of the outstanding shares of that class or series and not to the vote of the outstanding shares as a whole. Any director may resign at any time upon notice given in writing or by electronic transmission to the corporation.

<u>Section</u> <u>4</u> <u>Vacancies</u>. Except as otherwise provided in the certificate of incorporation of the corporation, board vacancies and newly created directorships resulting from any increase in the authorized number of directors may be filled by a majority of the directors then in office, though less than a quorum, or by a sole remaining director. Each director so chosen shall hold office until a successor is duly elected and qualified or until his or her earlier death, resignation or removal as herein provided.

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Notwithstanding the foregoing, any such vacancy shall automatically reduce the authorized number of directors *pro tanto*, until such time as the holders of outstanding shares of capital stock who are entitled to elect the director whose office is vacant shall have exercised their right to elect a director to fill such vacancy, whereupon the authorized number of directors shall be automatically increased *pro tanto*. Each director so chosen shall hold office until a successor is duly elected and qualified or until his or her earlier death, resignation or removal as herein provided.

<u>Section</u> <u>5</u> <u>Annual Meetings</u>. The annual meeting of each newly elected board of directors shall be held without notice (other than notice under these Bylaws) immediately after, and at the same place, if any, as the annual meeting of stockholders.

<u>Section</u> <u>6</u> <u>Other Meetings and Notice</u>. Regular meetings, other than the annual meeting, of the board of directors may be held without notice at such time and at such place, if any, as shall from time to time be determined by resolution of the board of directors and promptly communicated to all directors then in office. Special meetings of the board of directors may be called by or at the request of the president or at least one of the directors on at least 24 hours notice to each director, either personally, by telephone, by mail, telegraph, and/or by electronic transmission. In like manner and on like notice, the president must call a special meeting on the written request of at least 2 of the directors promptly after receipt of such request.

<u>Section</u> <u>7</u> <u>Quorum, Required Vote and Adjournment</u>. A majority of the total number of authorized directors shall constitute a quorum for the transaction of business. The vote of a majority of directors present at a meeting at which a quorum is present shall be the act of the board of directors. If a quorum shall not be present at any meeting of the board of directors, the directors present thereat may adjourn the meeting from time to time, without notice other than announcement at the meeting, until a quorum shall be present. Except as otherwise required by the certificate of incorporation, each director shall be entitled to one vote.

<u>Section</u> <u>8</u> <u>Committees</u>. The board of directors may, by resolution passed by a majority of the whole board, designate one or more committees, each committee to consist of one or more of the directors of the corporation, which to the extent provided in such resolution or these Bylaws shall have and may exercise the powers of the board of directors in the management and affairs of the corporation, except as otherwise limited by law. The board of directors may designate one or more directors as alternate members of any committee, who may replace any absent or disqualified member at any meeting of the committee. Such committee or committees shall have such name or names as may be determined from time to time by resolution adopted by the board of directors. Each committee shall keep regular minutes of its meetings and report the same to the board of directors when required.

<u>Section</u> <u>9</u> <u>Committee Rules</u>. Each committee of the board of directors may fix its own rules of procedure and shall hold its meetings as provided by such rules, except as may otherwise be provided by a resolution of the board of directors designating such committee. Unless otherwise provided in such a resolution, the presence of a majority of the members of the committee then in office shall be necessary to constitute a quorum. In the event that a member and that member's alternate, if alternates are designated by the board of directors as provided in <u>Section</u> <u>8</u> of this <u>Article III</u>, of such committee is or are absent or disqualified, the member or members thereof present at any meeting and not disqualified from voting, whether or not such member or members constitute a quorum, may unanimously appoint another member of the board of directors to act at the meeting in place of any such absent or disqualified member.

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<u>Section</u> <u>10</u> <u>Executive Committee</u>. The board of directors of the corporation may, by resolution adopted by a majority of the whole board**,** designate two directors to constitute an executive committee. The executive committee, to the extent provided in the resolution, shall have and may exercise all of the authority of the board of directors in the management of the corporation, except that the committee shall have no authority in reference to amending the certificate of incorporation; adopting an agreement of merger or consolidation; recommending to the stockholders the sale, lease, or exchange of all or substantially all of the corporation's property and assets; recommending to the stockholders a dissolution of the corporation or a revocation of a dissolution; amending the Bylaws of the corporation; electing or removing directors or officers of the corporation or members of the executive committee; declaring dividends; or amending, altering, or repealing any resolution of the board of directors which, by its terms, provides that it shall not be amended, altered or repealed by the executive committee. The board of directors shall have power at any time to fill vacancies in, to change the size or membership of and to discharge the executive committee.

<u>Section</u> <u>11</u> <u>Audit Committee</u>. The audit committee shall consist of not fewer than two members of the board of directors as shall from time to time be appointed by resolution of the board of directors. No member of the board of directors who is an affiliate of the corporation or an officer or an employee of the corporation or any subsidiary of the corporation shall be eligible to serve on the audit committee. The audit committee shall review and, as it shall deem appropriate, recommend to the board internal accounting and financial controls for the corporation and accounting principles and auditing practices and procedures to be employed in the preparation and review of financial statements of the corporation. The audit committee shall make recommendations to the board of directors concerning the engagement of independent public accountants to audit the annual financial statements of the corporation and the scope of the audit to be undertaken by such accountants.

<u>Section</u> <u>12</u> <u>Compensation Committee</u>. The compensation committee shall consist of not fewer than two members of the board of directors as from time to time shall be appointed by resolution of the board of directors. No member of the board of directors who is an affiliate of the corporation or an officer or an employee of the corporation or any subsidiary of the corporation shall be eligible to serve on the compensation committee. The compensation committee shall review and, as it deems appropriate, recommend to the president and the board of directors policies, practices and procedures relating to the compensation of managerial and executive level employees and the establishment and administration of employee benefit plans. The compensation committee shall have and exercise all authority under any employee stock option plans of the corporation as the committee described therein (unless the board of directors by resolution appoints any other committee to exercise such authority), and shall otherwise advise and consult with the officers of the corporation as may be requested regarding managerial personnel policies.

<u>Section</u> <u>13</u> <u>Communications Equipment</u>. Members of the board of directors or any committee thereof may participate in and act at any meeting of such board or committee by means of conference telephone or other communications equipment by means of which all persons participating in the meeting can hear each other, and participation in the meeting pursuant to this <u>Section</u> <u>13</u> of this <u>Article III</u> shall constitute presence in person at the meeting.

<u>Section</u> <u>14</u> <u>Waiver of Notice and Presumption of Assent</u>. Any member of the board of directors or any committee thereof who is present at a meeting shall be conclusively presumed to have waived notice of such meeting, except when such member attends for the express purpose of objecting at the beginning of the meeting to the transaction of any business because the meeting is not lawfully called or convened. Such member shall be conclusively presumed to have assented to any action taken unless his or her dissent shall be entered in the minutes of the meeting or unless his or her written dissent to such action shall be filed with the person acting as the secretary of the meeting before the adjournment thereof or shall be forwarded by registered mail to the secretary of the corporation immediately after the adjournment of the meeting. Such right to dissent shall not apply to any member who voted in favor of such action.

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<u>Section</u> <u>15</u> <u>Action by Written Consent</u>. Unless otherwise restricted by the certificate of incorporation, any action required or permitted to be taken at any meeting of the board of directors, or of any committee thereof, may be taken without a meeting if all members of the board or committee, as the case may be, consent thereto in writing or by electronic transmission, and the writing or writings or electronic transmission or transmissions are filed with the minutes of proceedings of the board, or committee. Such filing shall be in paper form if the minutes are maintained in paper form and shall be in electronic form if the minutes are maintained in electronic form.

ARTICLE IV

<u>OFFICERS</u> 

<u>Section</u> <u>1</u> <u>Number</u>. The officers of the corporation shall be elected by the board of directors and may consist of a chairman of the board, a vice chairman of the board, a president and chief executive officer, one or more vice-presidents, a chief operating officer, a chief financial officer, an executive vice president, a secretary, a treasurer, and such other officers and assistant officers as may be deemed necessary or desirable by the board of directors. Any number of offices may be held by the same person. In its discretion, the board of directors may choose not to fill any office for any period as it may deem advisable.

<u>Section</u> <u>2</u> <u>Election and Term of Office</u>. The officers of the corporation shall be elected annually by the board of directors at its first meeting held after each annual meeting of stockholders or as soon thereafter as conveniently may be. Vacancies may be filled or new offices created and filled at any meeting of the board of directors. Each officer shall hold office until a successor is duly elected and qualified or until his or her earlier death, resignation or removal as hereinafter provided.

<u>Section</u> <u>3</u> <u>Removal</u>. Any officer or agent elected by the board of directors may be removed by the board of directors whenever in its judgment the best interests of the corporation would be served thereby, but such removal shall be without prejudice to the contract rights, if any, of the person so removed.

<u>Section</u> <u>4</u> <u>Vacancies</u>. Any vacancy occurring in any office because of death, resignation, removal, disqualification or otherwise, may be filled by the board of directors for the unexpired portion of the term by the board of directors then in office.

<u>Section</u> <u>5</u> <u>Compensation</u>. Compensation of all officers shall be fixed by the board of directors, and no officer shall be prevented from receiving such compensation by virtue of his or her also being a director of the corporation.

<u>Section</u> <u>6</u> <u>Chairman of the Board</u>. Subject to the powers of the board of directors, the chairman of the board shall be in the general and active charge of the entire business and affairs of the corporation and shall be its chief policy making officer. The chairman of the board shall preside at all meetings of the board of directors and at all meetings of the stockholders and shall have such other powers and perform such other duties as may be prescribed by the board of directors or provided in these Bylaws. Whenever the president is unable to serve, by reason of sickness, absence or otherwise, the chairman of the board shall perform all the duties and responsibilities and exercise all the powers of the president.

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<u>Section</u> <u>7</u> <u>Vice-Chairman</u>. Whenever the chairman of the board is unable to serve, by reason of sickness, absence, or otherwise, the vice-chairman shall have the powers and perform the duties of the chairman of the board. The vice-chairman shall have such other powers and perform such other duties as may be prescribed by the chairman of the board, the board of directors or these Bylaws.

<u>Section</u> <u>8</u> <u>The President and Chief Executive Officer</u>. The president and chief executive officer shall be the chief executive officer of the corporation; in the absence of the chairman of the board, shall preside at all meetings of the stockholders and board of directors at which he or she is present; subject to the powers of the board of directors, and the chairman of the board, shall have general charge of the business, affairs and property of the corporation, and control over its officers, agents and employees; and shall see that all orders and resolutions of the board of directors are carried into effect. The president shall execute bonds, mortgages and other contracts requiring a seal, under the seal of the corporation, except where required or permitted by law to be otherwise signed and executed and except where the signing and execution thereof shall be expressly delegated by the board of directors to some other officer or agent of the corporation. The president shall have such other powers and perform such other duties as may be prescribed by the chairman of the board or the board of directors or as may be provided in these Bylaws.

<u>Section</u> <u>9</u> <u>Chief Operating Officer</u>. The chief operating officer of the corporation, subject to the powers of the board of directors, shall engage in the general and active management of the business of the corporation; and shall see that all orders and resolutions of the board of directors are carried into effect. The chief operating officer shall have such other powers and perform such other duties as may be prescribed by the chairman of the board, the president or the board of directors or as may be provided in these Bylaws.

<u>Section</u> <u>10</u> <u>Chief Financial Officer</u>. The chief financial officer of the corporation shall, under the direction of the chief executive officer, be responsible for all financial and accounting matters and for the direction of the offices of treasurer and controller. The chief financial officer shall have such other powers and perform such other duties as may be prescribed by the chairman of the board, the president or the board of directors or as may be provided in these Bylaws.

<u>Section</u> <u>11</u> <u>Vice-presidents</u>. The vice-president, or if there shall be more than one, the vice-presidents in the order determined by the board of directors, shall, in the absence or disability of the president, act with all of the powers and be subject to all the restrictions of the president. The vice-presidents shall also perform such other duties and have such other powers as the board of directors, the president or these Bylaws may, from time to time, prescribe.

<u>Section</u> <u>12</u> <u>Secretary and Assistant Secretaries</u>. The secretary shall attend all meetings of the board of directors, all meetings of the committees thereof and all meetings of the stockholders and record all the proceedings of the meetings in a book or books to be kept for that purpose. Under the president's supervision, the secretary shall give, or cause to be given, all notices required to be given by these Bylaws or by law, shall have such powers and perform such duties as the board of directors, the president or these Bylaws may, from time to time, prescribe, and shall have custody of the corporate seal of the corporation. The secretary, or an assistant secretary, shall have authority to affix the corporate seal to any instrument requiring it and when so affixed, it may be attested by his or her signature or by the signature of such assistant secretary. The board of directors may give general authority to any other officer to affix the seal of the corporation and to attest the affixing by his or her signature. The assistant secretary, or if there be more than one, the assistant secretaries in the order determined by the board of directors, shall, in the absence or disability of the secretary, perform the duties and exercise the powers of the secretary and shall perform such other duties and have such other powers as the board of directors, the president, or secretary may, from time to time, prescribe.

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<u>Section</u> <u>13</u> <u>Treasurer and Assistant Treasurer</u>. The treasurer shall have the custody of the corporate funds and securities; shall keep full and accurate accounts of receipts and disbursements in books belonging to the corporation; shall deposit all monies and other valuable effects in the name and to the credit of the corporation as may be ordered by the board of directors; shall cause the funds of the corporation to be disbursed when such disbursements have been duly authorized, taking proper vouchers for such disbursements; shall render to the president and the board of directors, at its regular meeting or when the board of directors so requires, an account of the corporation; and shall have such powers and perform such duties as the board of directors, the president or these Bylaws may, from time to time, prescribe. If required by the board of directors, the treasurer shall give the corporation a bond (which shall be rendered every six years) in such sums and with such surety or sureties as shall be satisfactory to the board of directors for the faithful performance of the duties of the office of treasurer and for the restoration to the corporation, in case of death, resignation, retirement, or removal from office, of all books, papers, vouchers, money, and other property of whatever kind in the possession or under the control of the treasurer belonging to the corporation. The assistant treasurer, or if there shall be more than one, the assistant treasurers in the order determined by the board of directors, shall in the absence or disability of the treasurer, perform the duties and exercise the powers of the treasurer. The assistant treasurers shall perform such other duties and have such other powers as the board of directors, the president or treasurer may, from time to time, prescribe.

<u>Section</u> <u>14</u> <u>Other Officers, Assistant Officers and Agents</u>. Officers, assistant officers and agents, if any, other than those whose duties are provided for in these Bylaws, shall have such authority and perform such duties as may from time to time be prescribed by resolution of the board of directors.

<u>Section</u> <u>15</u> <u>Absence or Disability of Officers</u>. In the case of the absence or disability of any officer of the corporation and of any person hereby authorized to act in such officer's place during such officer's absence or disability, the board of directors may by resolution delegate the powers and duties of such officer to any other officer or to any director, or to any other person whom it may select.

ARTICLE V

<u>INDEMNIFICATION</u> 

<u>Section</u> <u>1</u> <u>Right to Indemnification</u>. Each person who was or is made a party or is threatened to be made a party to or is involved in any action, suit or proceeding, whether civil, criminal, administrative or investigative (each, a "proceeding"), by reason of the fact that he or she or a person of whom he or she is the legal representative, is or was a director or officer of the corporation or is or was serving at the request of the corporation as a director or officer of another corporation, or as a controlling person of a partnership, joint venture, trust or other enterprise, including service with respect to employee benefit plans, shall be indemnified and held harmless by the corporation to the fullest extent authorized by the DGCL, as the same exists or may hereafter be amended (but, in the case of any such amendment, only to the extent that such amendment permits the corporation to provide broader indemnification rights than such law permitted the corporation to provide prior to such amendment) against all expenses, liability and loss reasonably incurred or suffered by such person in connection therewith and such indemnification shall continue as to a person who has ceased to be a director or officer and shall inure to the benefit of his or her heirs, executors and administrators; <u>provided</u>, <u>however</u>, that except as provided in <u>Section</u> <u>2</u> of this <u>Article V</u>, the corporation shall not be required to indemnify any such person seeking indemnity in connection with a proceeding (or part thereof) initiated by such person unless (a) such indemnification is expressly required to be made by applicable law, (b) the proceeding (or part thereof) was authorized by the board of directors of the corporation, or (c) such indemnification is provided by the corporation, in its sole discretion, pursuant to the powers vested in the corporation under the DGCL. The rights hereunder shall be contract rights and shall include the right to be paid expenses incurred in defending any such proceeding in advance of its final disposition; <u>provided</u>, <u>however</u>, that the payment of such expenses

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incurred by a director or officer of the corporation in his or her capacity as a director or officer (and not in any other capacity in which service was or is tendered by such person while a director or officer, including, without limitation, service to an employee benefit plan) in advance of the final disposition of such proceeding, shall be made only upon delivery to the corporation of an undertaking, by or on behalf of such director or officer, to repay all amounts so advanced if it should be determined ultimately by final judicial decision from which there is no further right to appeal that such director or officer is not entitled to be indemnified under this <u>Section</u> <u>1</u> of this <u>Article V</u> or otherwise.

Notwithstanding the foregoing, no advance shall be made by the corporation to a director or officer of the corporation in any proceeding, if a determination is reasonably and promptly made (i) by a majority vote of directors who were not parties to the proceeding, even if not a quorum, or (ii) by a committee of such directors designated by a majority vote of such directors, even though less than a quorum, or (iii) if there are no such directors, or such directors so direct, by independent legal counsel in a written opinion, that the facts known to the decision-making party at the time such determination is made demonstrate clearly and convincingly that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to the best interests of the corporation.

<u>Section</u> <u>2</u> <u>Right of Claimant to Bring Suit</u>. If a claim under <u>Section</u> <u>1</u> of this <u>Article V</u> is not paid in full by the corporation within sixty (60) days after a written claim has been received by the corporation, or twenty (20) days in the case of a valid claim for advancement of expenses, the claimant may at any time thereafter bring suit against the corporation to recover the unpaid amount of the claim. It shall be a defense to any such action (other than an action brought to enforce a claim for expenses incurred in defending any proceeding in advance of its final disposition where the required undertaking, if any, has been tendered to this corporation) that the claimant has not met the standards of conduct which make it permissible under these Bylaws or the DGCL or any other applicable law for the corporation to indemnify the claimant for the amount claimed. In connection with any claim by a director or officer of the corporation for advances, the corporation shall be entitled to raise a defense as to any such action clear and convincing evidence that such person acted in bad faith or in a manner that such person did not believe to be in or not opposed to the best interests of the corporation, or with respect to any criminal action or proceeding that such person acted without reasonable cause to believe that his or her conduct was lawful. Neither the failure of the corporation (including its board of directors, independent legal counsel, or its stockholders) to have made a determination prior to the commencement of such action that indemnification of the claimant is proper in the circumstances because he has met the applicable standard of conduct set forth in the DGCL, nor an actual determination by the corporation (including its board of directors, independent legal counsel or its stockholders) that the claimant has not met such applicable standard of conduct, shall be a defense to the action or create a presumption that claimant has not met the applicable standard of conduct. In any suit brought by the corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the corporation shall be entitled to recover such expenses upon a judicial decision that the indemnitee has not met any applicable standard for indemnification set forth in the DGCL. In any suit brought by the indemnitee to enforce a right to indemnification or to an advancement of expenses hereunder, or brought by the corporation to recover an advancement of expenses pursuant to the terms of an undertaking, the burden of proving that the indemnitee is not entitled to be indemnified, or to such advancement of expenses, shall be on the corporation.

<u>Section</u> <u>3</u> <u>Indemnification of Employees and Agents</u>. The corporation may, to the extent authorized from time to time by the board of directors, grant rights to indemnification, and to the advancement of related expenses, to any employee or agent of the corporation to the fullest extent of the provisions of this <u>Article V</u> with respect to the indemnification of and advancement of expenses to directors and officers of the corporation

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<u>Section</u> <u>4</u> <u>Non-Exclusivity of Rights</u>. The rights conferred on any person in this <u>Article V</u> shall not be exclusive of any other right which such persons may have or hereafter acquire under any statute, provision of the certificate of incorporation, Bylaws, agreement, vote of stockholders or disinterested directors or otherwise.

<u>Section</u> <u>5</u> <u>Indemnification Contracts</u>. The board of directors is authorized to enter into a contract with any director, officer, employee or agent of the corporation, or any person serving at the request of the corporation as a director, officer, employee or agent of another corporation, partnership, joint venture, trust or other enterprise, including employee benefit plans, providing for indemnification rights equivalent to or, if the board of directors so determines, greater than, those provided for in this <u>Article V</u>.

<u>Section</u> <u>6</u> <u>Insurance</u>. The corporation shall maintain insurance to the extent reasonably available, at its expense, to protect itself and any such director, officer, employee or agent of the corporation or another corporation, partnership, joint venture, trust or other enterprise against any such expense, liability or loss, whether or not the corporation would have the power to indemnify such person against such expense, liability or loss under the DGCL.

ARTICLE VI

<u>CERTIFICATES OF STOCK</u> 

<u>Section</u> <u>1</u> <u>Form</u>. Notwithstanding anything else set forth herein, the stock of the corporation shall be and shall remain uncertificated.

<u>Section</u> <u>2</u> <u>Fixing a Record Date for Stockholder Meetings</u>. In order that the corporation may determine the stockholders entitled to notice of or to vote at any meeting of stockholders or any adjournment thereof, the board of directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the board of directors, and which record date shall not be more than sixty (60) nor less than ten days before the date of such meeting. If no record date is fixed by the board of directors, the record date for determining stockholders entitled to notice of or to vote at a meeting of stockholders shall be the close of business on the next day preceding the day on which notice is given, or if notice is waived, at the close of business on the day next preceding the day on which the meeting is held. A determination of stockholders of record entitled to notice of or to vote at a meeting of stockholders shall apply to any adjournment of the meeting; provided that the board of directors may fix a new record date for the adjourned meeting.

<u>Section</u> <u>3</u> <u>Fixing a Record Date for Action by Written Consent</u>. In order that the corporation may determine the stockholders entitled to consent to corporate action in writing without a meeting, the board of directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted by the board of directors, and which date shall not be more than ten days after the date upon which the resolution fixing the record date is adopted by the board of directors. If no record date has been fixed by the board of directors, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting, when no prior action by the board of directors is required by statute, shall be the first date on which a signed written consent setting forth the action taken or proposed to be taken is delivered to the corporation by delivery to its registered office in the State of Delaware, its principal place of business, or an officer or agent of the corporation having custody of the book in which proceedings of meetings of stockholders are recorded. Delivery made to the corporation's registered office shall be by hand or by certified or registered mail, return receipt requested. If no record date has been fixed by the board of directors and prior action by the board of directors is required by statute, the record date for determining stockholders entitled to consent to corporate action in writing without a meeting shall be at the close of business on the day on which the board of directors adopts the resolution taking such prior action.

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<u>Section</u> <u>4</u> <u>Fixing a Record Date for Other Purposes</u>. In order that the corporation may determine the stockholders entitled to receive payment of any dividend or other distribution or allotment or any rights or the stockholders entitled to exercise any rights in respect of any change, conversion or exchange of stock, or for the purposes of any other lawful action, the board of directors may fix a record date, which record date shall not precede the date upon which the resolution fixing the record date is adopted, and which record date shall be not more than sixty (60) days prior to such action. If no record date is fixed, the record date for determining stockholders for any such purpose shall be at the close of business on the day on which the board of directors adopts the resolution relating thereto.

<u>Section</u> <u>5</u> <u>Registered Stockholders</u>. Prior to the surrender to the corporation of the certificate or certificates for a share or shares of stock with a request to record the transfer of such share or shares, the corporation may treat the registered owner as the person entitled to receive dividends, to vote, to receive notifications, and otherwise to exercise all the rights and powers of an owner. The corporation shall not be bound to recognize any equitable or other claim to or interest in such share or shares on the part of any other person, whether or not it shall have express or other notice thereof.

<u>Section</u> <u>6</u> <u>Subscriptions for Stock</u>. Unless otherwise provided for in the subscription agreement, subscriptions for shares shall be paid in full at such time, or in such installments and at such times, as shall be determined by the board of directors. Any call made by the board of directors for payment on subscriptions shall be uniform as to all shares of the same class or as to all shares of the same series. In case of default in the payment of any installment or call when such payment is due, the corporation may proceed to collect the amount due in the same manner as any debt due the corporation.

ARTICLE VII

<u>GENERAL PROVISIONS</u> 

<u>Section</u> <u>1</u> <u>Dividends</u>. Dividends upon the capital stock of the corporation, subject to the provisions of the certificate of incorporation, if any, may be declared by the board of directors at any regular or special meeting, pursuant to law. Dividends may be paid in cash, in property, or in shares of the capital stock, subject to the provisions of the certificate of incorporation. Before payment of any dividend, there may be set aside out of any funds of the corporation available for dividends such sum or sums as the directors from time to time, in their absolute discretion, think proper as a reserve or reserves to meet contingencies, or for equalizing dividends, or for repairing or maintaining any property of the corporation, or any other purpose and the directors may modify or abolish any such reserve in the manner in which it was created.

<u>Section</u> <u>2</u> <u>Checks, Drafts or Orders</u>. All checks, drafts, or other orders for the payment of money by or to the corporation and all notes and other evidences of indebtedness issued in the name of the corporation shall be signed by such officer or officers, agent or agents of the corporation, and in such manner, as shall be determined by resolution of the board of directors or a duly authorized committee thereof.

<u>Section</u> <u>3</u> <u>Contracts</u>. The board of directors may authorize any officer or officers, or any agent or agents, of the corporation to enter into any contract or to execute and deliver any instrument in the name of and on behalf of the corporation, and such authority may be general or confined to specific instances.

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<u>Section</u> <u>4</u> <u>Loans</u>. The corporation may lend money to, or guarantee any obligation of, or otherwise assist any officer or other employee of the corporation or of its subsidiary, including any officer or employee who is a director of the corporation or its subsidiary, whenever, in the judgment of the directors, such loan, guaranty or assistance may reasonably be expected to benefit the corporation. The loan, guaranty or other assistance may be with or without interest, and may be unsecured, or secured in such manner as the board of directors shall approve, including, without limitation, a pledge of shares of stock of the corporation. Nothing contained in this <u>Section</u> <u>4</u> of this <u>Article VII</u> shall be deemed to deny, limit or restrict the powers of guaranty or warranty of the corporation at common law or under any statute.

<u>Section</u> <u>5</u> <u>Fiscal Year</u>. The fiscal year of the corporation shall be fixed by resolution of the board of directors.

<u>Section</u> <u>6</u> <u>Corporate Seal</u>. The board of directors shall provide a corporate seal which shall be in the form of a circle and shall have inscribed thereon the name of the corporation and the words "Corporate Seal, Delaware". The seal may be used by causing it or a facsimile thereof to be impressed or affixed or reproduced or otherwise.

<u>Section</u> <u>7</u> <u>Voting Securities Owned By Corporation</u>. Voting securities in any other corporation held by the corporation shall be voted by the president, unless the board of directors specifically confers authority to vote with respect thereto, which authority may be general or confined to specific instances, upon some other person or officer. Any person authorized to vote securities shall have the power to appoint proxies, with general power of substitution.

<u>Section</u> <u>8</u> <u>Inspection of Books and Records</u>. Any stockholder of record, in person or by attorney or other agent, shall, upon written demand under oath stating the purpose thereof, have the right during the usual hours for business to inspect for any proper purpose the corporation's stock ledger, a list of its stockholders, and its other books and records, and to make copies or extracts therefrom. A proper purpose shall mean any purpose reasonably related to such person's interest as a stockholder. In every instance where an attorney or other agent shall be the person who seeks the right to inspection, the demand under oath shall be accompanied by a power of attorney or such other writing which authorizes the attorney or other agent to so act on behalf of the stockholder. The demand under oath shall be directed to the corporation at its registered office in the State of Delaware or at its principal place of business.

<u>Section</u> <u>9</u> <u>Section Headings</u>. Section headings in these Bylaws are for convenience of reference only and shall not be given any substantive effect in limiting or otherwise construing any provision herein.

<u>Section</u> <u>10</u> <u>Inconsistent Provisions</u>. In the event that any provision of these Bylaws is or becomes inconsistent with any provision of the certificate of incorporation, the DGCL or any other applicable law, the provision of these Bylaws shall not be given any effect to the extent of such inconsistency but shall otherwise be given full force and effect.

ARTICLE VIII

<u>AMENDMENTS</u> 

These Bylaws may be amended, altered, or repealed and new Bylaws adopted at any meeting of the board of directors by a majority vote. The fact that the power to adopt, amend, alter, or repeal the Bylaws has been conferred upon the board of directors shall not divest the stockholders of the same powers.

## Exhibit 4.1

**Exhibit 4.1** 

**FIRST SUPPLEMENTAL INDENTURE** 

FIRST SUPPLEMENTAL INDENTURE, dated as of December 9, 2025 (this "**Supplemental Indenture**"), by and between PROS Holdings, Inc., a Delaware corporation (the "**Company**") and Wilmington Trust, National Association, as trustee (the "**Trustee**").

**RECITALS OF THE COMPANY** 

WHEREAS, the Company and the Trustee are parties to that certain Indenture, dated as of September 15, 2020 (the "**Indenture**"), pursuant to which the Company issued its 2.250% Convertible Senior Notes due 2027 (the "**Notes**");

WHEREAS, the Company is party to that certain Agreement and Plan of Merger, dated as of September 22, 2025 (the "**Merger Agreement**"), by and among Project Portofino Parent LLC, a Delaware limited liability company ("**Parent**"), Project Portofino Merger Sub, Inc., a Delaware corporation ("**Merger Sub**") and the Company, pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and as a wholly owned subsidiary of Parent (the "**Merger**") and, subject to the terms and conditions contained in the Merger Agreement, each share of common stock of the Company, par value $0.001 per share ("**Share**"), issued and outstanding prior to the effective time of the Merger will be cancelled and automatically converted into the right to receive $23.25 in cash (the "**Merger Consideration**");

WHEREAS, the Merger Consideration is to be paid to each holder of Shares without interest and less any applicable withholding taxes;

WHEREAS, the Merger constitutes a Merger Event, Fundamental Change and a Make-Whole Fundamental Change pursuant to the Indenture;

WHEREAS, in connection with the foregoing, Section 14.07(a) of the Indenture provides that the Company and the Trustee shall enter into a supplemental indenture prior to or at the effective time of the Merger, which shall provide that each Note shall, without the consent of any holders of the Notes as permitted by Section 10.01(j), become convertible solely into Reference Property (as defined below) upon such Merger;

WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture; and

WHEREAS, all conditions precedent provided for in the Indenture relating to the execution of this Supplemental Indenture have been complied with.

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH, for and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto mutually covenant and agree for the equal and proportionate benefit of the holders as follows:

ARTICLE I

DEFINITIONS

Section 1.01 *Definitions*. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Indenture.

ARTICLE II

EFFECT OF MERGER

Section 2.01 *Conversion of Notes*. In accordance with Sections 10.01(j) and 14.07(a) of the Indenture, as a result of the Merger, from and after the date of this Supplemental Indenture, the right to convert each $1,000 principal amount of Notes into Common Stock shall be changed to a right to convert such principal amount of

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Notes into the Merger Consideration that a holder of a number of Shares equal to the Conversion Rate upon such Merger Event would have owned or been entitled to receive (the "**Reference Property**"), which Reference Property shall be cash in an amount equal to $555.99 per $1,000 principal amount of Notes, in accordance with the Indenture, at any time from, and including, the date that the Merger becomes effective. The provisions of the Indenture, as modified herein, shall continue to apply, *mutatis mutandis*, to the holders' right to convert the Notes into the Reference Property. For the avoidance of doubt, from and after the effective time of the Merger, the Holders will not have the right to convert the Notes into Shares or other securities of the Company.

ARTICLE III

MISCELLANEOUS PROVISIONS

Section 3.01 *Effectiveness; Construction*. This Supplemental Indenture shall become effective upon its execution and delivery by the Company and the Trustee as of the date hereof. Upon such effectiveness, the Indenture shall be supplemented in accordance herewith. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. The Indenture and this Supplemental Indenture shall henceforth be read and construed together.

Section 3.02 *Indenture Remains in Full Force and Effect*. Except as supplemented hereby, all provisions in the Indenture shall remain in full force and effect.

Section 3.03 *Trustee Matters*. The Trustee accepts the Indenture, as supplemented hereby, and agrees to perform the same upon the terms and conditions set forth therein, as supplemented hereby. The Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. The recitals contained in this Supplemental Indenture shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.

Section 3.04 *No Third-Party Beneficiaries*. Nothing in this Supplemental Indenture, expressed or implied, shall give to any Person, other than the parties to the Indenture, any Paying Agent, any Conversion Agent, any authenticating agent, any Note Registrar and their successors under the Indenture or the holders of the Notes, any benefit or any legal or equitable right, remedy or claim under the Indenture, as supplemented hereby.

Section 3.05 *Severability*. In the event any provision of this Supplemental Indenture shall be invalid, illegal or unenforceable, then (to the extent permitted by law) the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired.

Section 3.06 *Headings*. The Article and Section headings of this Supplemental Indenture have been inserted for convenience of reference only and are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

Section 3.07 *Successors*. All agreements of the Company and the Trustee in this Supplemental Indenture shall bind their respective successors and assigns whether so expressed or not.

Section 3.08 *Governing Law; Jury Trial Waiver*. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS SUPPLEMENTAL INDENTURE.

Section 3.09 *Counterpart Signatures*. This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument.

*[Signature Pages Follow]* 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the day and year first written above.

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| | |
|:---|:---|
| **PROS HOLDINGS, INC.** | **PROS HOLDINGS, INC.** |
| By: | /s/ Jeff Cotten |
|  | Name: Jeff Cotten |
|  | Title: President and Chief Executive Officer |

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*[Signature Page to Supplemental Indenture (2027 Notes) – PROS Holdings, Inc.]* 

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| | |
|:---|:---|
| **WILMINGTON TRUST, NATIONAL ASSOCIATION as Trustee** | **WILMINGTON TRUST, NATIONAL ASSOCIATION as Trustee** |
| By: | /s/ Arlene Thelwell |
|  | Name: Arlene Thelwell |
|  | Title: Vice President |

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*[Signature Page to Supplemental Indenture (2027 Notes) – PROS Holdings, Inc.]*

## Exhibit 4.2

**Exhibit 4.2** 

**FIRST SUPPLEMENTAL INDENTURE** 

FIRST SUPPLEMENTAL INDENTURE, dated as of December 9, 2025 (this "**Supplemental Indenture**"), by and between PROS Holdings, Inc., a Delaware corporation (the "**Company**") and Wilmington Trust, National Association, as trustee (the "**Trustee**").

**RECITALS OF THE COMPANY** 

WHEREAS, the Company and the Trustee are parties to that certain Indenture, dated as of June 24, 2025 (the "**Indenture**"), pursuant to which the Company issued its 2.50% Convertible Senior Notes due 2030 (the "**Notes**");

WHEREAS, the Company is party to that certain Agreement and Plan of Merger, dated as of September 22, 2025 (the "**Merger Agreement**"), by and among Project Portofino Parent LLC, a Delaware limited liability company ("**Parent**"), Project Portofino Merger Sub, Inc., a Delaware corporation ("**Merger Sub**") and the Company, pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and as a wholly owned subsidiary of Parent (the "**Merger**") and, subject to the terms and conditions contained in the Merger Agreement, each share of common stock of the Company, par value $0.001 per share ("**Share**"), issued and outstanding prior to the effective time of the Merger will be cancelled and automatically converted into the right to receive $23.25 in cash (the "**Merger Consideration**");

WHEREAS, the Merger Consideration is to be paid to each holder of Shares without interest and less any applicable withholding taxes;

WHEREAS, the Merger constitutes a Merger Event, Fundamental Change and a Make-Whole Fundamental Change pursuant to the Indenture;

WHEREAS, in connection with the foregoing, Section 14.07(a) of the Indenture provides that the Company and the Trustee shall enter into a supplemental indenture prior to or at the effective time of the Merger, which shall provide that each Note shall, without the consent of any holders of the Notes as permitted by Section 10.01(j), become convertible solely into Reference Property (as defined below) upon such Merger;

WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture; and

WHEREAS, all conditions precedent provided for in the Indenture relating to the execution of this Supplemental Indenture have been complied with.

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH, for and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto mutually covenant and agree for the equal and proportionate benefit of the holders as follows:

ARTICLE I

DEFINITIONS

Section 1.01 *Definitions*. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Indenture.

ARTICLE II

EFFECT OF MERGER

Section 2.01 *Conversion of Notes*. In accordance with Sections 10.01(j) and 14.07(a) of the Indenture, as a result of the Merger, from and after the date of this Supplemental Indenture, the right to convert each $1,000 principal amount of Notes into Common Stock shall be changed to a right to convert such principal amount of

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Notes into the Merger Consideration that a holder of a number of Shares equal to the Conversion Rate upon such Merger Event would have owned or been entitled to receive (the "**Reference Property**"), which Reference Property shall be cash in an amount equal to $1,135.28 per $1,000 principal amount of Notes, in accordance with the Indenture, at any time from, and including, the date that the Merger becomes effective. The provisions of the Indenture, as modified herein, shall continue to apply, *mutatis mutandis*, to the holders' right to convert the Notes into the Reference Property. For the avoidance of doubt, from and after the effective time of the Merger, the Holders will not have the right to convert the Notes into Shares or other securities of the Company.

ARTICLE III

MISCELLANEOUS PROVISIONS

Section 3.01 *Effectiveness; Construction*. This Supplemental Indenture shall become effective upon its execution and delivery by the Company and the Trustee as of the date hereof. Upon such effectiveness, the Indenture shall be supplemented in accordance herewith. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. The Indenture and this Supplemental Indenture shall henceforth be read and construed together.

Section 3.02 *Indenture Remains in Full Force and Effect*. Except as supplemented hereby, all provisions in the Indenture shall remain in full force and effect.

Section 3.03 *Trustee Matters*. The Trustee accepts the Indenture, as supplemented hereby, and agrees to perform the same upon the terms and conditions set forth therein, as supplemented hereby. The Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. The recitals contained in this Supplemental Indenture shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.

Section 3.04 *No Third-Party Beneficiaries*. Nothing in this Supplemental Indenture, expressed or implied, shall give to any Person, other than the parties to the Indenture, any Paying Agent, any Conversion Agent, any authenticating agent, any Note Registrar and their successors under the Indenture or the holders of the Notes, any benefit or any legal or equitable right, remedy or claim under the Indenture, as supplemented hereby.

Section 3.05 *Severability*. In the event any provision of this Supplemental Indenture shall be invalid, illegal or unenforceable, then (to the extent permitted by law) the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired.

Section 3.06 *Headings*. The Article and Section headings of this Supplemental Indenture have been inserted for convenience of reference only and are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

Section 3.07 *Successors*. All agreements of the Company and the Trustee in this Supplemental Indenture shall bind their respective successors and assigns whether so expressed or not.

Section 3.08 *Governing Law; Jury Trial Waiver*. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS SUPPLEMENTAL INDENTURE.

Section 3.09 *Counterpart Signatures*. This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument.

*[Signature Pages Follow]* 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the day and year first written above.

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| | |
|:---|:---|
| **PROS HOLDINGS, INC.** | **PROS HOLDINGS, INC.** |
| By: | /s/ Jeff Cotten |
|  | Name: Jeff Cotten |
|  | Title: President and Chief Executive Officer |

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*[Signature Page to Supplemental Indenture (2030 Notes) – PROS Holdings, Inc.]* 

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| | |
|:---|:---|
| **WILMINGTON TRUST, NATIONAL ASSOCIATION as Trustee** | **WILMINGTON TRUST, NATIONAL ASSOCIATION as Trustee** |
| By: | /s/ Arlene Thelwell |
|  | Name: Arlene Thelwell |
|  | Title: Vice President |

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*[Signature Page to Supplemental Indenture (2030 Notes) – PROS Holdings, Inc.]*

## Exhibit 99.1

**Exhibit 99.1** 

**NOTICE TO HOLDERS OF** 

**PROS HOLDINGS, INC.** 

**2.250% CONVERTIBLE SENIOR NOTES DUE 2027** 

**OF SUPPLEMENTAL INDENTURE,** 

**FUNDAMENTAL CHANGE, MAKE-WHOLE FUNDAMENTAL CHANGE,** 

**FUNDAMENTAL CHANGE COMPANY NOTICE,** 

**REPURCHASE RIGHT, AND PAYMENT UPON CONVERSION** 

**CUSIP Number: 74346YAG8** 

**This repurchase right expires at 5:00 p.m., New York City time on January 7, 2026.** 

To the Holders of the 2.250% Convertible Senior Notes due 2027 (the "***Notes***") of PROS Holdings, Inc. (the "***Company***"):

The Company and Wilmington Trust, National Association, a national banking association organized under the laws of the United States, as trustee (the "***Trustee***"), paying agent (the "***Paying Agent***") and conversion agent (the "***Conversion Agent***"), are parties to that certain Indenture, dated as of September 15, 2020 (as supplemented or otherwise modified, the "***Indenture***"), concerning the Notes. This Notice is being delivered to the Holders, the Trustee and the Conversion Agent for the Notes pursuant to Sections 14.01(b)(iii), 14.03(b), 14.07 and 15.02 of the Indenture. Capitalized terms used but not otherwise defined in this Notice have the meanings given to them in the Indenture.

The Company entered into an Agreement and Plan of Merger, dated as of September 22, 2025 (the "***Merger Agreement***"), by and among the Company, Project Portofino Parent, LLC, a Delaware limited liability company ("***Parent***"), Portofino Merger Sub, Inc., a Delaware corporation and wholly owned direct subsidiary of Parent ("***Merger Sub***"), pursuant to which Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation and a wholly owned direct subsidiary of Parent (the "***Transaction***"). As a result of the Transaction, Parent has become the direct or indirect "beneficial owner," as defined in Rule 13d-3 under the Exchange Act, of the Common Stock representing more than 50% of the voting power of the Common Stock. The Transaction was consummated on December 9, 2025 (the "***Transaction Date***") and constitutes a Fundamental Change and a Make-Whole Fundamental Change under the Indenture.

***Supplemental Indenture***

In connection with the Transaction, the Trustee and the Company have entered into a supplemental indenture to the Indenture (the "***Supplemental Indenture***") pursuant to Sections 10.01(j) and 14.07(a) of the Indenture which provides that from and after the execution of the Supplemental Indenture, the right to convert each $1,000 principal amount of Notes into Common Stock was changed into a right to convert such principal amount of Notes into an amount of cash equal to the Conversion Rate in effect on the Conversion Date (subject to any adjustments under Section 14.03 of the Indenture) multiplied by $23.25, the consideration paid per share of Common Stock in the Transaction. A copy of the Supplemental Indenture is attached hereto as <u>Exhibit A</u>. At the current Conversion Rate of 23.9137 shares of Common Stock per $1,000 principal amount of Notes, upon conversion, each Holder will be entitled to receive $555.99 per $1,000 principal amount of the Notes. From and after the Transaction Date, Holders of Notes do not have the right to convert Notes into shares of Common Stock or other securities of the Company.

***Repurchase of the Notes***

**This Notice also constitutes a Fundamental Change Company Notice and is delivered pursuant to and in accordance with Section 15.02(c) of the Indenture.** 

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**The Transaction constitutes a Fundamental Change, giving the Holders of the Notes the right to require the Company to repurchase their Notes, subject to the terms and conditions of the Indenture, on January 8, 2026 (the "*Fundamental Change Repurchase Date*"). Holders' option to require the Company to repurchase their Notes expires at 5:00 p.m., New York City time on January 7, 2026 (the "*Expiration Time*"). Pursuant to the Indenture, the repurchase price for the Notes shall be an amount in cash equal to one hundred percent (100%) of the principal amount of the Notes (or portions thereof), plus accrued and unpaid interest thereon to, but excluding, the Fundamental Change Repurchase Date, to be so repurchased (the "*Fundamental Change Repurchase Price*").** 

To exercise the Fundamental Change repurchase right with respect to any Note, the beneficial owner must cause a book-entry transfer of its beneficial interests in such Note to be delivered through the facilities of the Depositary in accordance with its applicable procedures. A beneficial owner of Global Notes that are held of record by a broker, dealer, commercial bank, trust company or other nominee must instruct such broker, dealer, commercial bank, trust company or other nominee to effect the transaction on behalf of such beneficial owner, and to transmit an agent's message in connection with tenders made through the DTC Automated Tender Offer Program.

Subject to receipt of funds and/or Notes by the Paying Agent appointed by the Company, payment for Notes surrendered for repurchase (and not validly withdrawn prior to the Expiration Time) will be made on the later of (i) the Fundamental Change Repurchase Date (*provided* the Holder has satisfied the conditions in Section 15.02 of the Indenture) and (ii) the time of book-entry transfer or the delivery of such Note to the Paying Agent appointed by the Company by the Holder thereof in the manner required by Section 15.02.

On and after such Fundamental Change Repurchase Date (unless there shall be a Default in the payment of the Fundamental Change Repurchase Price or interest payable as provided in Article 15 of the Indenture), then, with respect to the Notes that have been properly surrendered for repurchase and have not been validly withdrawn, (i) such Notes will cease to be outstanding, (ii) interest will cease to accrue on such Notes (whether or not book-entry transfer of the Notes has been made or the Notes have been delivered to the Paying Agent) and (iii) all other rights of the Holders of such Notes will terminate (other than the right to receive the Fundamental Change Repurchase Price).

The Notes must be surrendered (or transferred by book-entry transfer) and the Fundamental Change Repurchase Notice must be delivered to the Paying Agent at the address specified below to collect payment of the Fundamental Change Repurchase Price:

Wilmington Trust, National Association

Global Capital Markets

1100 North Market Street

Wilmington, DE 19890

Attention: Workflow Management - 5th Floor

A Holder may withdraw its Fundamental Change Repurchase Notice (in whole or in part), which portion must be in principal amounts of $1,000 or a multiple of $1,000, by delivering a properly transmitted withdrawal message to the Depositary at any time prior to the Expiration Time in accordance with the applicable procedures of the Depositary in accordance with Section 15.03 of the Indenture. Notes with respect to which a Fundamental Change Repurchase Notice is given by a Holder may be converted pursuant to Article 14 of the Indenture only if such Fundamental Change Repurchase Notice has been withdrawn in accordance with the preceding sentence or if there shall be a Default in the payment of the Fundamental Change Repurchase Price or interest payable as provided in Article 6 of the Indenture.

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Holders that do not elect to require the Company to repurchase their Notes will maintain the right to convert their Notes in accordance with and subject to the terms of the Indenture.

***Fundamental Change, Make-Whole Fundamental Change and Payment Upon Conversion***

This Notice is also delivered pursuant to and in accordance with Sections 14.01(b)(iii) and 14.03(b) of the Indenture in connection with the occurrence of the Effective Date of a Fundamental Change and Make-Whole Fundamental Change.

Pursuant to Section 14.01(b)(iii) of the Indenture, Notes may be surrendered for conversion pursuant to the terms of the Indenture at any time during the period that begins on the Transaction Date and ends on the related Fundamental Change Repurchase Date. Holders who elect to convert their Notes during such period will receive $555.99 in cash per $1,000.00 principal amount of Notes validly surrendered for conversion.

**In addition, the Transaction also constitutes a Make-Whole Fundamental Change resulting in the issuance of Additional Shares upon conversion in connection with such Make-Whole Fundamental Change if certain conditions are met with respect to the Company's stock price. Pursuant to Section 14.03 of the Indenture, if a Notice of Conversion is received by the Conversion Agent in accordance with the terms of the Indenture at any time during the period that begins on and includes the Transaction Date (which is the Effective Date of the Make-Whole Fundamental Change) and ends on and includes January 7, 2026 (the "*Make-Whole Fundamental Change Period*"), the converting Holder shall receive Additional Shares in connection with such conversion. However, because the price of Common Stock was less than $31.56 per share on the Effective Date of the Make-Whole Fundamental Change, no Additional Shares shall be added to the Conversion Rate of 23.9137 shares of Common Stock pursuant to Section 14.03(e).** 

**Before any Holder of a Note shall be entitled to convert a Note, such Holder shall comply with the procedures of the Depositary in effect at that time and, if required, pay funds equal to interest payable on the next Interest Payment Date to which such Holder is not entitled as set forth in Section 14.02(h) of the Indenture. A Note shall be deemed to have been converted immediately prior to 5:00 p.m., New York City time on the date that the Holder has complied with the requirements above.** 

**The right of Holders to convert their Notes is separate from the right to require the Company to repurchase such Holder's Notes as a result of the Fundamental Change. You should review this Notice carefully and consult with your own financial and tax advisors. You must make your own decision as to whether or not to tender your Notes for repurchase or to exercise your conversion rights (if at all) and, if so, the principal amount of Notes to tender for repurchase or conversion. None of the Company, its Board of Directors, employees, advisors or representatives, the Paying Agent, the Trustee or the Conversion Agent or any other parties are making any representation or recommendation to any Holder as to whether or not to tender for repurchase or convert that Holder's Notes.** 

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Holders of the Notes should refer to the Indenture for a complete description of conversion and repurchase provisions and direct any questions concerning this notice to the Company.

**\*** **The CUSIP number is included solely for the convenience of the Holders of the Notes. Neither the Company nor the Trustee shall be responsible for the selection or use of the CUSIP number, nor is any representation made as to its correctness with respect to the Notes or as indicated in this Notice.** 

Dated: December 9, 2025 PROS HOLDINGS, INC.

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**<u>Exhibit A</u>**

**SUPPLEMENTAL INDENTURE** 

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**FIRST SUPPLEMENTAL INDENTURE** 

FIRST SUPPLEMENTAL INDENTURE, dated as of December 9, 2025 (this "**Supplemental Indenture**"), by and between PROS Holdings, Inc., a Delaware corporation (the "**Company**") and Wilmington Trust, National Association, as trustee (the "**Trustee**").

**RECITALS OF THE COMPANY** 

WHEREAS, the Company and the Trustee are parties to that certain Indenture, dated as of September 15, 2020 (the "**Indenture**"), pursuant to which the Company issued its 2.250% Convertible Senior Notes due 2027 (the "**Notes**");

WHEREAS, the Company is party to that certain Agreement and Plan of Merger, dated as of September 22, 2025 (the "**Merger Agreement**"), by and among Project Portofino Parent LLC, a Delaware limited liability company ("**Parent**"), Project Portofino Merger Sub, Inc., a Delaware corporation ("**Merger Sub**") and the Company, pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and as a wholly owned subsidiary of Parent (the "**Merger**") and, subject to the terms and conditions contained in the Merger Agreement, each share of common stock of the Company, par value $0.001 per share ("**Share**"), issued and outstanding prior to the effective time of the Merger will be cancelled and automatically converted into the right to receive $23.25 in cash (the "**Merger Consideration**");

WHEREAS, the Merger Consideration is to be paid to each holder of Shares without interest and less any applicable withholding taxes;

WHEREAS, the Merger constitutes a Merger Event, Fundamental Change and a Make-Whole Fundamental Change pursuant to the Indenture;

WHEREAS, in connection with the foregoing, Section 14.07(a) of the Indenture provides that the Company and the Trustee shall enter into a supplemental indenture prior to or at the effective time of the Merger, which shall provide that each Note shall, without the consent of any holders of the Notes as permitted by Section 10.01(j), become convertible solely into Reference Property (as defined below) upon such Merger;

WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture; and

WHEREAS, all conditions precedent provided for in the Indenture relating to the execution of this Supplemental Indenture have been complied with.

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH, for and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto mutually covenant and agree for the equal and proportionate benefit of the holders as follows:

ARTICLE I

DEFINITIONS

Section 1.01 *Definitions*. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Indenture.

ARTICLE II

EFFECT OF MERGER

Section 2.01 *Conversion of Notes*. In accordance with Sections 10.01(j) and 14.07(a) of the Indenture, as a result of the Merger, from and after the date of this Supplemental Indenture, the right to convert each $1,000 principal amount of Notes into Common Stock shall be changed to a right to convert such principal amount of

------

Notes into the Merger Consideration that a holder of a number of Shares equal to the Conversion Rate upon such Merger Event would have owned or been entitled to receive (the "**Reference Property**"), which Reference Property shall be cash in an amount equal to $555.99 per $1,000 principal amount of Notes, in accordance with the Indenture, at any time from, and including, the date that the Merger becomes effective. The provisions of the Indenture, as modified herein, shall continue to apply, *mutatis mutandis*, to the holders' right to convert the Notes into the Reference Property. For the avoidance of doubt, from and after the effective time of the Merger, the Holders will not have the right to convert the Notes into Shares or other securities of the Company.

ARTICLE III

MISCELLANEOUS PROVISIONS

Section 3.01 *Effectiveness; Construction*. This Supplemental Indenture shall become effective upon its execution and delivery by the Company and the Trustee as of the date hereof. Upon such effectiveness, the Indenture shall be supplemented in accordance herewith. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. The Indenture and this Supplemental Indenture shall henceforth be read and construed together.

Section 3.02 *Indenture Remains in Full Force and Effect*. Except as supplemented hereby, all provisions in the Indenture shall remain in full force and effect.

Section 3.03 *Trustee Matters*. The Trustee accepts the Indenture, as supplemented hereby, and agrees to perform the same upon the terms and conditions set forth therein, as supplemented hereby. The Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. The recitals contained in this Supplemental Indenture shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.

Section 3.04 *No Third-Party Beneficiaries*. Nothing in this Supplemental Indenture, expressed or implied, shall give to any Person, other than the parties to the Indenture, any Paying Agent, any Conversion Agent, any authenticating agent, any Note Registrar and their successors under the Indenture or the holders of the Notes, any benefit or any legal or equitable right, remedy or claim under the Indenture, as supplemented hereby.

Section 3.05 *Severability*. In the event any provision of this Supplemental Indenture shall be invalid, illegal or unenforceable, then (to the extent permitted by law) the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired.

Section 3.06 *Headings*. The Article and Section headings of this Supplemental Indenture have been inserted for convenience of reference only and are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

Section 3.07 *Successors*. All agreements of the Company and the Trustee in this Supplemental Indenture shall bind their respective successors and assigns whether so expressed or not.

Section 3.08 *Governing Law; Jury Trial Waiver*. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS SUPPLEMENTAL INDENTURE.

Section 3.09 *Counterpart Signatures*. This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument.

*[Signature Pages Follow]* 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the day and year first written above.

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| | |
|:---|:---|
| **PROS HOLDINGS, INC.** | **PROS HOLDINGS, INC.** |
| By: | /s/ Jeff Cotten |
|  | Name: Jeff Cotten |
|  | Title: President and Chief Executive Officer |

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*[Signature Page to Supplemental Indenture (2027 Notes) – PROS Holdings, Inc.]* 

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| | |
|:---|:---|
| **WILMINGTON TRUST, NATIONAL ASSOCIATION as Trustee** | **WILMINGTON TRUST, NATIONAL ASSOCIATION as Trustee** |
| By: | /s/ Arlene Thelwell |
|  | Name: Arlene Thelwell |
|  | Title: Vice President |

---

*[Signature Page to Supplemental Indenture (2027 Notes) – PROS Holdings, Inc.]*

## Exhibit 99.2

**Exhibit 99.2** 

**NOTICE TO HOLDERS OF** 

**PROS HOLDINGS, INC.** 

**2.50% CONVERTIBLE SENIOR NOTES DUE 2030** 

**OF SUPPLEMENTAL INDENTURE,** 

**FUNDAMENTAL CHANGE, MAKE-WHOLE FUNDAMENTAL CHANGE,** 

**FUNDAMENTAL CHANGE COMPANY NOTICE,** 

**REPURCHASE RIGHT, AND PAYMENT UPON CONVERSION** 

**CUSIP Number: 74346YAK9** 

**This repurchase right expires at 5:00 p.m., New York City time on January 7, 2026.** 

To the Holders of the 2.50% Convertible Senior Notes due 2030 (the "***Notes***") of PROS Holdings, Inc. (the "***Company***"):

The Company and Wilmington Trust, National Association, a national banking association organized under the laws of the United States, as trustee (the "***Trustee***"), paying agent (the "***Paying Agent***") and conversion agent (the "***Conversion Agent***"), are parties to that certain Indenture, dated as of June 24, 2025 (as supplemented or otherwise modified, the "***Indenture***"), concerning the Notes. This Notice is being delivered to the Holders, the Trustee and the Conversion Agent for the Notes pursuant to Sections 14.01(b)(iii), 14.03(b), 14.07 and 15.02 of the Indenture. Capitalized terms used but not otherwise defined in this Notice have the meanings given to them in the Indenture.

The Company entered into an Agreement and Plan of Merger, dated as of September 22, 2025 (the "***Merger Agreement***"), by and among the Company, Project Portofino Parent, LLC, a Delaware limited liability company ("***Parent***"), Portofino Merger Sub, Inc., a Delaware corporation and wholly owned direct subsidiary of Parent ("***Merger Sub***"), pursuant to which Merger Sub merged with and into the Company, with the Company continuing as the surviving corporation and a wholly owned direct subsidiary of Parent (the "***Transaction***"). As a result of the Transaction, Parent has become the direct or indirect "beneficial owner," as defined in Rule 13d-3 under the Exchange Act, of the Common Stock representing more than 50% of the voting power of the Common Stock. The Transaction was consummated on December 9, 2025 (the "***Transaction Date***") and constitutes a Fundamental Change and a Make-Whole Fundamental Change under the Indenture.

***Supplemental Indenture***

In connection with the Transaction, the Trustee and the Company have entered into a supplemental indenture to the Indenture (the "***Supplemental Indenture***") pursuant to Sections 10.01(j) and 14.07(a) of the Indenture which provides that from and after the execution of the Supplemental Indenture, the right to convert each $1,000 principal amount of Notes into Common Stock was changed into a right to convert such principal amount of Notes into an amount of cash equal to the Conversion Rate in effect on the Conversion Date (subject to any adjustments under Section 14.03 of the Indenture) multiplied by $23.25, the consideration paid per share of Common Stock in the Transaction. A copy of the Supplemental Indenture is attached hereto as <u>Exhibit A</u>. At the current Conversion Rate of 48.8293 shares of Common Stock per $1,000 principal amount of Notes, upon conversion, each Holder will be entitled to receive $1,135.28 per $1,000 principal amount of the Notes. From and after the Transaction Date, Holders of Notes do not have the right to convert Notes into shares of Common Stock or other securities of the Company.

***Repurchase of the Notes***

**This Notice also constitutes a Fundamental Change Company Notice and is delivered pursuant to and in accordance with Section 15.02(c) of the Indenture.** 

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**The Transaction constitutes a Fundamental Change, giving the Holders of the Notes the right to require the Company to repurchase their Notes, subject to the terms and conditions of the Indenture, on January 8, 2026 (the "*Fundamental Change Repurchase Date*"). Holders' option to require the Company to repurchase their Notes expires at 5:00 p.m., New York City time on January 7, 2026 (the "*Expiration Time*"). Pursuant to the Indenture, the repurchase price for the Notes shall be an amount in cash equal to one hundred percent (100%) of the principal amount of the Notes (or portions thereof), plus accrued and unpaid interest thereon to, but excluding, the Fundamental Change Repurchase Date, to be so repurchased (the "*Fundamental Change Repurchase Price*").** 

To exercise the Fundamental Change repurchase right with respect to any Note, the beneficial owner must cause a book-entry transfer of its beneficial interests in such Note to be delivered through the facilities of the Depositary in accordance with its applicable procedures. A beneficial owner of Global Notes that are held of record by a broker, dealer, commercial bank, trust company or other nominee must instruct such broker, dealer, commercial bank, trust company or other nominee to effect the transaction on behalf of such beneficial owner, and to transmit an agent's message in connection with tenders made through the DTC Automated Tender Offer Program.

Subject to receipt of funds and/or Notes by the Paying Agent appointed by the Company, payment for Notes surrendered for repurchase (and not validly withdrawn prior to the Expiration Time) will be made on the later of (i) the Fundamental Change Repurchase Date (*provided* the Holder has satisfied the conditions in Section 15.02 of the Indenture) and (ii) the time of book-entry transfer or the delivery of such Note to the Paying Agent appointed by the Company by the Holder thereof in the manner required by Section 15.02.

On and after such Fundamental Change Repurchase Date (unless there shall be a Default in the payment of the Fundamental Change Repurchase Price or interest payable as provided in Article 15 of the Indenture), then, with respect to the Notes that have been properly surrendered for repurchase and have not been validly withdrawn, (i) such Notes will cease to be outstanding, (ii) interest will cease to accrue on such Notes (whether or not book-entry transfer of the Notes has been made or the Notes have been delivered to the Paying Agent) and (iii) all other rights of the Holders of such Notes will terminate (other than the right to receive the Fundamental Change Repurchase Price).

The Notes must be surrendered (or transferred by book-entry transfer) and the Fundamental Change Repurchase Notice must be delivered to the Paying Agent at the address specified below to collect payment of the Fundamental Change Repurchase Price:

Wilmington Trust, National Association

Global Capital Markets

1100 North Market Street

Wilmington, DE 19890

Attention: Workflow Management - 5th Floor

A Holder may withdraw its Fundamental Change Repurchase Notice (in whole or in part), which portion must be in principal amounts of $1,000 or a multiple of $1,000, by delivering a properly transmitted withdrawal message to the Depositary at any time prior to the Expiration Time in accordance with the applicable procedures of the Depositary in accordance with Section 15.03 of the Indenture. Notes with respect to which a Fundamental Change Repurchase Notice is given by a Holder may be converted pursuant to Article 14 of the Indenture only if such Fundamental Change Repurchase Notice has been withdrawn in accordance with the preceding sentence or if there shall be a Default in the payment of the Fundamental Change Repurchase Price or interest payable as provided in Article 6 of the Indenture.

Holders that do not elect to require the Company to repurchase their Notes will maintain the right to convert their Notes in accordance with and subject to the terms of the Indenture.

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***Fundamental Change, Make-Whole Fundamental Change and Payment Upon Conversion***

This Notice is also delivered pursuant to and in accordance with Section 14.01(b)(iii) and 14.03(b) of the Indenture in connection with the occurrence of the Effective Date of a Fundamental Change and Make-Whole Fundamental Change.

Pursuant to Section 14.01(b)(iii) of the Indenture, Notes may be surrendered for conversion pursuant to the terms of the Indenture at any time during the period that begins on the Transaction Date and ends on the related Fundamental Change Repurchase Date. Holders who elect to convert their Notes during such period will receive $1,307.87 in cash per $1,000.00 principal amount of Notes validly surrendered for conversion pursuant to the Make-Whole Fundamental Change calculation below.

**In addition, the Transaction also constitutes a Make-Whole Fundamental Change resulting in the issuance of Additional Shares upon conversion in connection with such Make-Whole Fundamental Change if certain conditions are met with respect to the Company's stock price. Pursuant to Section 14.03 of the Indenture, if a Notice of Conversion is received by the Conversion Agent in accordance with the terms of the Indenture at any time during the period that begins on and includes the Transaction Date (which is the Effective Date of the Make-Whole Fundamental Change) and ends on and includes January 7, 2026 (the "*Make-Whole Fundamental Change Period*"), the converting Holder shall receive Additional Shares in connection with such conversion. Because the price of Common Stock was $23.25 per share on the Effective Date of the Make-Whole Fundamental Change, 7.4230 Additional Shares shall be added to the Conversion Rate of 48.8293 shares of Common Stock pursuant to Section 14.03(e), for a total Conversion Rate of 56.2523 shares of Common Stock per $1,000 principal amount of Notes.** 

**Before any Holder of a Note shall be entitled to convert a Note, such Holder shall comply with the procedures of the Depositary in effect at that time and, if required, pay funds equal to interest payable on the next Interest Payment Date to which such Holder is not entitled as set forth in Section 14.02(h) of the Indenture. A Note shall be deemed to have been converted immediately prior to 5:00 p.m., New York City time on the date that the Holder has complied with the requirements above.** 

**The right of Holders to convert their Notes is separate from the right to require the Company to repurchase such Holder's Notes as a result of the Fundamental Change. You should review this Notice carefully and consult with your own financial and tax advisors. You must make your own decision as to whether or not to tender your Notes for repurchase or to exercise your conversion rights (if at all) and, if so, the principal amount of Notes to tender for repurchase or conversion. None of the Company, its Board of Directors, employees, advisors or representatives, the Paying Agent, the Trustee or the Conversion Agent or any other parties are making any representation or recommendation to any Holder as to whether or not to tender for repurchase or convert that Holder's Notes.** 

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Holders of the Notes should refer to the Indenture for a complete description of conversion and repurchase provisions and direct any questions concerning this notice to the Company.

**\*** **The CUSIP number is included solely for the convenience of the Holders of the Notes. Neither the Company nor the Trustee shall be responsible for the selection or use of the CUSIP number, nor is any representation made as to its correctness with respect to the Notes or as indicated in this Notice.** 

Dated: December 9, 2025 PROS HOLDINGS, INC.

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**<u>Exhibit A</u>**

**SUPPLEMENTAL INDENTURE** 

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**FIRST SUPPLEMENTAL INDENTURE** 

FIRST SUPPLEMENTAL INDENTURE, dated as of December 9, 2025 (this "**Supplemental Indenture**"), by and between PROS Holdings, Inc., a Delaware corporation (the "**Company**") and Wilmington Trust, National Association, as trustee (the "**Trustee**").

**RECITALS OF THE COMPANY** 

WHEREAS, the Company and the Trustee are parties to that certain Indenture, dated as of June 24, 2025 (the "**Indenture**"), pursuant to which the Company issued its 2.50% Convertible Senior Notes due 2030 (the "**Notes**");

WHEREAS, the Company is party to that certain Agreement and Plan of Merger, dated as of September 22, 2025 (the "**Merger Agreement**"), by and among Project Portofino Parent LLC, a Delaware limited liability company ("**Parent**"), Project Portofino Merger Sub, Inc., a Delaware corporation ("**Merger Sub**") and the Company, pursuant to which Merger Sub will merge with and into the Company, with the Company continuing as the surviving corporation and as a wholly owned subsidiary of Parent (the "**Merger**") and, subject to the terms and conditions contained in the Merger Agreement, each share of common stock of the Company, par value $0.001 per share ("**Share**"), issued and outstanding prior to the effective time of the Merger will be cancelled and automatically converted into the right to receive $23.25 in cash (the "**Merger Consideration**");

WHEREAS, the Merger Consideration is to be paid to each holder of Shares without interest and less any applicable withholding taxes;

WHEREAS, the Merger constitutes a Merger Event, Fundamental Change and a Make-Whole Fundamental Change pursuant to the Indenture;

WHEREAS, in connection with the foregoing, Section 14.07(a) of the Indenture provides that the Company and the Trustee shall enter into a supplemental indenture prior to or at the effective time of the Merger, which shall provide that each Note shall, without the consent of any holders of the Notes as permitted by Section 10.01(j), become convertible solely into Reference Property (as defined below) upon such Merger;

WHEREAS, the Company has requested that the Trustee execute and deliver this Supplemental Indenture; and

WHEREAS, all conditions precedent provided for in the Indenture relating to the execution of this Supplemental Indenture have been complied with.

NOW, THEREFORE, THIS SUPPLEMENTAL INDENTURE WITNESSETH, for and in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto mutually covenant and agree for the equal and proportionate benefit of the holders as follows:

ARTICLE I

DEFINITIONS

Section 1.01 *Definitions*. Capitalized terms used but not defined herein have the meanings ascribed to such terms in the Indenture.

ARTICLE II

EFFECT OF MERGER

Section 2.01 *Conversion of Notes*. In accordance with Sections 10.01(j) and 14.07(a) of the Indenture, as a result of the Merger, from and after the date of this Supplemental Indenture, the right to convert each $1,000 principal amount of Notes into Common Stock shall be changed to a right to convert such principal amount of

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Notes into the Merger Consideration that a holder of a number of Shares equal to the Conversion Rate upon such Merger Event would have owned or been entitled to receive (the "**Reference Property**"), which Reference Property shall be cash in an amount equal to $1,135.28 per $1,000 principal amount of Notes, in accordance with the Indenture, at any time from, and including, the date that the Merger becomes effective. The provisions of the Indenture, as modified herein, shall continue to apply, *mutatis mutandis*, to the holders' right to convert the Notes into the Reference Property. For the avoidance of doubt, from and after the effective time of the Merger, the Holders will not have the right to convert the Notes into Shares or other securities of the Company.

ARTICLE III

MISCELLANEOUS PROVISIONS

Section 3.01 *Effectiveness; Construction*. This Supplemental Indenture shall become effective upon its execution and delivery by the Company and the Trustee as of the date hereof. Upon such effectiveness, the Indenture shall be supplemented in accordance herewith. This Supplemental Indenture shall form a part of the Indenture for all purposes, and every holder of Notes heretofore or hereafter authenticated and delivered under the Indenture shall be bound thereby. The Indenture and this Supplemental Indenture shall henceforth be read and construed together.

Section 3.02 *Indenture Remains in Full Force and Effect*. Except as supplemented hereby, all provisions in the Indenture shall remain in full force and effect.

Section 3.03 *Trustee Matters*. The Trustee accepts the Indenture, as supplemented hereby, and agrees to perform the same upon the terms and conditions set forth therein, as supplemented hereby. The Trustee shall be entitled to the benefit of every provision of the Indenture relating to the conduct or affecting the liability or affording protection to the Trustee, whether or not elsewhere herein so provided. The recitals contained in this Supplemental Indenture shall be taken as the statements of the Company and the Trustee assumes no responsibility for their correctness. The Trustee makes no representation as to the validity or sufficiency of this Supplemental Indenture.

Section 3.04 *No Third-Party Beneficiaries*. Nothing in this Supplemental Indenture, expressed or implied, shall give to any Person, other than the parties to the Indenture, any Paying Agent, any Conversion Agent, any authenticating agent, any Note Registrar and their successors under the Indenture or the holders of the Notes, any benefit or any legal or equitable right, remedy or claim under the Indenture, as supplemented hereby.

Section 3.05 *Severability*. In the event any provision of this Supplemental Indenture shall be invalid, illegal or unenforceable, then (to the extent permitted by law) the validity, legality or enforceability of the remaining provisions shall not in any way be affected or impaired.

Section 3.06 *Headings*. The Article and Section headings of this Supplemental Indenture have been inserted for convenience of reference only and are not to be considered a part of this Supplemental Indenture and shall in no way modify or restrict any of the terms or provisions hereof.

Section 3.07 *Successors*. All agreements of the Company and the Trustee in this Supplemental Indenture shall bind their respective successors and assigns whether so expressed or not.

Section 3.08 *Governing Law; Jury Trial Waiver*. THIS SUPPLEMENTAL INDENTURE SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF THE STATE OF NEW YORK. EACH PARTY HERETO, AND EACH HOLDER OF A SECURITY BY ACCEPTANCE THEREOF, HEREBY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS SUPPLEMENTAL INDENTURE.

Section 3.09 *Counterpart Signatures*. This Supplemental Indenture may be executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument.

*[Signature Pages Follow]* 

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IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the day and year first written above.

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|:---|:---|
| **PROS HOLDINGS, INC.** | **PROS HOLDINGS, INC.** |
| By: | /s/ Jeff Cotten |
|  | Name: Jeff Cotten |
|  | Title: President and Chief Executive Officer |

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*[Signature Page to Supplemental Indenture (2030 Notes) – PROS Holdings, Inc.]* 

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| | |
|:---|:---|
| **WILMINGTON TRUST, NATIONAL ASSOCIATION as Trustee** | **WILMINGTON TRUST, NATIONAL ASSOCIATION as Trustee** |
| By: | /s/ Arlene Thelwell |
|  | Name: Arlene Thelwell |
|  | Title: Vice President |

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*[Signature Page to Supplemental Indenture (2030 Notes) – PROS Holdings, Inc.]*

## Exhibit 99.3

**Exhibit 99.3**![LOGO](g54162g1209034823914.jpg)

**Thoma Bravo Completes Acquisition of PROS Holdings, Inc.** 

**SAN FRANCISCO – Dec. 9, 2025 –** Thoma Bravo, a leading software investment firm, today announced the completion of its acquisition of PROS Holdings, Inc. ("PROS"), a leading provider of AI-powered SaaS pricing and selling solutions, in an all-cash transaction valuing PROS at approximately $1.4 billion.

With the completion of the transaction, PROS shareholders will receive $23.25 per share in cash for each share of common stock they owned. The company's common stock has ceased trading and will be delisted from NYSE.

As previously announced, with the closing of this transaction, Thoma Bravo will run PROS' travel business as a platform investment ("PROS Travel"), while PROS' B2B business will combine with Thoma Bravo's existing portfolio company Conga, a leader for AI-powered innovation in configure, price, quote, contract lifecycle management and document automation. Conga's acquisition of PROS' B2B business is expected to close in Q1 2026, subject to customary closing conditions.

Sunil John will serve as the CEO of PROS Travel, and Jeff Cotten will transition to the PROS Travel Board of Directors and provide continued leadership. Sunil has more than two decades of experience at PROS, most recently serving as Chief Product Officer, and will be responsible for overseeing the strategic direction and continued growth of PROS Travel. "At a time when the airline industry stands at a pivotal turning point, we have an incredible opportunity to accelerate our innovation and empower modern airline retailing through intelligent, dynamic experiences that will define the future of travel," said Sunil John.

"I am immensely proud of everything we have achieved to ready PROS for its new chapter and continued evolution delivering world-class AI-powered sales optimization software," said Jeff Cotten, President and CEO of PROS. "As a private company with Thoma Bravo's support and Sunil's exceptional leadership, PROS Travel will gain the agility and flexibility needed to deliver on our strategic priorities and remain at the forefront of AI in the dynamic travel sector. At the same time, combining PROS' B2B business with Conga will enable focused innovation and unlock broader and more powerful intelligent commerce solutions for B2B customers."

"PROS has built a trusted portfolio of AI-driven solutions serving both the travel and B2B sectors, and we're excited by the opportunities ahead for both businesses to strengthen their leadership positions in their respective categories," said A.J. Rohde, a Senior Partner at Thoma Bravo. "We look forward to applying our sector and operational expertise to advance AI capabilities and propel growth."

**Advisors** 

Qatalyst Partners served as exclusive financial advisor to PROS, DLA Piper LLP (US) served as its legal counsel and Joele Frank, Wilkinson Brimmer Katcher served as its strategic communications advisor. Evercore served as financial advisor to Thoma Bravo, Kirkland & Ellis LLP served as its legal counsel and FGS Global served as its strategic communications advisor.

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**About PROS** 

PROS Holdings, Inc. (NYSE: PRO) is a leading provider of SaaS solutions that optimize omnichannel shopping and selling experiences, powering intelligent commerce. Leveraging leadership in revenue and pricing science, the PROS Platform combines predictive AI, real-time analytics, and powerful automation to dynamically match offers to buyers and prices to products. Businesses win more with PROS. Learn more at <u>pros.com</u>.

**About Thoma Bravo** 

Thoma Bravo is the world's largest software-focused investment firm, with over US$181 billion in assets under management as of September 30, 2025. Through its private equity and credit strategies, the firm invests in growth-oriented, innovative companies operating in the software and technology sectors. Leveraging Thoma Bravo's deep sector knowledge and strategic and operational expertise, the firm collaborates with its portfolio companies to implement operating best practices and drive growth initiatives. Over the past 20+ years, the firm has acquired or invested in approximately 565 companies representing approximately US$285 billion in enterprise value (including control and non-control investments). The firm has offices in Chicago, Dallas, London, Miami, New York and San Francisco. For more information, visit Thoma Bravo's website at thomabravo.com.

**Contacts** 

**Thoma Bravo** 

Megan Frank

mfrank@thomabravo.com

or

FGS Global

Nicky Bryan / Abigail Farr

<u>ThomaBravo-US@fgsglobal.com</u> 

**PROS** 

Media

Amy Williams

+1 713-335-5916

awilliams@pros.com

or

Jamie Moser / Aura Reinhard

Joele Frank, Wilkinson Brimmer Katcher

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| ![LOGO](g54162g1209034824072.jpg) | 2.0 |

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+1 212-355-4449

Investor Relations

Belinda Overdeput

+1 713-335-5879

ir@pros.com

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|:---|:---|
| ![LOGO](g54162g1209034824072.jpg) | 3.0 |

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