Sec Form 3 Filing - Progress Capital I, LLC @ Progress Acquisition Corp. - 2021-02-08

FORM 3 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Progress Capital I, LLC 2. Issuer Name and Ticker or Trading Symbol Progress Acquisition Corp. [ PRGWU] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) 50 MILK STREET, 16TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 02/08/2021 (Street) BOSTON, MA02109 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Class B Common Stock, ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 3,593,750 ( 1 ) ( 2 ) I ( 2 ) ( 3 ) See footnote ( 3 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Progress Capital I, LLC 50 MILK STREET, 16TH FLOOR BOSTON, MA02109 X Schlichting Warren 50 MILK STREET, 16TH FLOOR BOSTON, MA02109 X X Chief Executive Officer Gallagher Richard F 50 MILK STREET, 16TH FLOOR BOSTON, MA02109 X Chief Financial Officer Arslanian David J 50 MILK STREET, 16TH FLOOR BOSTON, MA02109 X President Signatures Progress Capital I LLC, by Warren Schlichting, Authorized Signatory /s/ Warren Schlichting 02/08/2021 Signature of Reporting Person Date /s/ Warren Schlichting 02/08/2021 Signature of Reporting Person Date /s/ Richard Gallagher 02/08/2021 Signature of Reporting Person Date /s/ David Arslanian 02/08/2021 Signature of Reporting Person Date

Explanation of Responses:

( 1 )As described in the issuer's registration statement on Form S-1 (File No. 333-252084) (the "Registration Statement") under the heading "Description of Securities - Founder Shares", Class B common stock will automatically convert into Class A common stock at the time of the issuer's initial business combination, on a one-for-one basis, subject to certain adjustments described therein, and have no expiration date. ( 2 )The shares of Class B common stock held directly by Progress Capital I LLC (the "Sponsor") were acquired pursuant to a subscription agreement by and between the Sponsor and the issuer. The Class B ordinary shares owned by the Sponsor include up to 468,750 shares that are subject to forfeiture in the event the underwriters of the issuer's initial public offering do not exercise in full their over-allotment option, as described in the Registration Statement. ( 3 )Warren Schlichting, Chief Executive Officer and Director of the issuer, Richard Gallagher, Chief Financial Officer of the issuer, and David Arslanian, President of the issuer, are the managing members of the Sponsor and share voting and investment discretion with respect to the securities held directly by the Sponsor. As such, Messrs. Schlichting, Gallagher and Arslanian may be deemed to have indirect beneficial ownership of Class B ordinary shares held directly by the Sponsor. Messrs. Schlichting, Gallagher and Arslanian disclaim any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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