Sundar Subramanian - 10 Mar 2026 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Role
EVP/GM Infrastructure Mgmt
Signature
Anthony Folger, Attorney-in-Fact
Issuer symbol
PRGS
Transactions as of
10 Mar 2026
Net transactions value
-$874,260
Form type
4
Filing time
12 Mar 2026, 16:41:44 UTC
Previous filing
03 Feb 2026
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Subramanian Sundar EVP/GM Infrastructure Mgmt C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON Anthony Folger, Attorney-in-Fact 12 Mar 2026 0001897760

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PRGS Common Stock Options Exercise +2,420 +7% $38.06* 37,136 10 Mar 2026 Direct
transaction PRGS Common Stock Sale $615,684 -16,427 -44% $37.48 20,709 10 Mar 2026 Direct F1, F2
transaction PRGS Common Stock Sale $197,328 -5,167 -25% $38.19 15,542 10 Mar 2026 Direct F1, F3
transaction PRGS Common Stock Options Exercise +1,600 +10% $38.06* 17,142 11 Mar 2026 Direct
transaction PRGS Common Stock Sale $61,248 -1,600 -9.3% $38.28 15,542 11 Mar 2026 Direct F1, F4

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PRGS Employee Stock Options (Right to buy) Options Exercise -2,420 -17% $0.000000* 12,197 10 Mar 2026 Common Stock 2,420 $38.06 Direct F5
transaction PRGS Employee Stock Options (Right to buy) Options Exercise -1,600 -13% $0.000000* 10,597 11 Mar 2026 Common Stock 1,600 $38.06 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The sale reported in this Form 4 was effected pursuant to a preexisting Rule 10b5-1 trading plan adopted by the Reporting Person on October 27, 2025, prior to the recent volatility in Progress Software Corporation's (the "Company's") stock price and in compliance with all applicable laws and regulations. The sale is reported on two rows due to being executed in multiple trades across a price range that exceeded $1.
F2 This tranche of the sale was executed in multiple trades at prices ranging from $36.87 to $37.86 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F3 This tranche of the sale was executed in multiple trades at prices ranging from $37.87 to $38.26 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F4 This tranche of the sale was executed in multiple trades at prices ranging from $38.18 to $38.51 per share. The price reported represents the weighted average sale price of these trades. The Reporting Person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.
F5 Options were granted to the Reporting Person on September 30, 2019 under the Company's 2008 Stock Option and Incentive Plan (the "Plan"). As of October 1, 2023, 14,617 options were vested and exercisable.