Sundar Subramanian - 01 Jul 2026 Form 4 Insider Report for PROGRESS SOFTWARE CORP /MA (PRGS)

Reporting relationship: EVP/GM Infrastructure Mgmt
Issuer ticker: PRGS
Reported as of: 01 Jul 2026
Net transaction value: -$405,547
SEC form: 4
Accepted by SEC: 06 Jul 2026, 16:17:14 UTC
Prior SEC filing: 03 Apr 2026
Source filing: View source filing
Reporting owner signature: Anthony Folger, Attorney-in-Fact

Key filing fact

Sundar Subramanian filed Form 4 for PROGRESS SOFTWARE CORP /MA (PRGS) on 06 Jul 2026.

Key facts

This page summarizes Sundar Subramanian's Form 4 filing for PROGRESS SOFTWARE CORP /MA (PRGS).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 06 Jul 2026, 16:17.

Change

Previous filing in this sequence was filed on 03 Apr 2026.
Current net transaction value: -$405,547.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001897760 Primary reporting owner

Subramanian Sundar

Relationship: EVP/GM Infrastructure Mgmt
Address: C/O PROGRESS SOFTWARE CORPORATION, 15 WAYSIDE ROAD, SUITE 400, BURLINGTON
Signature: Anthony Folger, Attorney-in-Fact
Signature date: 06 Jul 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PRGS transaction

Common Stock

Options Exercise

Transaction value
Shares: +10,597
Change %: +58%
Price: $38.06^*
Shares after: 28,967
Date: 01 Jul 2026
Ownership: Direct
Footnotes: F1

PRGS transaction

Common Stock

Sale

Transaction value: $405,547
Shares: -10,597
Change %: -37%
Price: $38.27
Shares after: 18,370
Date: 01 Jul 2026
Ownership: Direct
Footnotes: F2, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PRGS transaction Derivative

Employee Stock Options (Right to buy)

Options Exercise

Transaction value
Shares: -10,597
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Jul 2026
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,597
Exercise price: $38.06
Footnotes: F4

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 4 footnotes

Footnote F1

Includes 579 shares of Progress Software Corporation's (the "Company") common stock, par value $0.01 per share ("Common Stock"), acquired by the Reporting Person on March 31, 2026, through the Company's Employee Stock Purchase Plan.

Footnote F2

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 the price of the Company's Common Stock, and in compliance with all applicable laws and regulations.

Footnote F3

This tranche of the sale was executed in multiple trades at prices ranging from $38.16 to $38.49 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.

Footnote F4

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.