Form 4 for PRGS PROGRESS SOFTWARE CORP /MA
Accepted 2026-07-06 16:17:14 ET · period of report 2026-07-01 · accession 0000876167-26-000097 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DT | 2026-07-06 16:17 | 2026-07-01 | PRGS | Subramanian Sundar | EVP, GM Infrastructure Mgmt | M - OptEx | $38.06 | +10.6K | 29.0K | +58% | +$403.3K |
| DT | 2026-07-06 16:17 | 2026-07-01 | PRGS | Subramanian Sundar | EVP, GM Infrastructure Mgmt | S - Sale+OE | $38.27 | -10.6K | 18.4K | -37% | -$405.5K |
| DT | 2026-07-06 16:17 | 2026-07-01 | PRGS | Subramanian Sundar | EVP, GM Infrastructure Mgmt | M - OptEx | $0.00 | -10.6K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2026-07-01 | M | A | 10,597 | $38.06 | 28,967 | D | — | — | (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. |
| 2 | Common | Common Stock | 2026-07-01 | S | D | 10,597 | $38.27 | 18,370 | D | — | — | (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. (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. |
| 3 | Derivative | Employee Stock Options (Right to buy) | 2026-07-01 | M | D | 10,597 | $0.00 | 0 | D | $38.06 · — to 2026-09-29 | 10,597 Common Stock | (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. |