SUBRAMANIAN SUNDAR (EVP/GM DevSecOps) exercised options at PROGRESS SOFTWARE CORP /MA

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

SUBRAMANIAN SUNDAR

Filed: 10/3/2025ACC: 0000876167-25-000164

InsiderSUBRAMANIAN SUNDARCIK 1897760

→

IssuerPROGRESS SOFTWARE CORP /MACIK 876167

Officer· EVP/GM DevSecOps

Since Dec 2021

-1.79K

Net shares

Net seller

$79.3K

Total sold

Open market trades

0B · 0S

Total transactions

4.04K acquired · 5.84K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+1.17K

Price / share

—

Trade value

—

% of position

4.1%

10/1/2025

28.17K→29.34K

Common Stock

Direct

F · Tax Withholding

−518.00

Price / share

$44.21

Trade value

$22.90K

% of position

1.8%

10/1/2025

29.34K→28.82K

Common Stock

Direct

M · Option Exercise

+1.17K

Price / share

—

Trade value

—

% of position

4.0%

10/1/2025

28.82K→29.98K

Common Stock

Direct

F · Tax Withholding

−518.00

Price / share

$44.21

Trade value

$22.90K

% of position

1.7%

10/1/2025

29.98K→29.47K

Common Stock

Direct

M · Option Exercise

+1.71K

Price / share

—

Trade value

—

% of position

5.8%

10/1/2025

29.47K→31.18K

Common Stock

Direct

F · Tax Withholding

−758.00

Price / share

$44.21

Trade value

$33.51K

% of position

2.4%

10/1/2025

31.18K→30.42K

Total

Net shares

+2.25K

Net value

-$79.31K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	10/1/2025	M · Option Exercise	+1.17K	—	—	4.1%	28.17K	29.34K
Common Stock Direct	10/1/2025	F · Tax Withholding	−518.00	$44.21	$22.90K	1.8%	29.34K	28.82K
Common Stock Direct	10/1/2025	M · Option Exercise	+1.17K	—	—	4.0%	28.82K	29.98K
Common Stock Direct	10/1/2025	F · Tax Withholding	−518.00	$44.21	$22.90K	1.7%	29.98K	29.47K
Common Stock Direct	10/1/2025	M · Option Exercise	+1.71K	—	—	5.8%	29.47K	31.18K
Common Stock Direct	10/1/2025	F · Tax Withholding	−758.00	$44.21	$33.51K	2.4%	31.18K	30.42K
Total			+2.25K		-$79.31K

Derivative Transactions3

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

1.17K shares

−1.17K

Strike price

Held after

1.17K

Exercisable

—

10/1/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

1.17K shares

−1.17K

Strike price

Held after

3.50K

Exercisable

—

10/1/2025

Restricted Stock Units

Direct

M · Option Exercise

Converts to

Common Stock

1.71K shares

−1.71K

Strike price

Held after

8.55K

Exercisable

—

10/1/2025

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Units Direct	Common Stock1.17K shares	10/1/2025	M · Option Exercise	−1.17K	—	1.17K
Restricted Stock Units Direct	Common Stock1.17K shares	10/1/2025	M · Option Exercise	−1.17K	—	3.50K
Restricted Stock Units Direct	Common Stock1.71K shares	10/1/2025	M · Option Exercise	−1.71K	—	8.55K