Trade Summary

5 days ago, Subramanian Sundar, serving as EVP, GM Infrastructure Mgmt at Progress Software Corp /Ma (PRGS), sold 23,194 shares at $37.69 per share, for a total transaction value of $874,260.00. Following this transaction, Subramanian Sundar now holds 15,542 shares of PRGS.

This sale represents a 60.00% decrease in Subramanian Sundar's stake in the company. This is considered a high-conviction trade given the significant change in ownership.

The trade was executed on Tuesday, March 10, 2026 and publicly disclosed via SEC Form 4 filing on Thursday, March 12, 2026, 2 days after the trade was made.

Progress Software Corp /Ma operates in the TECHNOLOGY sector, specifically within the SOFTWARE - INFRASTRUCTURE industry. Insider selling activity in this sector can provide valuable signals about industry trends and company-specific developments.