PROGRESS SOFTWARE CORP /MA — Director's Dealing 2026

Jan 26, 2026

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROGRESS SOFTWARE CORP /MA (PRGS)
CIK: 0000876167
Period of Report: 2026-01-22

Reporting Person: Subramanian Sundar (EVP/GM Infrastructure Mgmt)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2026-01-26	Common Stock	S	1352	$42.37	Disposed	29066	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2026-01-22	Restricted Stock Units	$	A	13334	Acquired		Common Stock (13334)	Direct
2026-01-22	Employee Stock Options (Right to buy)	$42.75	A	31510	Acquired	2033-01-21	Common Stock (31510)	Direct

Footnotes

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.

F2: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock.

F3: Represents restricted stock units granted to the Reporting Person pursuant to the Company's 2008 Stock Option and Incentive Plan (as amended and restated, the "Plan"). The restricted stock units vest in six equal semiannual installments beginning on October 1, 2026, subject to the continued employment of the Reporting Person with the Company.

F4: Represents stock options granted to the Reporting Person pursuant to the Plan. The stock options vest in eight equal semiannual installments beginning on October 1, 2026, subject to the continued employment of the Reporting Person with the Company.