January 2, 2024 · Form 4 insider transaction
Subramanian Sundar sold 8,109 shares of Progress Software Corporation at $54.02 per share, a transaction worth $438.1K. The trade was recorded as open-market sale under a pre-scheduled Rule 10b5-1 plan and disclosed on an SEC Form 4, filed 2 days after the transaction.
The trading activity reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 9, 2023.; This transaction was executed in multiple trades at prices ranging from $53.705 to $54.205 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.