Arun Oberoi, the executive vice president of global sales and services for Red Hat Inc., profited $1,269,750 from a stock sale, according to a Form 4 filing with the Securities and Exchange Commission.

The transaction occurred on April 5. Oberoi sold 15,000 shares at a price of $84.65 per share. Following the sale, Oberoi still owns 87,249 shares worth roughly $7,385,627.

Oberoi joined Red Hat in 2012. Previously, he served as CEO of Viridity Software and Aveksa.

Red Hat is a Raleigh-based American software company that provides open-source software products.

Red Hat stock closed Friday at $84.91, down 9 cents, or 0.11 percent.