Form 4: Agilysys Controller Sells Shares to Cover Tax Obligations from Restricted Stock Vesting
Insider Transaction Report
Agilysys Controller Chris J Robertson sold 258 shares of common stock on July 1, 2025, at $113.39 per share to cover tax obligations arising from the vesting of restricted stock.
Summary
- Chris J Robertson, Controller of Agilysys Inc. (AGYS), reported a transaction involving the company's common stock.
- The transaction occurred on July 1, 2025, and involved the disposition of 258 shares.
- The shares were sold at a price of $113.39 per share.
- The purpose of the sale was to fund withholding tax obligations resulting from the vesting of restricted common stock on June 30, 2025.
- Following this transaction, Chris J Robertson beneficially owns 21,137 shares of Agilysys common stock.
- The transaction was made pursuant to a contract, instruction, or written plan for the purchase or sale of equity securities, intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
Sentiment
Score: 5
Explanation: The transaction is a routine 'sell to cover' for tax purposes, which is a neutral event and does not indicate positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
No forward-looking statements or guidance are provided in this Form 4 filing, as it pertains to a past or pre-scheduled insider transaction.
Management Comments
- Shares were sold to fund withholding tax obligations arising from the vesting of restricted Common Stock on June 30, 2025 (sell to cover).
Industry Context
This filing details a routine, tax-related insider stock transaction specific to Agilysys Inc. and its Controller. It does not provide information relevant to broader industry trends or competitive dynamics.
Stakeholder Impact
- Shareholders: The sale of a small number of shares by a Controller for tax purposes is a routine event and is unlikely to have a material impact on the company's share price or shareholder value.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Vesting date of restricted Common Stock, which triggered the withholding tax obligations. |
| 07/01/2025 | Date of the reported transaction where shares were sold. |
| 07/03/2025 | Date the Form 4 filing was signed by the attorney-in-fact for the reporting person. |
Keywords
Agilysys, AGYS, Form 4, Insider Transaction, Stock Sale, Restricted Stock, Tax Obligations, Controller, 10b5-1 Plan
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