Form 4: Agilysys Inc. CEO Sells 10,000 Shares
SEC Form 4 Filing
Agilysys Inc. CEO Ramesh Srinivasan sold 10,000 shares of common stock at an average price of $102.03 on September 9, 2024.
Summary
- On September 9, 2024, Ramesh Srinivasan, the President and CEO of Agilysys Inc., sold 10,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $102.03 per share, with individual transactions ranging from $100.92 to $103.78.
- Following the transaction, Srinivasan directly owns 738,367 shares of Agilysys Inc.
- Srinivasan also indirectly owns 60,000 shares through the Ramesh and Sujatha Srinivasan Living Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of a stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine disclosure of an insider stock sale. It's common for executives to periodically sell shares for personal financial management.
Stakeholder Impact
- The stock sale could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of the stock sale transaction |
| 09/10/2024 | Date of signature for the Form 4 filing |
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