Form 4: Agilysys SVP Sells Shares to Cover Tax Obligations Following Restricted Stock Vesting

Agilysys Inc.'s Senior Vice President, General Counsel, and Secretary, Kyle C. Badger, sold 326 shares of common stock at $113.39 per share to satisfy tax withholding obligations related to the vesting of restricted stock.

Summary

• Kyle C. Badger, SVP, GC and Secretary of Agilysys Inc. (AGYS), executed a sale of common stock.
• The transaction occurred on July 1, 2025.
• A total of 326 shares of Agilysys common stock were sold.
• The shares were sold at a price of $113.39 per share.
• The sale was conducted to cover withholding tax obligations arising from the vesting of restricted common stock on June 30, 2025.
• Following this transaction, Kyle C. Badger beneficially owns 114,791 shares of Agilysys common stock.

Sentiment

Score: 5

Explanation: The transaction is a routine 'sell to cover' for tax purposes, which is a neutral event and does not indicate a change in management's sentiment towards the company's prospects.

Positives

• The transaction indicates the vesting of restricted common stock, which is a form of compensation for the executive.

Negatives

• An insider sold shares, reducing their direct ownership by 326 shares, although this was for tax purposes rather than a discretionary sale.

Future Outlook

No forward-looking statements or guidance are provided in this Form 4 filing.

Management Comments

• Shares sold to fund withholding tax obligations arising from the vesting of restricted Common Stock on June 30, 2025 (sell to cover).

Industry Context

This Form 4 filing reports a routine insider transaction (sell to cover) and does not provide information relevant to broader industry trends or competitor analysis.

Related Party Transactions

• Kyle C. Badger, an officer of Agilysys Inc., sold 326 shares of common stock to cover tax obligations related to the vesting of restricted stock.

Stakeholder Impact

• Shareholders: Minimal direct impact as this is a small, routine transaction for tax purposes and does not signal a change in company fundamentals or executive confidence.
• Employees: The vesting of restricted stock is a positive for the executive, representing a component of their compensation.

Key Dates

Keywords

Agilysys, AGYS, Form 4, Insider Trading, Stock Sale, Restricted Stock, Tax Obligations, Executive Compensation, Kyle C. Badger