4/A: Tyler Technologies Director Dustin Womble Amends Form 4 Filing to Correctly Report Share Sales
SEC Form 4/A
Dustin Womble, a director at Tyler Technologies, amended a previous Form 4 filing to correct the reporting of share sales executed on February 27 and 28, 2024.
Summary
- This is an amendment to a Form 4 filing by Dustin R. Womble, a director of Tyler Technologies Inc.
- The amendment corrects errors in the original filing from February 29, 2024, regarding the sale of common stock on February 27 and 28, 2024.
- The original filing incorrectly reported 7,500 shares sold on February 28, 2024, as indirectly held shares.
- The amendment also clarifies that the amount of securities directly beneficially owned after each sale did not account for prior transfers of shares from the reporting person's revocable grantor trust.
- On February 27, 2024, 5,205 shares were sold at a weighted average price of $463.4531 per share.
- On February 28, 2024, 7,500 shares were sold at a weighted average price of $438.6615 per share.
- After the reported transactions, Womble directly owns 11,959 shares and indirectly owns 15,921 shares through a revocable grantor trust.
Sentiment
Score: 5
Explanation: The document is a routine correction of a regulatory filing, indicating a neutral sentiment. It doesn't inherently suggest positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to the market.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis to gauge management's perspective on the company's valuation and future prospects.
- Comparing the trading activity of Tyler Technologies' insiders with those of its competitors (e.g., Oracle, SAP) can provide insights into relative valuations and sentiment.
Stakeholder Impact
- The correction of the Form 4 filing ensures accurate information is available to shareholders and potential investors.
Key Dates
| Date | Description |
|---|---|
| 02/27/2024 | Sale of 5,205 shares of common stock. |
| 02/28/2024 | Sale of 7,500 shares of common stock. |
| 02/29/2024 | Original Form 4 filing date (now amended). |
| 03/26/2024 | Date of amended Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.