SRINIVASAN RAMESH 4

What Happened

• Srinivasan Ramesh, President & CEO and a director of Agilysys, exercised stock options on March 10, 2026. He acquired a total of 45,238 shares through three option exercises (11,310; 21,035; 12,893) at an exercise price of $73.31 per share, for an aggregate cash outlay reported as about $3,316,398. The filing also shows the corresponding derivative option interests were disposed (canceled) at $0.00 as part of the conversion. This was an exercise of options (transaction code M), not an open-market sale.

Key Details

• Transaction date: 2026-03-10; Filed on Form 4: 2026-03-12 (filed within the usual 2-business-day window).
• Price per share exercised: $73.31.
• Shares acquired: 45,238 total (11,310; 21,035; 12,893); total value reported ≈ $3,316,398.
• Disposition: corresponding derivative option units shown disposed at $0.00 (reflects cancellation/conversion of the options).
• Shares owned after the transaction: not specified in the provided filing.
• No 10b5-1 plan, tax-withholding sale, or other footnotes were disclosed in the summary provided.

Context

• This was an option exercise (code M). There is no record in the filing of any immediate sale of the acquired shares (no S-code sale reported), so this appears to be a conversion of options into shares rather than a cashless sale.
• Option exercises are routine for executives realizing vested compensation; they do not by themselves indicate a view on the stock price.