Dunavant Chad 4
4 · CSG SYSTEMS INTERNATIONAL INC · Filed May 18, 2026
Research Summary
AI-generated summary of this filing
CSG Systems (CSGS) EVP Chad Dunavant Sells 49,112 Shares
What Happened
Chad Dunavant, EVP Product & Strategy Officer of CSG Systems (CSGS), had 49,112 shares converted into cash as part of the company’s merger closing on May 14, 2026. The shares were converted at $80.70 per share for total proceeds of $3,963,338. This was a disposition to the issuer under the merger agreement (a cash-out in the acquisition), not an open-market sale.
Key Details
- Transaction date and type: May 14, 2026 — Disposition to issuer (conversion under Merger Agreement).
- Price and value: $80.70 per share; 49,112 shares; total $3,963,338.
- Filing: Form 4 filed May 18, 2026 (timely — within two business days of the transaction).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes: The cash payment resulted from the Merger Agreement (NEC/Canvas acquisition). The amount included conversion of 9,781 RSAs and 10,101 PSAs; payments for unvested RSAs/PSAs remain subject to vesting conditions substantially similar to pre-merger terms.
- Nature of trade: Merger cash-out (dispositive conversion), not a market-driven purchase or sale.
Context: This transaction reflects the company being acquired (each share converted to $80.70 cash). For investors, merger-driven conversions are routine corporate actions and do not necessarily indicate the insider’s view of ongoing public-market prospects.
Insider Transaction Report
Form 4Exit
Dunavant Chad
EVP Product & Strategy Officer
Transactions
- Disposition to Issuer
Common Stock
[F1][F2]2026-05-14$80.70/sh−49,112$3,963,338→ 0 total
Footnotes (2)
- [F1]On May 14, 2026, pursuant to that certain Agreement and Plan of Merger, dated as of October 29, 2025 (the "Merger Agreement"), by and among CSG Systems International, Inc. (the "Issuer"), NEC Corporation ("Parent") and Canvas Transaction Company, Inc., a direct or indirect wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, each share of Issuer common stock, par value $0.01 per share, each unvested share of restricted stock ("RSA") and each unvested share of performance-based restricted stock ("PSA") held by the Reporting Person immediately prior to the closing of the Merger was converted into the right to receive $80.70 in cash, without interest, less any applicable withholding taxes.
- [F2]Includes 9,781 RSAs and 10,101 PSAs. Any payment with respect to unvested RSAs and PSAs, as applicable, will be subject to vesting conditions on substantially the same terms and conditions as applied to such awards immediately prior to the effective time of the Merger, except for terms rendered inoperative by reason of the Merger.
Signature
/s/ Andrea Matheny, attorney-in-fact|2026-05-18