Dunavant Chad 4

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.