Yang Tseli Lily 4

What Happened

• Lily Yang, a director of CSG Systems International, disposed of 18,464 shares on May 14, 2026. The shares were converted into the right to receive $80.70 per share in cash under the company’s merger agreement, for aggregate proceeds of $1,490,045. This was a disposition to the issuer as part of the merger, not an open-market sale.

Key Details

• Transaction date and price: May 14, 2026 — $80.70 per share.
• Total proceeds: $1,490,045.
• Transaction code/type: Disposition to the issuer (D) — merger cash-out under the Merger Agreement dated Oct 29, 2025.
• Includes 3,085 restricted stock awards (RSAs); payments for unvested RSAs are subject to vesting conditions on substantially the same terms as before the merger (per filing).
• Filing date: May 18, 2026 — filed within the SEC’s two-business-day window (timely).
• Shares owned after transaction: Not specified in the provided filing excerpt.

Context

• Per the Merger Agreement, each share and each unvested restricted share was converted into the right to receive $80.70 in cash (footnote detail). Dispositions in connection with a company sale or merger are routine and reflect the transaction terms rather than an insider’s open-market trading decision.