Tavares Silvio 4

What Happened

• Silvio Tavares, a director of CSG Systems International, reported a disposition of 22,560 shares on May 14, 2026. The shares were converted into cash at $80.70 per share under the company's merger agreement, producing gross proceeds of $1,820,592 (subject to applicable withholding).
• This transaction was a cash-out tied to the Merger (Merger Sub merged with and into the issuer, leaving the issuer as a wholly owned subsidiary of NEC Corporation) rather than an open-market sale.

Key Details

• Transaction date and price: May 14, 2026 at $80.70 per share.
• Shares disposed: 22,560; gross proceeds: $1,820,592.
• Includes 3,085 restricted stock awards (RSAs) that were converted into the right to cash; payments for unvested RSAs remain subject to vesting conditions as described in the filing.
• Transaction code: D (disposition to the issuer) pursuant to Merger Agreement.
• Filing date: May 18, 2026 — filed within required timing for Form 4 (timely).

Context

• The disposition resulted from the closing of a merger (per the Merger Agreement dated Oct 29, 2025) under which each common share (and each unvested RSA) was converted into the right to receive $80.70 in cash (less withholding). Because this is a deal-related cash conversion rather than an open-market sale, it reflects the merger consideration, not necessarily the insider's independent market view.