Bhattacharya Rasmani 4

What Happened

• Rasmani Bhattacharya, EVP and General Counsel of CSG Systems International, reported a disposition of 68,162 shares on May 14, 2026. The shares were converted into and paid as cash consideration at $80.70 per share, for a total of $5,500,673. This was a disposition to the issuer in connection with the merger closing, not an open-market sale.

Key Details

• Transaction date: May 14, 2026; Form 4 filed May 18, 2026 (Period of Report: 2026-05-14).
• Price: $80.70 per share; Total proceeds reported: $5,500,673.
• Reported disposition includes equity awards: 15,952 restricted stock awards (RSAs) and 16,839 performance-based restricted stock awards (PSAs).
• Shares owned after the transaction: not disclosed in the provided filing excerpt.
• Transaction code: D (disposition to issuer) — part of merger consideration under the Merger Agreement.
• No indication in the provided excerpt that the filing was untimely.

Context

• The payment was made pursuant to the Merger Agreement dated October 29, 2025, under which NEC completed a merger with CSG on May 14, 2026; each CSG common share and each unvested RSA/PSA converted into the right to receive $80.70 cash (less withholding).
• The inclusion of RSAs and PSAs means some of the disposed shares were unvested awards that were converted into cash subject to vesting-related terms per the agreement. This was a corporate cash-out from a merger rather than a routine insider sale on the open market.