Kaufman Michael A 4

What Happened Michael A. Kaufman, a director of Agilysys, exercised stock options on May 22, 2026, resulting in the acquisition of 973 common shares at an exercise price of $79.84 per share for a total cash outlay of $77,684. The Form 4 also reports the corresponding derivative instrument being terminated/converted (973 shares disposed at $0.00), which is a routine reporting entry when options are exercised. This transaction represents an acquisition (not a sale); no immediate sale of the acquired shares is reported.

Key Details

• Transaction date: 2026-05-22; Filing date: 2026-05-27 (appears to be filed after the 2-business-day Form 4 deadline).
• Exercise price: $79.84 per share; Shares acquired: 973; Total cost: $77,684.
• Derivative entry: 973 shares shown as disposed at $0.00 reflecting the option conversion/termination.
• Shares owned after transaction: not specified in the filing.
• No 10b5-1 plan, tax-withholding, or immediate sale noted in the reported transaction.

Context

• Code M indicates an option exercise; the paired derivative "disposed" line simply reports that the option ceased to exist after exercise. Because there is no sale reported, this is an outright acquisition of shares rather than a cashless exercise or sale-for-proceeds.
• Purchases/exercises can signal confidence but are routine for option holders (especially directors) and do not by themselves prove a change in outlook. The late filing may delay public awareness of the trade.