KEATING MELVIN L 4

What Happened

• Melvin L. Keating, a director of Agilysys, exercised stock options on May 22, 2026 to acquire 973 shares at an exercise price of $79.84 per share, for a total cash outlay of $77,684. The Form 4 also reports a matching disposition/conversion of the derivative instrument for 973 shares at $0.00 (this reflects the option being converted/closed as part of the exercise).
• This is an option exercise (transaction code M) — effectively an acquisition of shares through exercising vested options, not an open-market sale.

Key Details

• Transaction date: 2026-05-22
• Exercise details: 973 shares @ $79.84, total = $77,684
• Matching derivative entry: 973 shares disposed at $0.00 (records conversion/disposition of the option)
• Filing date: 2026-05-27 — appears to be filed one business day after the SEC’s 2-business-day Form 4 deadline (i.e., late)
• Shares owned after transaction: not disclosed in the provided filing excerpt
• No 10b5-1 plan, tax-withholding sale, or other footnotes were cited in the supplied data

Context

• For retail investors: an option exercise is the insider converting the right to buy shares into actual shares. Because there’s no reported sale of the acquired shares, this is not a disposition into the market and can be viewed as an acquisition of stock rather than a sell signal.
• The late filing reduces near-term transparency; the filing does not state post-transaction holdings, so assess insider activity alongside other filings and company context.