COLVIN DONALD A 4

What Happened
Donald A. Colvin, a director of Agilysys, exercised options on May 22, 2026, resulting in the acquisition of 973 shares at an exercise price of $79.84 per share for a total cash outlay of $77,684. The filing also reports a simultaneous disposition entry for 973 derivative securities at $0.00 (reported as a derivative disposition), which appears to relate to the exercise/conversion event rather than an open-market sale.

Key Details

• Transaction date: 2026-05-22. Exercise price: $79.84 per share; total reported cost: $77,684. Transaction code: M (option exercise/conversion).
• Reported a paired disposition of 973 derivative securities at $0.00 (reported as a derivative disposition).
• Filing date: 2026-05-27 — the Form 4 was filed 5 days after the transaction (appears to be late relative to the typical 2-business-day deadline).
• Shares owned after the transaction: not specified in the data you provided.
• No 10b5-1 plan, tax-withholding, or other footnotes were supplied in the provided extract.

Context

• This was an options exercise (conversion of a derivative to underlying shares), not an open-market sale of shares. The simultaneous derivative disposition at $0.00 typically reflects the conversion/settlement mechanics of the exercise rather than a cash sale.
• Exercises are common when options vest or holders choose to convert options to stock; they are not a direct market-buy signal in the same way as an open-market purchase.
• The late filing may be administrative but is worth noting; timely Form 4 reporting is required and delays can draw SEC or investor attention.