JONES JERRY C 4

What Happened

• Jerry C. Jones, a director of Agilysys, Inc. (AGYS), exercised stock options on May 22, 2026 to acquire 973 common shares at an exercise price of $79.84 per share, for a total cash outlay of $77,684. The filing also reports the corresponding derivative (the option interests) being disposed/cancelled at $0.00, which reflects the conversion of the options into shares rather than an open-market sale.
• This transaction is an acquisition (exercise of options), not a sale of shares—no shares were reported sold in the filing.

Key Details

• Transaction date: 2026-05-22
• Exercise price and acquisition: 973 shares at $79.84 per share; total $77,684
• Disposition entry: 973 derivatives disposed at $0.00 (represents cancellation/conversion of options)
• Shares owned after transaction: Not specified in the provided filing details
• Footnotes/plan info: None provided in the supplied data (no 10b5-1 or tax-withholding note shown)
• Filing timing: Form 4 filed on 2026-05-27 for a 2026-05-22 transaction — Form 4s are generally due within 2 business days, so this appears to have been filed late.

Context

• For option exercises, it’s common to see two entries: (1) acquisition of the common shares upon exercise and (2) disposition/cancellation of the underlying derivative (the option). That’s what this filing shows — an exercise, not an immediate sale (not a cashless exercise).
• Exercises indicate the insider chose to convert options into stock (requires paying the exercise price). Such purchases are informative to investors because they increase the insider’s direct equity stake, but they do not by themselves prove a positive or negative view of the company’s prospects.