KEATING MELVIN L 4

What Happened
Melvin L. Keating, a director of Agilysys, Inc., was granted 1,424 restricted stock units (RSUs) on May 27, 2026. The RSUs were granted at $0.00 (no cash paid by the insider) and represent a contingent right to receive one share of Agilysys common stock per unit upon vesting. The award is reported as a derivative grant (transaction code A).

Key Details

• Transaction date: 2026-05-27 (Form 4 filed 2026-05-29). Filing was within the typical two-business-day window.
• Grant: 1,424 RSUs @ $0.00 (no immediate cash value to the insider shown on the Form 4).
• Vesting: RSUs vest on May 27, 2027 (footnote).
• Shares owned after transaction: not reported in the provided transaction details on this Form 4.
• Footnotes: F1 = RSUs granted under the 2024 Equity Incentive Plan; each RSU converts to one share when vested. F2 = vesting date 2027-05-27.
• Transaction code: A = Award/Grant (derivative).

Context
RSU grants are a common form of compensation and retention for executives and directors. These units do not immediately transfer shares to the insider and are subject to vesting (and possible forfeiture) until the vesting date; they therefore do not reflect an immediate market buy or sell. No direct implication about insider sentiment should be drawn solely from an award grant.