Badger Kyle C 4
Research Summary
AI-generated summary
Agilysys (AGYS) SVP Kyle C. Badger Sells Shares
What Happened
Kyle C. Badger, Senior Vice President, General Counsel and Secretary of Agilysys, sold a total of 3,000 shares of AGYS stock in two open-market transactions on June 10, 2026. He sold 2,000 shares at $92.17 each ($184,340) and 1,000 shares at $92.51 each ($92,510), for aggregate proceeds of $276,850. These were sales (not purchases or option exercises), which are often routine dispositions by insiders.
Key Details
- Transaction date: 2026-06-10 (filed on 2026-06-12) — filing appears timely under Form 4 rules.
- Trades: 2,000 shares @ $92.17 ($184,340) and 1,000 shares @ $92.51 ($92,510); total 3,000 shares, $276,850.
- Transaction type/code: Open market sales (S).
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnote: Since the last Form 4, Mr. Badger transferred 33,206 shares to his ex-spouse pursuant to a domestic relations order; those shares are not beneficially owned by him.
Context
- These were straightforward open-market sales (not option exercises or gifts). Sales do not necessarily indicate negative views about the company; insiders sell shares for many personal or financial reasons.
- The domestic relations transfer noted in the footnote is a change in beneficial ownership resulting from a court-ordered transfer and is not an indication of trading intent.