Agilysys SEC Filings

Agilysys, Inc. (AGYS) – SEC Form 3 filing

The filing records the initial beneficial ownership of recently reported officer Shivashankar Sethuram, Chief Technology Officer. As of the event date (05/22/2025), the executive holds:

• 23,805 shares of common stock held directly, including 2,399 time-based restricted shares granted under the 2024 Equity Incentive Plan that vest in tranches on 6/30/2025, 10/31/2025 and 10/31/2026.
• 2,169 restricted stock units (RSUs) that convert 1-for-1 into common shares, vesting in three equal installments on 10/31/2025, 2026 and 2027.

The Form 3 establishes Mr. Sethuram as a Section 16 insider, initiating ongoing reporting obligations for any future trades. No derivative instruments other than RSUs are disclosed, and the filing does not indicate additional indirect ownership.

Investors typically view Form 3 filings as routine governance disclosures rather than catalysts; however, they offer transparency into new executives’ equity alignment.

Form 4 filing for The PNC Financial Services Group, Inc. (PNC) details insider activity by director Marjorie Rodgers Cheshire dated July 1, 2025.

• The director acquired 224 phantom stock units at an underlying reference price of $192.52. Each unit economically represents one share of PNC common stock and will be settled in cash under the Deferred Compensation Plan.
• Following the transaction, Cheshire beneficially owns 5,799 phantom units within the Deferred Compensation Plan, 4,114 phantom units under the Outside Directors Deferred Stock Unit Plan, and 11,437 deferred stock units (DSUs) granted through PNC’s Directors Deferred Stock Unit Program.
• No common shares were sold or disposed of; all reported securities were acquired or represent accrued dividend equivalents, indicating an incremental increase in the director’s economic exposure to PNC.
• All instruments are either indirect (plan-held phantom units) or direct (DSUs), with settlement occurring in cash or stock at retirement according to plan terms.

The filing reflects routine compensation-related accruals rather than open-market purchases, but the absence of sales signals continued alignment of the director’s interests with shareholders.

Form 4 filing overview – Agilysys, Inc. (AGYS)

Chief Financial Officer William David Wood III reported a single open-market sale of 321 common shares on 1 Jul 2025 at an average price of $113.39 per share, generating proceeds of roughly $36.4 thousand. The transaction was explicitly disclosed as a “sell-to-cover” to satisfy withholding taxes triggered by the vesting of restricted stock on 30 Jun 2025. Following the sale, the CFO still directly owns 47,288 shares of AGYS, indicating only a 0.7 % reduction in his direct equity position.

No derivative transactions were reported, and the filing lists no changes to option holdings. Because the disposition was limited in size and purpose, it is generally interpreted as routine liquidity management rather than a signal of reduced confidence.

Form 4 filing overview – Agilysys, Inc. (AGYS)

Controller Chris J. Robertson reported a sale of 258 shares of Agilysys common stock on 1 July 2025 at an average price of $113.39 per share. The transaction was coded “S,” indicating an open-market sale, and the accompanying footnote clarifies that the shares were sold solely to cover withholding taxes generated by the vesting of restricted stock on 30 June 2025 (“sell-to-cover”).

After the sale, the insider’s direct ownership stands at 21,137 shares. No derivative securities were reported and no additional transactions were disclosed. The filing does not reference a Rule 10b5-1 trading plan.

Given the small size of the sale (≈1.2 % of the insider’s direct holdings) and its tax-related purpose, the activity is generally viewed as routine rather than signalling a strategic change in sentiment.

Agilysys, Inc. (AGYS) has filed a Form 144 indicating a forthcoming sale of 258 common shares, valued at approximately $29,253.59, through Fidelity Brokerage Services on 07 July 2025. The shares represent less than 0.001% of the 28,017,312 shares outstanding. The seller acquired the stock one day earlier (06 June 2025) via restricted-stock vesting as compensation. The same individual, identified as Chris Robertson, sold 500 shares for $55,632.75 on 12 June 2025. No additional financial metrics, earnings data, or strategic disclosures accompany the notice. The filing fulfils SEC Rule 144 requirements and signals a routine, small-scale insider liquidity event rather than a material corporate development.

Kairous Acquisition Corp. Limited (OTC: KACLF/KACUF) has triggered a mandatory liquidation of its SPAC trust. The company failed to deposit the required US$50,000 on 16 May 2025 to extend its business-combination deadline to 16 June 2025 as permitted under its Fourth Amended & Restated Memorandum and Articles of Association. Under the charter, missing that payment forces the SPAC to (i) begin winding down, (ii) liquidate the trust and redeem all public ordinary shares issued in the IPO, and (iii) subsequently liquidate and dissolve.

The board now intends to instruct the trustee to liquidate the securities held in the trust and transfer the cash to a Citibank operating account. Public shareholders will receive their pro-rata cash within 10 business days after 30 June 2025. Street-name holders need take no action; registered holders must deliver certificates to Continental Stock Transfer & Trust.

Sponsor, officers and directors have waived their redemption rights, meaning only public holders participate in the payout. All warrants (KACWF) and rights (KACRF) will expire worthless, eliminating any upside optionality for those securities.

After redeeming the public shares, the board plans to seek an amendment that would remove the obligation to dissolve, allowing the post-redemption entity to remain quoted on OTC Markets and potentially pursue an alternative business combination in the future. No timeline or target has been disclosed.

Clear Secure, Inc. (NYSE: YOU) filed a Form 144 indicating a proposed insider sale of 3,000 Class A shares valued at roughly $83,250. The shares, representing less than 0.01 % of the company’s 92.27 million shares outstanding, were originally acquired through restricted-stock vesting on 30 June 2021 and are slated to be sold through Fidelity Brokerage on or about 1 July 2025. No other sales by the filer have occurred in the past three months. Form 144 is a notice only—execution is not guaranteed—and the signer affirms no undisclosed material information. Given the de-minimis size, the transaction is unlikely to have a material impact on share price or corporate governance.