Agilysys CCO sells 1,002 shares at $114.64
Agilysys’ chief commercial officer sold shares to cover taxes on vested restricted stock, retaining a direct holding of 19,045 shares.
Rhea-AI Filing Summary
AGILYSYS INC (AGYS) reports that Chief Commercial Officer Abdelrahman Joe Ahmed Youssef sold 1,002 shares of common stock on September 1, 2026 at $114.64 per share. The sale was executed to fund withholding tax obligations from vesting of restricted common stock and left him holding 19,045 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,002 shares
Net Sell
1 txn
Insider
Abdelrahman Joe Ahmed Youssef
Role
Chief Commercial Officer
Sold
1,002 shs ($115K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1 | 1,002 | $114.64 | $115K |
Holdings After Transaction:
Common Stock — 19,045 shares (Direct)
Footnotes (1)
- F1. Shares sold to fund withholding tax obligations arising from the vesting of restricted Common Stock on September 1, 2026 (sell to cover).
Key Figures
Shares sold: 1,002 shares
Sale price per share: $114.64 per share
Shares held after transaction: 19,045 shares
3 metrics
Shares sold
1,002 shares
Common stock sale on September 1, 2026
Sale price per share
$114.64 per share
Common stock sold by the chief commercial officer
Shares held after transaction
19,045 shares
Direct holdings after the September 1, 2026 sale
Key Terms
withholding tax obligations, restricted Common Stock, sell to cover
3 terms
withholding tax obligations financial
"Shares sold to fund withholding tax obligations arising from the vesting"
restricted Common Stock financial
"arising from the vesting of restricted Common Stock on September 1, 2026"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
sell to cover financial
"on September 1, 2026 (sell to cover)."
Sell to cover is when a person who receives company stock through options or awards sells just enough shares immediately to pay required taxes, exercise costs, or fees, keeping the rest. Think of it like cashing part of a bonus to cover the tax bill so you can keep the remainder. For investors, it can create predictable small selling pressure and slightly change the number of shares actually held by insiders without increasing long‑term dilution.
FAQ
What insider transaction did AGYS report for Abdelrahman Joe Ahmed Youssef?
AGILYSYS INC reported that Chief Commercial Officer Abdelrahman Joe Ahmed Youssef sold 1,002 shares of common stock on September 1, 2026 at $114.64 per share, in a transaction described as a sale in the open market or a private transaction.
Was the AGYS insider sale made under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirmative, and the available footnote describes the transaction as a sell to cover for tax withholding, with no reference to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.