Agilysys (AGYS) director exercises 973 restricted stock units into shares

Rhea-AI Filing Summary

AGILYSYS INC director Melvin L. Keating exercised restricted stock units into common shares. On 2026-05-22, he converted 973 Restricted Stock Units into 973 shares of Common Stock at an effective conversion price of $79.84 per share. This was a derivative exercise transaction rather than an open-market purchase or sale. Following the transaction, he directly owns 36,380 shares of Agilysys common stock. No remaining derivative positions are shown in this filing.

Insider Trade Summary

973 shares exercised/converted

Mixed 2 txns

Insider KEATING MELVIN L

Role null

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	973	$0.00	--
Exercise	Common Stock	973	$79.84	$78K

Holdings After Transaction: Restricted Stock Units — 973 shares (Direct, null); Common Stock — 36,380 shares (Direct, null)

Footnotes (1)

Key Figures

RSUs exercised: 973 units Underlying common shares received: 973 shares Conversion price: $79.84 per share +1 more

4 metrics

RSUs exercised 973 units Restricted Stock Units converted on May 22, 2026

Underlying common shares received 973 shares Common Stock from RSU exercise on May 22, 2026

Conversion price $79.84 per share Exercise/conversion price for underlying Common Stock

Shares held after transaction 36,380 shares Total direct Common Stock holdings post-transaction

Key Terms

Restricted Stock Units, derivative exercise, derivative security

3 terms

Restricted Stock Units financial

"he converted 973 Restricted Stock Units into 973 shares of Common Stock"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative exercise financial

"This was a derivative exercise transaction rather than an open-market purchase or sale"

derivative security financial

"classified as an exercise or conversion of a derivative security"

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

KEATING MELVIN L

(Last) (First) (Middle)

C/O AGILYSYS, INC.

3655 BROOKSIDE PARKWAY, SUITE 300

(Street)

ALPHARETTA GEORGIA 30022

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AGILYSYS INC [ AGYS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/22/2026		M		973	A	$79.84	36,380	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	$79.84	05/22/2026		M			973	05/22/2026	05/22/2026	Common Stock	973	$0	973	D

Explanation of Responses:

	/s/ Kyle C. Badger, Attorney-in-Fact	05/27/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did AGYS director Melvin L. Keating report?

Melvin L. Keating reported exercising 973 Restricted Stock Units into 973 shares of Agilysys common stock. The transaction was recorded as a derivative exercise at an effective price of $79.84 per share, with no open-market buying or selling involved.

How many AGYS shares does Melvin L. Keating hold after this Form 4?

After the reported transaction, Melvin L. Keating directly holds 36,380 shares of Agilysys common stock. This reflects the addition of 973 shares from the exercise of Restricted Stock Units disclosed in the Form 4 filing.

Was the AGYS Form 4 transaction a stock purchase or sale?

The Form 4 for AGYS shows a derivative exercise, not an open-market purchase or sale. Keating converted 973 Restricted Stock Units into 973 common shares, classified as an exercise or conversion of a derivative security.

What price was used to convert the AGYS Restricted Stock Units?

The Restricted Stock Units converted into common stock at a stated conversion price of $79.84 per share. This value is disclosed as the conversion or exercise price for the 973 underlying shares of Agilysys common stock.

Does the AGYS Form 4 show any remaining derivative holdings for Keating?

The Form 4 derivative summary is empty, indicating no remaining derivative positions are shown in this particular filing. It reflects only the 973 Restricted Stock Units exercised into common shares on May 22, 2026.