CSG Systems EVP granted 8,468 restricted shares

CSG Systems International executive Elizabeth A. Bauer reported an equity award of 8,468 shares of common stock on January 20, 2026.

Rhea-AI Filing Summary

CSG Systems International executive Elizabeth A. Bauer reported an equity award of 8,468 shares of common stock on January 20, 2026. The shares are time-based restricted stock that will vest on March 10, 2027, meaning she must satisfy continued service conditions before they fully become hers. The award was reported at a price of $0 per share, consistent with a stock grant rather than an open-market purchase.

After this grant, Bauer beneficially owned 101,859 shares of CSG Systems International common stock in direct ownership. She serves as Executive Vice President and Chief Experience Officer, so the filing reflects part of her equity-based compensation as a senior officer.

Insider Trade Summary

Grant/Award: 8,468 shares

Grant/Award 1 txn

Insider Bauer Elizabeth A

Role EVP, Chief Experience Officer

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	8,468	$0.00	$0.00

Holdings After Transaction: Common Stock — 101,859 shares (Direct)

Footnotes (1)

1. F1. Represents shares of time-based restricted stock which vest on March 10, 2027.

FAQ

What insider transaction did CSGS executive Elizabeth Bauer report?

Elizabeth A. Bauer, Executive Vice President and Chief Experience Officer of CSG Systems International Inc. (CSGS), reported receiving 8,468 shares of common stock as an equity award on January 20, 2026.

What type of shares did Elizabeth Bauer receive in this CSGS Form 4 filing?

The reported award consists of time-based restricted stock, meaning the 8,468 shares are subject to vesting conditions tied to time in service.

When do Elizabeth Bauer’s 8,468 restricted CSGS shares vest?

The filing states that the 8,468 shares of time-based restricted stock granted to Elizabeth Bauer vest on March 10, 2027, assuming the vesting conditions are met.

What was Elizabeth Bauer’s total CSGS share ownership after the reported transaction?

Following the restricted stock grant, Elizabeth Bauer beneficially owned 101,859 shares of CSG Systems International common stock in direct ownership.

Did Elizabeth Bauer pay for the 8,468 CSGS shares reported on the Form 4?

No cash purchase was reported. The 8,468 restricted shares were shown with a price of $0 per share, indicating an equity grant rather than a market transaction.

What is Elizabeth Bauer’s role at CSG Systems International Inc. (CSGS)?

Elizabeth A. Bauer is an officer of CSG Systems International, holding the title Executive Vice President, Chief Experience Officer, as disclosed in the filing.

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Accepted by SEC EDGAR 01/22/2026 - 05:22 PM Learn about SEC filing dates

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^*

Bauer Elizabeth A

(Last) (First) (Middle)

169 INVERNESS DR. W

SUITE 300

(Street)

ENGLEWOOD CO 80112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CSG SYSTEMS INTERNATIONAL INC [ CSGS ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP, Chief Experience Officer

3. Date of Earliest Transaction (Month/Day/Year)
01/20/2026

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

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

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

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	01/20/2026		A		8,468(1)	A	$0	101,859	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

Explanation of Responses:

1. Represents shares of time-based restricted stock which vest on March 10, 2027.

	/s/ Angela Lantzy, attorney-in-fact for Elizabeth Bauer	01/22/2026
	** 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.
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