[144] Tyler Technologies, Inc. SEC Filing
Tyler Technologies (TYL) Form 144 summary: This notice reports a proposed sale of 4,250 common shares through Fidelity Brokerage Services on the NYSE, with an aggregate market value of $2,360,995.08. The shares to be sold were acquired under options granted on 06/01/2018 (2,250 shares) and 12/01/2019 (2,000 shares) and are to be paid for in cash at sale. The filer, John S. Marr Jr., previously sold 2,875 shares on 05/30/2025 for $1,645,965.10 and 4,000 shares on 06/09/2025 for $2,289,654.40. The form includes the filer’s representation that no undisclosed material adverse information is known.
- Complete transaction details provided: acquisition dates, option origination, broker name, exact share counts and gross proceeds are disclosed
- Broker and exchange specified: Fidelity Brokerage Services and NYSE are identified, supporting transparency of execution venue
- Attestation included: filer represents no undisclosed material adverse information, aligning with disclosure expectations
- Insider selling activity: filer sold 2,875 and 4,000 shares in May and June 2025 and proposes an additional 4,250-share sale, representing repeated disposals
- Concentration of sales by single individual: multiple recent sales by John S. Marr Jr. could reduce his beneficial ownership (specific ownership percentage not provided in document)
Insights
TL;DR: Insider proposes modest sale of 4,250 shares after recent disposals, totaling clear cash proceeds and option-originated shares.
The filing documents a scheduled sale of 4,250 common shares via a broker, representing option-originated shares from 2018 and 2019 and to be settled for cash. Recent sales by the same filer in May and June 2025 generated gross proceeds of approximately $3.94 million, indicating ongoing liquidity events by this insider. For investors, these are factual disclosures of insider selling activity; the filing contains no forward guidance, no change in ownership structure disclosure beyond the sales, and no indication of undisclosed material information per the signer’s attestation.
TL;DR: Routine Rule 144 notice showing option exercises and subsequent planned sales; governance disclosure standards appear met.
The document identifies the securities as option-derived and lists acquisition dates, payment method, broker, and specific past sales by the same person in the prior three months, meeting Rule 144 notice elements. The signer attests to absence of undisclosed material adverse information and references trading-plan considerations. No departures from standard insider disclosure practice are evident in the filing text provided.