Tyler Technologies Form 4 — Cline exercised 2,500 options; sold 2,500 shares at $616.65
Rhea-AI Filing Summary
Brenda A. Cline, a director of Tyler Technologies (TYL), reported option exercise and sales on August 6, 2025. She exercised stock options to acquire 2,500 common shares at an exercise price of $167.14 per share, and on the same date sold 2,500 shares at a weighted average sale price of $616.6501 per share (sales ranged from $616.39 to $616.88). After the reported transactions, the filing shows 2,519 shares beneficially owned directly.
The filing also discloses indirect holdings of 4,002 shares held by a family limited partnership in which the reporting person and her husband each hold a 44% limited partner interest and jointly control the general partner. The reported options have graded vesting and varying exercisable dates; one vesting reference lists 05/10/2027. The form was signed by an attorney-in-fact on 08/08/2025.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine disclosure of an option exercise and contemporaneous sale by a board director; indirect family holdings disclosed.
The Form 4 documents a common pattern where a director exercises options and sells the underlying shares the same day. The filing clearly states the exercise price ($167.14) and the weighted average sale price ($616.6501), and it discloses the director's indirect ownership through a family limited partnership (4,002 shares). From a governance standpoint, the report provides required transparency on direct and indirect holdings and on option vesting characteristics. There are no regulatory flags or incomplete reporting items apparent in the text.
TL;DR: Insider exercised 2,500 options and sold 2,500 shares on 08/06/2025; resulting direct ownership reported as 2,519 shares.
The filing shows an exercise of options to acquire 2,500 shares and matching sales of 2,500 shares on the same date, with the sales executed at a disclosed weighted average price and price range. The report also lists an outstanding derivative position with graded vesting and varying exercisable dates. For investors, this is a clearly documented insider transaction that updates both direct and indirect ownership levels; it does not by itself provide operational or financial performance information about the company.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option | 2,500 | $0.00 | -- |
| Exercise | Common Stock | 2,500 | $167.14 | $418K |
| Sale | Common Stock | 2,500 | $616.6501 | $1.54M |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Acquired through the exercise of stock options. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $616.39 to a high of $616.88 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth with respect to this transaction. Includes 4,002 shares owned indirectly by the reporting person, which are held by a family limited partnership in which the reporting person and her husband each own a 44% limited partner interest, and each have 50% ownership and control of the sole general partner with a 2% general partner interest. The remaining limited partner interests are owned by the reporting person's sons. The reporting person disclaims beneficial ownership of the shares except to the extent of her pecuniary interest therein. Option has graded vesting. Dates exercisable will vary with each vesting tranche.
