Tyler Technologies insider exercised options and reported same-day share sales
Rhea-AI Filing Summary
Tyler Technologies insider John S. Marr Jr. reported option exercise and subsequent stock sales. On 09/09/2025 Mr. Marr exercised 4,000 options at $290.17 per option, resulting in the acquisition of 4,000 common shares. On the same date he sold a total of 4,000 common shares across multiple transactions at weighted-average prices ranging from $559.185 to $563.125 (individual weighted-average sale entries reported at $559.3185, $560.3028, $562.04 and $562.8269). After these transactions Mr. Marr beneficially owned 6,983 shares directly and 16,888 shares indirectly, with the indirect holdings comprised of trusts and a partnership as detailed in the filing. The filing notes the option has graded vesting and varying exercisable dates.
Positive
- Exercise of 4,000 options converted into 4,000 common shares
- Filing discloses detailed indirect ownership breakdown (trusts and partnership)
Negative
- Contemporaneous sales of 4,000 shares reported on the same date as the exercise
- Weighted-average sale prices indicate significant disposition at prices above $559 per share
Insights
TL;DR: Insider exercised 4,000 options and sold 4,000 shares the same day; remaining direct and indirect holdings disclosed.
The filing documents a single-date exercise of 4,000 options at $290.17 and contemporaneous sales totaling 4,000 shares at weighted-average prices in the $559–$563 range. This sequence is explicitly reported and results in reported direct ownership of 6,983 shares and indirect ownership of 16,888 shares. The sale prices and weighted-average disclosures are clearly presented; the filer offers to provide detailed execution prices on request. From a reporting standpoint the Form 4 is complete in listing amounts, prices, and the nature of indirect holdings.
TL;DR: Transaction disclosure identifies co-trustee roles and indirect holdings; graded option vesting disclosed.
The Form 4 discloses that indirect holdings include multiple trusts and a partnership for which Mr. Marr serves as co-trustee or general partner, and the filer disclaims beneficial ownership except to the extent of pecuniary interest. The filing also states the exercised option has graded vesting and varying exercisable dates. These governance and ownership details are material for understanding voting and dispositive power associated with the reported indirect holdings.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option | 4,000 | $0.00 | -- |
| Exercise | Common Stock | 4,000 | $290.17 | $1.16M |
| Sale | Common Stock | 2,397 | $559.3185 | $1.34M |
| Sale | Common Stock | 103 | $560.3028 | $58K |
| Sale | Common Stock | 37 | $562.04 | $21K |
| Sale | Common Stock | 1,463 | $562.8269 | $823K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Acquired through the exercise of options. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $559.185 to a high of $560.05 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 and all sale transactions reported in this Form 4. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $560.275 to a high of $561.23 per share, inclusive. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $561.315 to a high of $562.14 per share, inclusive. Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $562.82 to a high of $563.125 per share, inclusive. Includes shares owned indirectly by the reporting person, as follows: (a) 5,650 shares owned indirectly, which are held in two trusts for which family members are beneficiaries and for which Mr. Marr is a co-trustee and is deemed to have shared voting and dispositive power, (b) 5,238 shares owned indirectly, which are held in a revocable trust established by Mr. Marr's wife in which Mr. Marr's children are the beneficiaries and for which Mr. Marr is a co-trustee, and (c) 6,000 shares owned indirectly, which are held in a partnership in which Mr. Marr is the general partner (the partnership is owned 99% by a trust in which Mr. Marr's children are the beneficiaries and 1% by the general partner). The reporting person disclaims beneficial ownership of the securities identified as owned indirectly except to the extent of his pecuniary interest therein. Option has graded vesting. Dates exercisable will vary with each vesting tranche.
