[Form 4] TYLER TECHNOLOGIES INC Insider Trading Activity

Rhea-AI Filing Summary

Carter Glenn A, a director of Tyler Technologies Inc. (TYL), reported transactions dated 09/15/2025. The filing shows an exercise of 750 stock options at an exercise price of $146.92, which resulted in an acquisition entry for 750 shares. On the same date there is a separate sale of 750 shares reported at a price of $538.30. Following the reported transactions the non-derivative beneficial ownership is listed as 3,172 shares in one line and 3,922 shares in another line of the report; the derivative section reports 750 options underlying 750 common shares and a post-transaction derivative total of 4,250 shares. The filer certified the report on 09/17/2025 via attorney-in-fact Randall G. Ray.

Insights

Securities Analyst

TL;DR: Routine insider option exercise and concurrent sale; limited market-impact information.

The Form 4 documents a same-day exercise of 750 options at $146.92 and a sale of 750 shares at $538.30 by a company director. Such transactions are commonly related to option vesting and liquidity needs rather than new capital allocation by the company. The filing does not disclose intent behind the sale, any Rule 10b5-1 plan, or additional material changes to ownership beyond reported counts. For investors, this is a disclosure of insider activity but not a stand-alone material event affecting company operations or guidance.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 requirements; no governance red flags visible in the filing.

The document identifies the reporting person as a director and shows exercise of stock-based compensation and an immediate disposition of an equal number of shares. The form is signed via attorney-in-fact and includes an explanation that the shares were acquired through exercise of stock options with graded vesting. There is no indication of unusual timing, related-party transactions, or changes to board composition. The filing appears procedural and compliant with reporting rules.

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

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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^*

Carter Glenn A

(Last) (First) (Middle)

5101 TENNYSON PARKWAY

(Street)

PLANO TX 75024

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TYLER TECHNOLOGIES INC [ TYL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025

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	09/15/2025		M		750	A	$146.92(1)	3,922	D
Common Stock	09/15/2025		S		750	D	$538.3	3,172	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
Option	$146.92	09/15/2025		M			750	(2)	05/11/2026	Common Stock	750	$0	4,250	D

Explanation of Responses:

1. Acquired through the exercise of stock options.

2. Option has graded vesting. Dates exercisable will vary with each vesting tranche.

	Randall G. Ray, attorney-in-fact	09/17/2025
	** 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.

FAQ

Who filed the Form 4 for Tyler Technologies (TYL)?

The Form 4 was filed on behalf of Carter Glenn A, identified as a director of Tyler Technologies.

What transactions did the director report on 09/15/2025?

The director reported an exercise of 750 stock options at $146.92 and a sale of 750 shares at $538.30 on 09/15/2025.

How many shares does the report show after the transactions?

The non-derivative lines list 3,922 and 3,172 shares in reported post-transaction amounts; the derivative section lists 750 options and a post-transaction derivative total of 4,250 shares.

Were the acquired shares from option exercise vested?

The filing states the shares were acquired through the exercise of stock options and notes the option has graded vesting, with exercisable dates varying by tranche.

When was the Form 4 signed and who signed it?

The form was signed by Randall G. Ray, attorney-in-fact on 09/17/2025.