Agilysys Inc. Chief Technology Officer Shivashankar Sethuram filed a Form 4 on November 3, 2026, disclosing RSU vestings and related tax withholding transactions in Agilysys common stock dated October 30, 2026.

Key Highlights

  • Two RSU grants vested: 723 RSUs and 1,388 RSUs converted into common stock on a one-for-one basis on October 30, 2026, for no cash consideration.
  • Tax withholding shares disposed: Agilysys withheld a total of 737 shares (222 plus 177 plus 338) at $115.80 per share to satisfy statutory tax obligations; no shares were sold by the reporting person.
  • Resulting beneficial ownership: Following all reported transactions, Sethuram directly held 25,405 shares of common stock.
  • Remaining RSU balance: After the vestings, Sethuram held 723 and 2,776 unvested RSUs respectively, with remaining units vesting per applicable grant schedules subject to continued service.
  • Issuer and exchange: Agilysys Inc. is listed as NASDAQ:AGYS, as stated in the filing.

Sethuram's October 30 RSU Vestings and Tax Withholding Details

According to the Form 4 filing, Shivashankar Sethuram, identified as Chief Technology Officer of Agilysys Inc. (NASDAQ:AGYS), reported a series of transactions on October 30, 2026. Two separate RSU grants vested on that date: 723 RSUs under one grant and 1,388 RSUs under a separate grant, each converting into shares of common stock on a one-for-one basis. The filing states that the shares were acquired "upon the vesting and settlement of RSUs for no cash consideration," reflected as Transaction Code "M" in Table I.

In connection with the vesting events, Agilysys withheld shares to satisfy statutory tax obligations. The filing records three separate Tax withholding dispositions (Transaction Code "F"): 222 shares at $115.80, then 177 shares at $115.80, and 338 shares at $115.80. The filing explicitly states that "no shares were sold by the reporting person" in relation to either withholding event. Following all five reported transactions, Sethuram's direct beneficial ownership of common stock stood at 25,405 shares.

In Table II, the filing shows that after the vesting of 723 RSUs from the first grant, 723 RSUs remain. After the vesting of 1,388 RSUs from the second grant, 2,776 RSUs remain. The filing notes that remaining unvested RSUs "vest in accordance with their applicable grant schedules, subject to continued service through each vesting date." The Form 4 was signed by Kyle C. Badger as Attorney-in-Fact and filed on November 3, 2026.

What Was Disclosed

The filing disclosed the vesting of two RSU tranches totaling 2,111 shares acquired by Sethuram, the withholding of 737 shares by Agilysys at $115.80 per share for tax purposes, and a resulting direct common stock holding of 25,405 shares as of October 30, 2026.