Kyle C. Badger, SVP, General Counsel and Secretary of Agilysys Inc., filed a Form 4 on November 3, 2026, reporting the vesting and settlement of restricted stock units and related share withholdings that occurred on October 30, 2026.

Key Highlights

  • RSU vesting, first tranche: 622 restricted stock units vested and converted into 622 shares of common stock on October 30, 2026, at no cash consideration.
  • RSU vesting, second tranche: An additional 1,110 restricted stock units vested and converted into 1,110 shares of common stock on October 30, 2026, at no cash consideration.
  • Shares withheld for taxes (restricted shares): 227 shares were withheld by Agilysys at $115.8 per share to cover statutory tax obligations from the lapse of restrictions on previously granted restricted shares.
  • Shares withheld for taxes (RSUs): A combined 509 shares (183 plus 326) were withheld by Agilysys at $115.8 per share to cover statutory tax obligations from the RSU vestings; no shares were sold by the reporting person.
  • Resulting beneficial ownership: Following all reported transactions, Badger directly holds 76,033 shares of common stock.
  • Remaining derivative securities: Badger holds 2,222 unvested restricted stock units following the reported transactions, vesting per applicable grant schedules subject to continued service.

Badger's October 30 RSU Vestings and Tax Withholdings at Agilysys

According to the filing, Kyle C. Badger, identified as SVP, GC and Secretary of Agilysys Inc. (NASDAQ:AGYS), reported a series of six transactions on October 30, 2026. Two transactions involved the vesting of restricted stock units under the Agilysys equity incentive plan. The first tranche consisted of 622 RSUs that vested and settled into 622 shares of common stock, and the second consisted of 1,110 RSUs that vested and settled into 1,110 shares, in both cases at a price of $0 reflecting no cash consideration paid by the reporting person.

Three separate share withholding transactions accompanied the vestings. The filing states that 227 shares were withheld by Agilysys to satisfy statutory tax withholding obligations arising from the lapse of restrictions on restricted shares of common stock previously granted under the Agilysys equity incentive plan. Separately, 183 shares and 326 shares were withheld in connection with the vesting and settlement of the two RSU tranches, respectively. All withholdings were at a price of $115.8 per share. The filing explicitly states: "No shares were sold by the reporting person" in connection with any of these withholding transactions.

After all reported transactions, Badger's direct beneficial ownership of Agilysys common stock stood at 76,033 shares, according to the filing. On the derivative securities side, 2,844 RSUs were reported as beneficially owned prior to the vestings; following the settlement of 622 and 1,110 RSUs, the remaining balance is 2,222 unvested RSUs, which the filing notes "vest in accordance with their applicable grant schedules, subject to continued service through each vesting date."

What Was Disclosed

The Form 4 filed November 3, 2026, by Kyle C. Badger covers RSU vestings totaling 1,732 shares and related tax withholdings of 736 shares on October 30, 2026, leaving Badger with direct ownership of 76,033 Agilysys common shares and 2,222 remaining unvested RSUs.