Kenneth M. Kennedy - May 17, 2023 Form 4 Insider Report for CSG SYSTEMS INTERNATIONAL INC (CSGS)

Role
EVP, COO & Pres-RMDM
Signature
/s/ Alyssa Gubics, attorney-in-fact for Kenneth M. Kennedy
Stock symbol
CSGS
Transactions as of
May 17, 2023
Transactions value $
-$441,513
Form type
4
Date filed
5/18/2023, 04:14 PM
Previous filing
Mar 14, 2023
Next filing
Oct 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSGS Common Stock Sale -$442K -9K -4.63% $49.06 185K May 17, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

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).

Explanation of Responses:

Id Content
F1 The shares sold are pursuant to a 10b5-1 trading plan. The price reported is the weighted average sale price.