John S. Marr Jr - May 17, 2023 Form 4 Insider Report for TYLER TECHNOLOGIES INC (TYL)

Signature
Randall G. Ray, attorney-in-fact
Stock symbol
TYL
Transactions as of
May 17, 2023
Transactions value $
-$7,870,515
Form type
4
Date filed
6/13/2023, 11:00 AM
Previous filing
Jun 7, 2023
Next filing
Jun 7, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYL Common Stock Sale -$4.68M -12K -15.41% $390.29 65.9K May 17, 2023 See footnote (3) F1, F2, F3
transaction TYL Common Stock Sale -$3.19M -8K -12.14% $398.38 57.9K May 18, 2023 See footnote (4) F1, F2, F4
holding TYL Common Stock 6.4K May 17, 2023 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the average sales price for the reported transaction. The shares were sold in multiple transactions. The reporting person will provide to the Commission, the issuer or any stockholder, upon request, full information regarding the number of shares sold at each separate price.
F2 The reported transactions reflect the sale of shares by 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. The shares owned by such trust prior to the reported transactions were incorrectly included in the total amount of securities directly owned by the reporting person, rather than in the total amount of securities indirectly owned by the reporting person. The total amount of securities indirectly owned by the reporting person as of June 13, 2023, the date of this filing, is 57,888. For the avoidance of doubt, this does not impact the total amount of reported shares owned by Mr. Marr.
F3 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) 20,738 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) 39,500 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.
F4 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) 12,738 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) 39,500 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.
F5 The reported transactions reflect the sale of shares by 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. The shares owned by such trust prior to the reported transactions were incorrectly included in the total amount of securities directly owned by the reporting person, rather than in the total amount of securities indirectly owned by the reporting person. The total amount of securities directly owned by the reporting person as of June 13, 2023, the date of this filing, is 6,400. For the avoidance of doubt, this does not impact the total amount of reported shares owned by Mr. Marr.