John S. Marr Jr - Nov 14, 2023 Form 4 Insider Report for TYLER TECHNOLOGIES INC (TYL)

Signature
Randall G. Ray, attorney-in-fact
Stock symbol
TYL
Transactions as of
Nov 14, 2023
Transactions value $
-$2,634,250
Form type
4
Date filed
11/16/2023, 11:59 AM
Previous filing
Jun 7, 2023
Next filing
Nov 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TYL Common Stock Options Exercise $2M +11K +171.88% $181.79 17.4K Nov 14, 2023 Direct F1
transaction TYL Common Stock Sale -$1.11M -2.65K -15.25% $419.97 14.7K Nov 14, 2023 Direct F2
transaction TYL Common Stock Sale -$1.33M -3.16K -21.43% $420.91 11.6K Nov 14, 2023 Direct F3
transaction TYL Common Stock Sale -$1.64M -3.89K -33.54% $421.98 7.7K Nov 14, 2023 Direct F4
transaction TYL Common Stock Sale -$549K -1.3K -16.88% $422.65 6.4K Nov 14, 2023 Direct F5
holding TYL Common Stock 57.9K Nov 14, 2023 See footnote (6) F6

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TYL Option Options Exercise $0 -11K -100% $0.00* 0 Nov 14, 2023 Common Stock 11K $181.79 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired through the exercise of stock options.
F2 Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $419.43 to a high of $420.40 per share, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth with respect to this transaction and all sale transactions reported in this Form 4.
F3 Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $420.43 to a high of $421.42 per share, inclusive.
F4 Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $421.44 to a high of $422.42 per share, inclusive.
F5 Reflects the weighted average sale price. The shares were sold in multiple transactions at prices ranging from a low of $422.44 to a high of $423.21 per share, inclusive.
F6 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.
F7 Option has graded vesting. Dates exercisable will vary with each vesting tranche.