MAK CAPITAL ONE LLC - 21 Jun 2024 Form 4 Insider Report for AGILYSYS INC (AGYS)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
25 Jun 2024, 16:46:05 UTC
Prior SEC filing
20 Jun 2024
Next SEC filing
06 Sep 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
s/ Michael A. Kaufman, individually, and as Managing Member of MAK Capital One LLC and Authorized Signatory of MAK Capital Fund LP

Key filing fact

MAK CAPITAL ONE LLC filed Form 4 for AGILYSYS INC (AGYS) on 25 Jun 2024.

Key facts

  • This page summarizes MAK CAPITAL ONE LLC's Form 4 filing for AGILYSYS INC (AGYS).
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 25 Jun 2024, 16:46.

Change

  • Previous filing in this sequence was filed on 20 Jun 2024.
  • Current net transaction value: -$16,345,605.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

AGYS transaction

Common Stock

Sale

Transaction value
$5,885,868
Shares
-61,035
Change %
-4.5%
Price
$96.43
Shares after
1,298,407
Date
21 Jun 2024
Ownership
See Footnote
Footnotes
F1, F2
AGYS transaction

Common Stock

Sale

Transaction value
$4,431,465
Shares
-45,000
Change %
-3.5%
Price
$98.48
Shares after
1,253,407
Date
24 Jun 2024
Ownership
See Footnote
Footnotes
F1, F2
AGYS transaction

Common Stock

Sale

Transaction value
$6,028,272
Shares
-60,677
Change %
-4.8%
Price
$99.35
Shares after
1,192,730
Date
25 Jun 2024
Ownership
See Footnote
Footnotes
F1, F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Rule 10b5-1 trading plan

These transactions were reported as open-market trades under a Rule 10b5-1 plan. The plan lets an insider set trading instructions in advance, which can reduce the risk of trading while in possession of material nonpublic information.

Original filing language: transaction made pursuant to a contract, instruction, or written plan intended to satisfy Rule 10b5-1(c).

Explanation of responses 2 footnotes

Footnote F1

The transactions reported on this Form 4 were effected pursuant to a Rule 10b5-1 Transaction Plan dated January 25, 2024 between MAK Capital One LLC ("MAK Capital") and BTIG, LLC.

Footnote F2

MAK Capital acts as the investment manager of MAK Capital Fund LP ("MAK Fund") and Michael A. Kaufman ("Mr. Kaufman") is the managing member of MAK Capital. Each of MAK Capital and Mr. Kaufman may be deemed to indirectly beneficially own the shares of Common Stock held by MAK Fund. Each of MAK Capital and Mr. Kaufman disclaims such beneficial ownership, except to the extent of its pecuniary interest therein. Each of MAK Capital, MAK Fund and Mr. Kaufman may be deemed to be a member of a "group" (within the meaning of Rule 13d-5 under the Act).

SEC remarks

*The reported price is a weighted average. The Reporting Persons undertake to provide to the Issuer and the Staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price.

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