Carter Glenn A 4

What Happened

• Glenn Carter, a director of Tyler Technologies, exercised stock options to acquire 3,750 shares (1,624 + 2,126) at $146.92 per share on March 12, 2026, paying a total of $550,950. He sold 1,624 of those shares in an open-market transaction at $349.14 per share for gross proceeds of $567,003.
• The Form 4 also shows derivative disposition entries at $0 for the 1,624 and 2,126-share tranches, reflecting the conversion/cancellation of the exercised options into shares.

Key Details

• Transaction date: 2026-03-12; filing date: 2026-03-16 (filed within the usual 2 business-day window).
• Options exercised: 3,750 shares total (1,624 and 2,126) at $146.92 each; total exercise cost ≈ $550,950.
• Open-market sale: 1,624 shares at $349.14 each; gross proceeds ≈ $567,003.
• Footnotes: F1 = shares acquired via exercise of stock options; F2 = option has graded vesting (dates exercisable vary by tranche).
• Shares owned after the transactions: not stated in the information provided in this summary.

Context

• This filing shows an option exercise (a purchase of shares via option exercise) followed by a partial sale of the exercised shares. Selling some shares immediately after exercising is common (to cover exercise cost, taxes, or to diversify) and does not by itself indicate broader insider sentiment.
• The graded vesting footnote means the options exercised were subject to scheduled vesting tranches; dates exercisable vary by tranche.