Form 4 for TYL Tyler Technologies

Accepted 2023-06-13 00:00:00 ET · period of report 2023-05-17 · accession 0001240085-23-000038 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
MI	2023-06-13	2023-05-17+	TYL	MARR JOHN S JR	Executive COB, Dir	S - Sale	$393.53	-20.0K	65.9K	-23%	-$7.87M

Purchase Sale Sale after option exercise All abbreviations

Every reported transaction

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-05-18	S	D	8,000	$398.38	57,888	I See footnote (4)	—	—	(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. (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.
2	Common	Common Stock	2023-05-17	S	D	12,000	$390.29	65,888	I See footnote (3)	—	—	(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.