Kenneth M. Kennedy - 17 May 2023 Form 4 Insider Report for CSG SYSTEMS INTERNATIONAL INC (CSGS)

Signature
/s/ Alyssa Gubics, attorney-in-fact for Kenneth M. Kennedy
Issuer symbol
CSGS
Transactions as of
17 May 2023
Net transactions value
-$441,513
Form type
4
Filing time
18 May 2023, 16:14:23 UTC
Previous filing
14 Mar 2023
Next filing
10 Oct 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CSGS Common Stock Sale $441,513 -9,000 -4.6% $49.06 185,466 17 May 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The shares sold are pursuant to a 10b5-1 trading plan. The price reported is the weighted average sale price.