03/03/2026 | Press release | Distributed by Public on 03/03/2026 12:44
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FORM 4
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
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1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) |
4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Performance-Based Restricted Stock Unit | (1) | 03/01/2026 | M | 10,153 | (3) | (3) | Common Stock | 10,153 | $ 0 | 0 | D | ||||
| Performance-Based Restricted Stock Unit | (1) | 03/01/2026 | M | 15,229 | (4) | (4) | Common Stock | 15,229 | $ 0 | 0 | D | ||||
| Performance-Based Restricted Stock Unit | (1) | 03/01/2026 | M | 2,283 | (5) | (5) | Common Stock | 2,283 | $ 0 | 0 | D | ||||
| Restricted Stock Unit | (2) | 03/01/2026 | M | 1,042 | (6) | (6) | Common Stock | 1,042 | $ 0 | 0 | D | ||||
| Restricted Stock Unit | (2) | 03/01/2026 | M | 756 | (7) | (7) | Common Stock | 756 | $ 0 | 756 | D | ||||
| Restricted Stock Unit | (2) | 03/01/2026 | M | 547 | (8) | (8) | Common Stock | 547 | $ 0 | 1,096 | D | ||||
| Performance-Based Restricted Stock Unit | (9) | 03/01/2026 | A | 10,572 | (10) | (10) | Common Stock | 10,572 | $ 0 | 10,572 | D | ||||
| Performance-Based Restricted Stock Unit | (9) | 03/01/2026 | A | 10,572 | (11) | (11) | Common Stock | 10,572 | $ 0 | 10,572 | D | ||||
| Performance-Based Restricted Stock Unit | (9) | 03/01/2026 | A | 1,903 | (12) | (12) | Common Stock | 1,903 | $ 0 | 1,903 | D | ||||
| Restricted Stock Unit | (13) | 03/01/2026 | A | 3,524 | (14) | (14) | Common Stock | 3,524 | $ 0 | 3,524 | D | ||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
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MOORE H LYNN JR 5101 TENNYSON PARKWAY PLANO, TX 75024 |
X | President and CEO | ||
| Randall G. Ray, attorney-in-fact | 03/03/2026 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Performance-based restricted stock units convert into common stock on a one-to-one basis. |
| (2) | Restricted stock units convert into common stock on a one-to-one basis. |
| (3) | On March 1, 2023, the reporting person was granted performance-based restricted stock units based upon cumulative recurring revenue growth over the three-year performance period ending December 31, 2025 and continued employment through March 1, 2026. The number of vested units settled by the issuer in issuer common stock on such date reflects actual performance equal to 100% of target performance. |
| (4) | On March 1, 2023, the reporting person was granted performance-based restricted stock units based upon operating margin for the year ending December 31, 2025 and continued employment through March 1, 2026. The number of vested units settled by the issuer in issuer common stock on such date reflects actual performance equal to 150% of target performance (whereas the number of units originally reported in connection with the grant reflected assumed target performance). |
| (5) | On March 1, 2025, the reporting person was granted performance-based restricted stock units based upon non-GAAP earnings per share for the one-year period ending December 31, 2025. The number of vested units settled by the issuer in issuer common stock on March 1, 2026 reflects actual performance equal to 120% of target performance (whereas the number of units originally reported in connection with the grant reflected assumed target performance). |
| (6) | On March 1, 2023, the reporting person was granted 3,124 restricted stock units, to vest in equal installments on each of the first, second, and third anniversaries of the date of grant, and settled by the issuer on the respective anniversary dates, subject to the terms and conditions of the Issuer's Amended and Restated 2018 Stock Incentive Plan. |
| (7) | On March 1, 2024, the reporting person was granted 2,268 restricted stock units, to vest in equal installments on each of the first, second, and third anniversaries of the date of grant, and settled by the issuer on the respective anniversary dates, subject to the terms and conditions of the Issuer's Amended and Restated 2018 Stock Incentive Plan. |
| (8) | On March 1, 2025, the reporting person was granted 1,643 restricted stock units, to vest in equal installments on each of the first, second, and third anniversaries of the date of grant, and settled by the issuer on the respective anniversary dates, subject to the terms and conditions of the Issuer's Amended and Restated 2018 Stock Incentive Plan. |
| (9) | Each performance-based restricted stock unit represents a contingent right to receive one share of issuer common stock. |
| (10) | Vesting is subject to the issuer's achievement of long-term performance goals based upon cumulative non-GAAP adjusted recurring revenue growth over the three-year performance period ending December 31, 2028 and continued employment through March 1, 2029. The number of vested restricted stock units will be settled by the issuer in issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 150% of the restricted stock units awarded. |
| (11) | Vesting is subject to the issuer's achievement of long-term performance goals based upon non-GAAP net operating margin for the year ending December 31, 2028 and continued employment through March 1, 2029. The number of vested restricted stock units will be settled by the issuer in issuer common stock on such date. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 150% of the restricted stock units awarded. |
| (12) | Vesting is subject to the issuer's achievement of short-term performance goals based upon non-GAAP earnings per share for the one-year performance period ending December 31, 2026. The number of vested restricted stock units will be settled by the issuer in issuer common stock on March 1, 2027. The stated number of restricted stock units awarded reflects target performance. Depending upon actual performance during the performance period, the actual number of restricted stock units vested may range from 0% to 150% of the restricted stock units awarded. |
| (13) | Each restricted stock unit represents a contingent right to receive one share of issuer common stock. |
| (14) | The restricted stock units vest in equal installments on each of the first, second, and third anniversaries of the date of grant and will be settled by the issuer on such dates, subject to the terms and conditions of the issuer's Amended and Restated 2018 Stock Incentive Plan. |