H. Lynn Moore Jr., President and CEO of Tyler Technologies (TYL), has filed 112 Form 4 transactions with the SEC, all concentrated in the single software company. The aggregate picture is unambiguous: Moore has sold approximately $28.4 million worth of TYL stock over the filing period, with zero open-market purchases and zero acquisitions of shares through any other means. The most recent cluster of activity, dated March 1, 2026, is dominated by code "F" transactions—shares withheld to cover tax obligations on vested equity—totaling roughly $4.1 million in value, alongside code "A" grants and code "M" option exercises that carried no dollar value. These are mechanical events tied to compensation vesting, not discretionary trades.
The last discretionary sales occurred on August 11, 2025, when Moore executed four open-market "S" transactions totaling approximately $981,617. The individual sales ranged from $59,322 to $416,097, with the largest single disposition being a $416,097.50 sale. Notably, the March 2026 filing includes six code "F" withholdings and five code "M" exercises in a single day, suggesting a large vesting event where Moore exercised options and immediately had a portion of the resulting shares withheld for taxes. The pattern reveals a consistent sell-side bias: Moore has never recorded a "P" purchase in the available data, and the only cash-generating events are these periodic sales and tax withholdings. The absence of any buying activity, combined with the steady stream of sales tied to equity compensation, indicates that Moore is a net liquidator of his TYL holdings rather than an accumulator.
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