Tyler Technologies, Inc. filed an 8-K with the U.S. Securities and Exchange Commission on September 15, 2026, disclosing the establishment of a Rule 10b5-1 trading plan to repurchase up to $260.0 million of its common stock.

Key Highlights

  • Plan size: Tyler Technologies entered into a Rule 10b5-1 trading plan to repurchase up to $260.0 million of its common stock.
  • Repurchase window: Share repurchases under the plan may commence September 16, 2026, and will end October 29, 2026.
  • Remaining board authorization: As of September 15, 2026, the company reported remaining board authorization to repurchase up to $1.416 billion of its common stock.
  • Recent board actions: On February 3, 2026, the Board authorized repurchase of up to $1.0 billion, replacing all prior authorizations; on July 24, 2026, an additional $1.5 billion repurchase plan was authorized.
  • Funding source: According to the filing, share repurchases are generally funded using existing cash balances and borrowings under the company's credit facility.

Tyler Technologies Establishes Rule 10b5-1 Plan for Share Repurchases

Tyler Technologies, Inc. (NYSE:TYL) disclosed on September 15, 2026, that it entered into a Rule 10b5-1 trading plan with a brokerage firm. According to the filing, the plan covers the repurchase of up to $260.0 million of the company's common stock, with repurchases eligible to begin September 16, 2026, and concluding no later than October 29, 2026.

The filing notes that Tyler's broader share repurchase program was originally announced in October 2002 and has been amended at various times from 2003 through 2026. The most recent board actions include a February 3, 2026 authorization for up to $1.0 billion, which the filing states "replaced and superseded all previous authorizations," followed by an additional $1.5 billion authorization on July 24, 2026. The filing states there is no expiration date specified for the overall board authorization, and the Board also authorized the company to enter into one or more Rule 10b5-1 trading plans for share repurchases.

The filing states that the plan "is intended to comply with Rule 10b5-1 of the Securities Exchange Act of 1934 and Tyler's insider trading policy." The disclosure further notes that Rule 10b5-1 permits individuals and issuers who have determined in good faith that they are not in possession of material, nonpublic information to establish prearranged written stock trading plans. The filing was signed by Brian K. Miller, Executive Vice President and Chief Financial Officer.

What Was Disclosed

Tyler Technologies reported entering into a Rule 10b5-1 stock repurchase plan covering up to $260.0 million of common stock, active from September 16 through October 29, 2026, with $1.416 billion in remaining board repurchase authorization as of the filing date.