Form 4: Dayforce EVP, Chief Revenue Officer Sells Shares Under Pre-Arranged Trading Plan

Dayforce, Inc.'s Executive Vice President and Chief Revenue Officer, Samer Alkharrat, sold 3,966 shares of common stock for approximately $225,605 pursuant to a Rule 10b5-1 trading plan.

Summary

• Samer Alkharrat, EVP, Chief Revenue Officer of Dayforce, Inc. (DAY), reported a sale of common stock.
• The transaction involved the disposition of 3,966 shares of Dayforce Common Stock.
• The shares were sold at a price of $56.9 per share.
• The total value of the shares sold amounts to approximately $225,605.
• Following this transaction, Mr. Alkharrat beneficially owns 146,271 shares of Dayforce, Inc. common stock.
• This remaining beneficial ownership includes 116,994 unvested restricted stock units (RSUs) and 7,785 unvested performance stock units (PSUs).
• The sale was executed on May 23, 2025, and was conducted pursuant to a Rule 10b5-1 trading plan adopted by Mr. Alkharrat on December 5, 2024.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While an insider sale can sometimes be viewed negatively, the fact that it was executed under a Rule 10b5-1 trading plan adopted well in advance (December 2024 for a May 2025 sale) mitigates concerns about opportunistic selling based on new, non-public information. It suggests a pre-planned financial management decision rather than a reaction to company performance.

Positives

• The sale was conducted under a pre-arranged Rule 10b5-1 trading plan, which indicates the transaction was scheduled in advance and not based on immediate, non-public information, thereby reducing concerns about opportunistic insider selling.

Negatives

• An executive selling shares, even under a pre-arranged plan, reduces their direct equity alignment with the company's common shareholders.

Risks

• No specific risks beyond the general implications of an insider stock sale were mentioned in the document.

Future Outlook

The document, being a Form 4, does not provide any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This Form 4 filing is a routine disclosure of an insider stock transaction and does not provide broader industry context or trends. It reflects an individual executive's pre-planned equity management.

Related Party Transactions

• The transaction involves an executive (Samer Alkharrat) of Dayforce, Inc. selling company stock, which is by definition an insider transaction.

Stakeholder Impact

• Shareholders: The sale represents a minor reduction in direct equity alignment from a key executive, but the pre-planned nature (10b5-1) suggests it's not a signal of negative company prospects. The impact is likely minimal given the size relative to total shares outstanding.

Key Dates

Keywords

Dayforce, DAY, Samer Alkharrat, Insider Trading, Form 4, Stock Sale, Executive, 10b5-1 Plan, Common Stock, Beneficial Ownership