Form 4: Dayforce EVP Samer Alkharrat Reports Stock Sale Under 10b5-1 Plan

Dayforce's EVP, Chief Revenue Officer Samer Alkharrat, reports the sale of 1,916 shares of common stock at $56.64 per share under a pre-arranged Rule 10b5-1 trading plan.

Summary

• Samer Alkharrat, EVP and Chief Revenue Officer of Dayforce, Inc., reported a transaction involving the company's common stock on April 25, 2025.
• The transaction involved the sale of 1,916 shares at a price of $56.64 per share.
• This sale was executed under a Rule 10b5-1 trading plan adopted on December 5, 2024.
• Following the reported transaction, Alkharrat beneficially owns 150,237 shares, which includes shares acquired through the Employee Stock Purchase Plan and unvested restricted/performance stock units.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider stock sale under a pre-arranged plan. It doesn't inherently indicate positive or negative sentiment, but rather a routine transaction.

Positives

• The sale was executed under a pre-arranged Rule 10b5-1 trading plan, which is a legal and transparent way for insiders to sell shares.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The use of a 10b5-1 plan suggests the insider planned the sale in advance.

Comparison to Industry Standards

• Insider sales are common across publicly traded companies, and the use of Rule 10b5-1 plans is a standard practice to avoid accusations of trading on non-public information.
• Comparing Alkharrat's transactions to those of other executives at similar SaaS companies would provide a better understanding of whether this sale is typical or unusual.
• For example, executives at companies like Workday or Salesforce also regularly file Form 4s for stock transactions.

Stakeholder Impact

• The stock sale could have a minor impact on shareholder sentiment, but is unlikely to be significant given the pre-planned nature of the transaction.
• There is no direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, insider trading, stock sale, Rule 10b5-1, Samer Alkharrat, Dayforce, DAY