4/A: Dayforce Inc. Chairman and CEO David Ossip Amends Form 4 Filing to Disclose Additional Share Distribution
SEC Filing
David Ossip, Chairman and CEO of Dayforce Inc., files an amended Form 4 to report an additional pro rata distribution of shares received through OsFund Inc.
Summary
- David Ossip, Chairman and CEO of Dayforce Inc., filed an amended Form 4 (Form 4/A) with the SEC on March 22, 2024.
- The amendment corrects an oversight in the original Form 4 filed on August 9, 2019.
- The correction discloses an additional 40,553 shares received from a pro rata distribution on August 1, 2019, from a limited partnership of which OsFund Inc. is a limited partner.
- On August 8, 2019, Ossip engaged in transactions involving Dayforce Inc. common stock, including the exercise of options for 500,000 shares at $16.80 and the sale of 500,000 shares at $49.27.
- Following these transactions, Ossip directly owns 521,843 shares of common stock.
- Ossip also indirectly owns 269,638 shares through OsFund Inc. and 1,860,899 shares through Osscer Inc.
- Ossip holds various options to purchase Dayforce Inc. common stock at prices ranging from $16.80 to $49.93, with expiration dates between 2023 and 2029.
- He also holds 8,328 exchangeable shares of Ceridian AcquisitionCo ULC, exchangeable for Dayforce Inc. common stock.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing. The sentiment is neutral as it simply reports transactions. The amendment suggests a commitment to transparency.
Industry Context
Form 4 filings are a standard part of insider trading regulations, providing transparency into the transactions of company executives and directors. This amended filing ensures compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 08/01/2019 | Date of pro rata distribution from a limited partnership of which OsFund Inc. is a limited partner. |
| 08/08/2019 | Date of earliest transaction: exercise of options and sale of shares. |
| 08/09/2019 | Date of original Form 4 filing. |
| 03/20/2020 | Vesting date for restricted stock units and options. |
| 03/22/2024 | Date of amended Form 4/A filing. |
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