4/A: Dayforce Inc. Chairman and CEO David Ossip Reports Changes in Beneficial Ownership

David Ossip, Chairman and CEO of Dayforce Inc., reports transactions involving company stock, including the exercise of options and sale of shares, as well as adjustments to previously reported holdings.

Summary

• David Ossip, Chairman and CEO of Dayforce Inc., filed an amended Form 4/A with the SEC on May 7, 2024, reporting changes in his beneficial ownership of Dayforce stock.
• On August 8, 2019, Ossip exercised options to acquire 500,000 shares at $16.80 per share and sold 500,000 shares at $49.27 per share.
• Following these transactions, Ossip directly owns 521,843 shares of common stock.
• He also indirectly owns 229,085 shares through OsFund Inc. and Osscer Inc.
• The report clarifies an administrative oversight in a previous filing on March 22, 2024, which incorrectly included 40,553 shares in OsFund Inc.'s reported holdings.
• Ossip holds options to purchase additional shares at various exercise prices and vesting schedules.

Sentiment

Score: 5

Explanation: This is a neutral regulatory filing. It simply reports transactions and holdings, without expressing any particular sentiment.

Future Outlook

The document does not contain specific forward-looking statements, but it details the executive's holdings and future vesting schedules for options and restricted stock units.

Industry Context

This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It's common for executives to exercise stock options and sell shares for personal financial management.

Comparison to Industry Standards

• Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
• The vesting schedules and exercise prices of these options are generally comparable to those offered by similar companies in the technology sector.
• The reporting requirements under Section 16(a) of the Securities Exchange Act of 1934 are standard practice for ensuring transparency in insider trading.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders, as they reflect insider activity in the company's stock.
• The filing provides transparency to stakeholders regarding the executive's ownership stake and potential future dilution from option exercises.

Key Dates