Form 4: Pride Aggregator, LP Distributes Paycor HCM Shares to Limited Partners
SEC Form 4 Filing
Pride Aggregator, LP distributed 11,038,465 shares of Paycor HCM to its limited partners on March 6, 2024.
Summary
- On March 6, 2024, Pride Aggregator, LP distributed 11,038,465 shares of Paycor HCM, Inc. common stock to its limited partners.
- The distribution was pro rata and included Pride Feeder, LP and AIX Pride Syndication L.P.
- Following the transaction, Pride Aggregator, LP directly owns 96,140,927 shares.
- Pride GP, Inc. is the general partner of Pride Aggregator and Pride Feeder.
- Apax IX GP Co. Limited is the sole shareholder of Pride GP and the investment manager of Apax IX investment vehicles.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to a share distribution, indicating a neutral sentiment.
Industry Context
This filing reflects a change in ownership structure within Paycor HCM, as a major shareholder distributes its holdings to its limited partners. This type of transaction is not uncommon and often reflects internal restructuring within investment funds.
Related Party Transactions
- The distribution of shares to Pride Feeder, LP and AIX Pride Syndication L.P., which are related parties through common general partners and investment managers, constitutes a related party transaction.
Stakeholder Impact
- The distribution of shares may have a minor impact on shareholders as the ownership structure changes, but the overall control remains within the Apax IX fund.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of the transaction: distribution of Paycor HCM shares. |
| 03/08/2024 | Date of signature for the Form 4 filing. |
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