4/A: Pure Cycle Corp Director and 10% Owner, Daniel Kozlowski, Amends SEC Filing to Correctly Report Share Transactions

Daniel Kozlowski, a director and 10% owner of Pure Cycle Corp, amended his SEC Form 4 to include previously unreported transactions and correct the reporting of indirectly owned securities.

Summary

• This document is an amended SEC Form 4 filing by Daniel Kozlowski, a director and 10% owner of Pure Cycle Corp.
• The amendment corrects an earlier filing to include transactions that were inadvertently excluded and to correct the reporting of securities indirectly beneficially owned.
• The transactions involve the distribution of Pure Cycle Corp common stock from private investment funds managed by Plaisance Capital, LLC to their partners.
• These distributions were made in-kind as part of the liquidation of the investment funds on November 29 and November 30, 2022.
• Additionally, there were sales of common stock on November 29 and November 30, 2022, at weighted average prices of $10.211 and $10.2439 respectively.
• The reported transactions include both direct and indirect ownership of shares by Daniel Kozlowski, Plaisance SPV I, LLC, and Plaisance Capital LLC.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to insider transactions. It does not indicate any positive or negative sentiment towards the company's performance or future prospects. The amendment suggests a minor administrative issue.

Risks

• The amendment indicates a potential oversight in the initial reporting of transactions, which could raise questions about internal controls.
• The liquidation of investment funds and subsequent distribution of shares could potentially impact the stock's price due to increased supply.

Industry Context

This filing is a routine disclosure of insider transactions, which is common in the public markets. It does not indicate any specific trend in the industry but rather reflects the individual actions of a significant shareholder and director.

Comparison to Industry Standards

• SEC Form 4 filings are a standard requirement for corporate insiders, such as directors and 10% owners, to report their transactions in company stock.
• The level of detail provided in this filing is consistent with SEC regulations and industry norms.
• The amendment to the original filing is not uncommon and is often done to correct errors or omissions.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the increased supply of shares from the in-kind distributions and sales.
• The amendment to the filing ensures transparency and compliance with SEC regulations, which is beneficial for all stakeholders.

Key Dates

Keywords

SEC Form 4, Beneficial Ownership, Daniel Kozlowski, Pure Cycle Corp, Stock Transactions, Plaisance Capital, Share Distribution, Investment Funds, Director, 10% Owner