Form 4: Pure Cycle Corp Director Daniel Kozlowski Reports Share Transactions

Director Daniel Kozlowski of Pure Cycle Corp reports acquiring 2,566 shares and indirectly owning 2,668,778 shares through Plaisance SPV I, LLC.

Summary

• Daniel Kozlowski, a director of Pure Cycle Corp, reported a transaction on January 15, 2025.
• He acquired 2,566 shares of common stock as part of his director's compensation.
• He also indirectly owns 2,668,778 shares through Plaisance SPV I, LLC.
• These shares are managed by Plaisance Capital, LLC, where Kozlowski is a managing member.
• Kozlowski disclaims beneficial ownership of the indirectly held shares except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine filing of share transactions by a director, with no significant positive or negative implications. It is a neutral event.

Positives

• The acquisition of shares by a director could be seen as a positive sign of confidence in the company.
• The director's compensation structure includes equity, aligning his interests with shareholders.

Risks

• The disclaimer of beneficial ownership of the indirectly held shares could indicate a complex ownership structure.
• The large number of indirectly held shares could potentially lead to future transactions that could impact the stock price.

Management Comments

• Daniel Kozlowski disclaims beneficial ownership of the reported securities except to the extent of their respective pecuniary interest.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders reporting changes in their beneficial ownership of company stock. It is a routine part of corporate governance and transparency.

Comparison to Industry Standards

• The reporting of share transactions by directors is a standard practice across all publicly traded companies.
• The use of an SPV for indirect ownership is not uncommon, especially for investment managers.
• The disclaimer of beneficial ownership is a standard legal practice to avoid unintended implications of ownership.

Stakeholder Impact

• The share acquisition by a director could be viewed positively by shareholders, indicating confidence in the company.
• The indirect ownership structure may be of interest to stakeholders monitoring ownership concentration.

Key Dates

Keywords

Pure Cycle Corp, Daniel Kozlowski, share ownership, director compensation, Plaisance Capital, beneficial ownership, stock transaction