[144] Dayforce, Inc. SEC Filing
Dayforce, Inc. Form 144 notice shows a proposed sale of 3,232 restricted common shares acquired on 06/09/2025 from the issuer, with an aggregate market value of $222,296.96 and an approximate sale date of 09/25/2025 on the NYSE through Morgan Stanley Smith Barney LLC. The filer discloses two prior sales by the same person in the past three months: 3,233 shares on 08/25/2025 for $222,915.35 and 4,659 shares on 07/25/2025 for $278,095.71. The securities were acquired as restricted stock and paid on the acquisition date. The filer affirms no undisclosed material adverse information.
- Regulatory compliance: The filing provides required Rule 144 disclosure including broker, acquisition date, and nature of acquisition
- Transparency: Prior sales in the past three months are disclosed, aiding investor monitoring of insider transactions
- Insider selling: Proposed sale of 3,232 shares and recent sales of 7,892 shares in prior months could be interpreted negatively by some investors
- Limited context: Filing lacks information on post-sale ownership, percentage ownership, or whether a trading plan governs the sales
Insights
TL;DR Routine insider notice for sale of restricted shares; not obviously material based on disclosed amounts.
The Form 144 documents a planned sale of 3,232 restricted common shares valued at $222,296.96 to be executed through Morgan Stanley on the NYSE. Two recent insider sales totaling 7,892 shares are also disclosed for July and August 2025. From an investor disclosure and compliance perspective this filing provides transparency required under Rule 144 and confirms the shares were acquired from the issuer as restricted stock on 06/09/2025. The filing does not include remaining beneficial ownership, percentage ownership, or context on whether these sales reflect ongoing liquidity needs or systematic disposition plans, so materiality to Dayforce's overall capitalization cannot be assessed from this notice alone.
TL;DR Filing meets Rule 144 procedural disclosure; signals insider selling but lacks context to judge governance implications.
The notice fulfills statutory requirements by identifying the broker, class, acquisition date, nature of acquisition (restricted stock), and aggregate value for a proposed 09/25/2025 sale. Prior three-month sales are listed, which aids monitoring of officer/director transactions. The document includes the standard signer representation about no undisclosed material adverse information. Absent additional details—such as whether a 10b5-1 trading plan is in place, the filers post-sale ownership, or relationship to significant holders—this appears as routine disclosure rather than a governance red flag.