DAY Form 4: Jeffrey Jacobs disposes of 700 shares; holdings include 29,984 RSUs
Rhea-AI Filing Summary
Jeffrey Scott Jacobs, Head of Accounting & Financial Reporting at Dayforce, Inc. (DAY), reported a sale of 700 shares of common stock on 08/18/2025 at a price of $66.10 per share. The filing states the sales were effected pursuant to a Rule 10b5-1 trading plan adopted on November 27, 2024. After the reported sale the reporting person beneficially owned 49,754 shares, which the form discloses includes 184 and 139 ESPP shares purchased on March 31, 2025 and June 30, 2025, respectively, and 29,984 unvested restricted stock units. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Jacobs on 08/20/2025.
Positive
- Sale executed under a Rule 10b5-1 trading plan, indicating the transaction was pre-planned
- Filing discloses composition of holdings, including ESPP purchases and unvested restricted stock units for transparency
Negative
- Reporting person disposed of 700 shares, reducing their direct beneficial ownership
- 29,984 shares are unvested RSUs, meaning a large portion of the reported position is not immediately liquid
Insights
TL;DR: Insider sold a modest number of shares under a pre-established 10b5-1 plan; holdings still include substantial unvested RSUs.
The 700-share sale at $66.10 is a discrete, pre-planned transaction and does not, on its face, indicate opportunistic timing by management. The filing confirms continued ownership of 49,754 shares including 29,984 unvested RSUs, so a large portion of the reported position remains subject to vesting. This transaction alone provides limited new information about company performance or insider confidence; it primarily documents routine liquidity under an established trading policy.
TL;DR: Use of a Rule 10b5-1 plan demonstrates compliance with insider trading controls; disclosure is complete regarding ESPP and RSU composition.
The report explicitly states the sale was executed under a 10b5-1 trading plan adopted on 11/27/2024, which supports an affirmative defense against allegations of trading on material nonpublic information if conditions are met. The Form 4 also itemizes ESPP purchases and the significant count of unvested restricted stock units, aiding transparency on the nature of the insider’s holdings. Based solely on the filing, this is a routine compliance disclosure rather than a governance exception.