[Form 4] Dayforce, Inc. Insider Trading Activity
Dayforce, Inc. (DAY) Form 4: Samer Alkharrat, EVP and Chief Revenue Officer, reported the sale of 3,233 shares of Dayforce common stock on 08/25/2025 at a price of $68.95 per share. The filing states the sales were effected under a Rule 10b5-1 trading plan adopted December 5, 2024. After the reported disposition, Alkharrat beneficially owns 124,399 shares, which include 90,723 unvested restricted stock units and 7,785 unvested performance stock units. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person.
- Sale executed under a Rule 10b5-1 trading plan, indicating pre-planned, compliant insider trading
- Full disclosure of remaining beneficial ownership, including counts of unvested restricted stock units and performance stock units
- Insider disposed of 3,233 shares at $68.95, reducing direct holdings
- Large portion of remaining holdings is unvested (90,723 RSUs and 7,785 PSUs), which affects immediate economic alignment
Insights
TL;DR: Insider sold a small block under a pre-established 10b5-1 plan; remaining holdings remain sizeable and include many unvested units.
The reported sale of 3,233 shares at $68.95 via a Rule 10b5-1 plan indicates a prearranged disposition rather than opportunistic trading. The post-transaction beneficial position of 124,399 shares retains substantial economic exposure, but a large portion is unvested, which limits immediate liquidity. This disclosure is routine and provides transparency into executive liquidity actions without signaling a change in corporate strategy.
TL;DR: Use of a documented 10b5-1 plan and attorney-in-fact signature reflect standard governance and compliance practices.
The filing explicitly notes the sale was executed under a 10b5-1 trading plan adopted December 5, 2024, and the Form 4 was executed by an attorney-in-fact, demonstrating adherence to insider trading protocols and disclosure rules. The disclosure that a substantial portion of the remaining position consists of unvested RSUs and PSUs is material for assessing actual control and economic interest. Overall, this is a compliance-focused disclosure with limited governance concern.