MILLER SCOTT DAVID 4
4 · PAYCOR HCM, INC. · Filed Apr 15, 2025
Insider Transaction Report
Form 4
PAYCOR HCM, INC.PYCR
MILLER SCOTT DAVID
Director
Transactions
- Disposition to Issuer
Common Stock
2025-04-14$22.50/sh−239,547.95$5,389,829→ 0 total
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of January 7, 2025 (the "Merger Agreement"), by and among the Issuer, Paychex, Inc. ("Parent"), and Skyline Merger Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving as a wholly owned subsidiary of Parent. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of the Issuer's common stock, par value $0.001 per share ("Common Stock"), owned by the reporting person immediately prior to the Effective Time was automatically cancelled and converted into the right to receive $22.50 per share in cash, without interest (the "Per Share Price").
- [F2]The shares of Common Stock reported as disposed by the reporting person include 11,981 unvested restricted stock units ("Company RSUs") which, pursuant to the Merger Agreement, were, at or immediately prior the Effective Time, fully vested, cancelled and converted into the right to receive, without interest, an amount in cash equal to (i) the Per Share Price, multiplied by (ii) the number of such Company RSUs.