Plaisance SPV I, LLC - 29 Nov 2022 Form 4 Insider Report for PURE CYCLE CORP (PCYO)

Reporting relationship: 10%+ Owner
Issuer ticker: PCYO
Reported as of: 29 Nov 2022
Net transaction value: -$511,652
SEC form: 4
Accepted by SEC: 01 Dec 2022, 17:43:34 UTC
Source filing: View source filing
Reporting owner signature: Plaisance SPV I, LLC By: Plaisance Capital, LLC, its managing member By: Daniel Kozlowski, managing member of Plaisance Capital, LLC /s/ Daniel Kozlowski

Key filing fact

Plaisance SPV I, LLC filed Form 4 for PURE CYCLE CORP (PCYO) on 01 Dec 2022.

Key facts

This page summarizes Plaisance SPV I, LLC's Form 4 filing for PURE CYCLE CORP (PCYO).
4 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 01 Dec 2022, 17:43.

Change

No earlier filing in this sequence is available for direct comparison.
Current net transaction value: -$511,652.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PCYO transaction

Common Stock, par value 1/3 of $0.01 per share

Other

Transaction value
Shares: -344,967
Change %: -8.7%
Price
Shares after: 3,603,820
Date: 29 Nov 2022
Ownership: See Footnote
Footnotes: F1, F2

PCYO transaction

Common Stock, par value 1/3 of $0.01 per share

Sale

Transaction value: $168,482
Shares: -16,500
Change %: -0.6%
Price: $10.21
Shares after: 2,722,278
Date: 29 Nov 2022
Ownership: Direct
Footnotes: F3, F4

PCYO transaction

Common Stock, par value 1/3 of $0.01 per share

Other

Transaction value
Shares: -865,042
Change %: -24%
Price
Shares after: 2,722,278
Date: 30 Nov 2022
Ownership: See Footnote
Footnotes: F1, F2

PCYO transaction

Common Stock, par value 1/3 of $0.01 per share

Sale

Transaction value: $343,171
Shares: -33,500
Change %: -1.2%
Price: $10.24
Shares after: 2,688,778
Date: 30 Nov 2022
Ownership: Direct
Footnotes: F3, F5

PCYO holding

Common Stock, par value 1/3 of $0.01 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 2,688,778
Date: 29 Nov 2022
Ownership: See Footnote
Footnotes: F6

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 6 footnotes

Footnote F1

The reported securities were owned directly by certain private investment funds managed by the Investment Manager ("Other Clients"), and were deemed to be beneficially owned by Plaisance Capital, LLC, as the investment manager of the Other Clients (the "Investment Manager") and by Daniel Kozlowski, managing member of the Investment Manager. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that either of them are the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Footnote F2

On each of November 29, 2022 and November 30, 2022, respectively, in connection with the liquidation of the Other Clients, each of the Other Clients made an in-kind distribution of the reported securities to their partners. The distribution was consistent with the Other Clients' respective governing documents and was made on a pro rata basis to all partners in each Other Client. No consideration was received by the Reporting Persons in connection with such distribution.

Footnote F3

The reported securities were directly owned by Plaisance SPV I, LLC, a Delaware limited liability company. The reported securities were deemed to be indirectly beneficially owned by the Investment Manager. The reported securities were also deemed to be indirectly beneficially owned by Daniel Kozlowski as managing member of the Investment Manager. Each of the Investment Manager and Daniel Kozlowski disclaim beneficial ownership of the reported securities except to the extent of their respective pecuniary interest, if any, therein, and this report shall not be deemed an admission that either of them are the beneficial owners of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

Footnote F4

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $10.10 to $10.29. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

Footnote F5

The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $10.10 to $10.25. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.

Footnote F6

The reported securities were directly owned by Plaisance SPV I, LLC and by certain Other Clients managed by the Investment Manager, and were deemed to be indirectly beneficially owned by the Investment Manager and by Daniel Kozlowski, managing member of the Investment Manager. Each of the Investment Manager and Daniel Kozlowski disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that either of them are the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.