Certain Restricted Stock Units of Paycor HCM, Inc. are subject to a Lock-Up Agreement Ending on 1-JAN-2023.
January 01, 2023
Share
Certain Restricted Stock Units of Paycor HCM, Inc. are subject to a Lock-Up Agreement Ending on 1-JAN-2023. These Restricted Stock Units will be under lockup for 31 days starting from 1-DEC-2022 to 1-JAN-2023.
Details:
Executives and directors, Pride Aggregator, the selling stockholders, and certain limited partners of Pride Aggregator receiving 1,888,221 of the 8,278,813 distributed shares not being sold in this offering have agreed, subject to certain exceptions, that for a period of 30 days after the date of this prospectus supplement, they will not offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend, or otherwise transfer or dispose of, directly or indirectly, or submit to, or file with, the SEC a registration statement under the Securities Act relating to, any shares of common stock or any securities convertible into or exercisable or exchangeable for common stock, or publicly disclose the intention to undertake any of the foregoing.
Paycor HCM, Inc. is a provider of human capital management (HCM) software in the United States. The Company offers solutions, such as payroll, human resources (HR) services, talent management, workforce management, benefits administration, reporting and analytics, and other payroll-related services. Its services are generally provided in a Software-as-a-Service (SaaS) delivery model utilizing a cloud-based platform. The Companyâs solutions target small and medium-sized businesses. The Company's HCM solution automates routine management tasks so frontline leaders can focus on the key elements that drive business performance and employee engagement, such as goal setting, coaching and talent development. The Company's comprehensive suite of solutions enables organizations to streamline administrative workflows and achieve regulatory compliance while serving as the single, secure system of record for employee data.