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Filing Details

Accession Number:: 0000919574-24-007018
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2024-12-05 18:02:00
Reporting Period:: 2022-11-29

Accepted Time:: 2024-12-05 18:02:00
Original Submission Date:: 2022-12-01
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
276720	Pure Cycle Corp	PCYO	Water Supply (4941)	840705083

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1761269	Plaisance Capital Llc	4790 S. Lafayette Street Englewood CO 80113	No	No	Yes	No
1791049	Plaisance Spv I, Llc	C/O Plaisance Capital, Llc 4790 S. Lafayette Street Englewood CO 80113	No	No	Yes	No
1791057	R Daniel Kozlowski	C/O Plaisance Capital, Llc 4790 S. Lafayette Street Englewood CO 80113	Yes	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value 1/3 Of $0.01 Per Share	Disposition	2022-11-29	344,967	$0.00	865,042	No	4	J	Indirect	See Footnote (2),
Common Stock, Par Value 1/3 Of $0.01 Per Share	Disposition	2022-11-30	865,042	$0.00	0	No	4	J	Indirect	See Footnote (2),
Common Stock, Par Value 1/3 Of $0.01 Per Share	Disposition	2022-11-29	16,500	$10.21	2,722,278	No	4	S	Indirect	See Footnote
Common Stock, Par Value 1/3 Of $0.01 Per Share	Disposition	2022-11-30	33,500	$10.24	2,688,778	No	4	S	Indirect	See Footnote
Common Stock, Par Value 1/3 Of $0.01 Per Share	Acquisiton	2022-11-29	26,208	$0.00	30,208	No	4	J	Direct
Common Stock, Par Value 1/3 Of $0.01 Per Share	Acquisiton	2022-11-30	309,744	$0.00	339,952	No	4	J	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	J	Indirect	See Footnote (2),
No	4	J	Indirect	See Footnote (2),
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	J	Direct
No	4	J	Direct

Footnotes

The original Form 4 is being amended to include transactions that were inadvertently excluded and to correct reporting of securities indirectly beneficially owned.
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.
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.
The price reported in Column 4 is a weighted average price. These shares were sold 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 sold at each separate price within the ranges set forth in this footnote.
The reported securities are directly owned by Plaisance SPV I, LLC, a Delaware limited liability company. The reported securities are deemed to be indirectly beneficially owned by the Investment Manager. The reported securities are 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.
The price reported in Column 4 is a weighted average price. These shares were sold 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 sold at each separate price within the ranges set forth in this footnote.
The reported securities are directly owned by Daniel Kozlowski in his personal capacity.