0001835681-24-000072.txt : 20240508
0001835681-24-000072.hdr.sgml : 20240508
20240508134845
ACCESSION NUMBER: 0001835681-24-000072
CONFORMED SUBMISSION TYPE: 4/A
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240401
FILED AS OF DATE: 20240508
DATE AS OF CHANGE: 20240508
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shander Eric Ryan
CENTRAL INDEX KEY: 0001670485
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-40684
FILM NUMBER: 24925215
MAIL ADDRESS:
STREET 1: 100 EAST DAVIE STREET
CITY: RALEIGH
STATE: NC
ZIP: 27601
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: POWERSCHOOL HOLDINGS, INC.
CENTRAL INDEX KEY: 0001835681
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372]
ORGANIZATION NAME: 06 Technology
IRS NUMBER: 854166024
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 150 PARKSHORE DRIVE
CITY: FOLSOM
STATE: CA
ZIP: 95630
BUSINESS PHONE: (916) 767-3628
MAIL ADDRESS:
STREET 1: 150 PARKSHORE DRIVE
CITY: FOLSOM
STATE: CA
ZIP: 95630
4/A
1
wk-form4a_1715190512.xml
FORM 4/A
X0508
4/A
2024-04-01
2024-05-01
0
0001835681
POWERSCHOOL HOLDINGS, INC.
PWSC
0001670485
Shander Eric Ryan
C/O POWERSCHOOL HOLDINGS, INC.
150 PARKSHORE DR
FOLSOM
CA
95630
0
1
0
0
President, CFO
0
Market Share Units
2024-04-01
4
A
0
55263
0
A
Class A Common Stock
55263
145099
D
Each market share unit ("MSU") converts into a number of shares of Class A common stock. The number of MSUs reported on this Form 4 represents the target. The actual number of shares to be granted is determined by applying a payout factor to the target number of MSUs vesting on a given date. The payout factor is a ratio of the average fair market value of the Class A common stock during the ten trading days immediately preceding the applicable vesting date, divided by the fair market value of the Class A common stock on the grant date. The minimum payout factor that must be achieved to earn a payout is 65% and the maximum payout factor is 200%.
The original Form 4 filed on May 1, 2024 is being amended by this Form 4/A to correct an error in Column 5, which incorrectly stated the number of MSUs granted as 55,262. The correct number of MSU granted is 55,263.
50% of the MSUs will vest on April 1, 2026 and 50% of the MSUs will vest on April 1, 2027, subject to continued employment.
/s/ Eric Shander
2024-05-08