Form 4: Paylocity CFO Sells Shares Under 10b5-1 Plan

Paylocity Holding Corp's CFO, Ryan Glenn, sold 3,279 shares of common stock for approximately $353,588 under a pre-arranged 10b5-1 trading plan.

Summary

• Ryan Glenn, Chief Financial Officer of Paylocity Holding Corp (PCTY), sold a total of 3,279 shares of common stock.
• The sales occurred on February 19, 2026, under a pre-approved 10b5-1 trading plan adopted on September 5, 2025.
• The shares were sold in multiple transactions at weighted average prices ranging from $107.55 to $109.12 per share.
• Specifically, 2,002 shares were sold at a weighted average price of $107.55, 1,177 shares at $108.21, and 100 shares at $109.12.
• Following these transactions, Glenn Ryan beneficially owns 71,449 shares of Paylocity Holding Corp common stock.
• The total value of the shares sold is approximately $353,588.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral event. The sale is a routine insider transaction executed under a pre-planned 10b5-1 program, which typically does not signal a change in company fundamentals or management's confidence.

Positives

• The sale was conducted under a pre-arranged 10b5-1 plan, indicating a planned and transparent transaction rather than an immediate reaction to company news.

Negatives

• An insider sale, even if pre-planned, can sometimes be perceived negatively by investors, though the amount here is not exceptionally large relative to total holdings.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, particularly those executed under 10b5-1 plans, are a routine part of executive compensation and personal financial management across the technology and payroll services industry. These pre-scheduled sales are generally not indicative of a change in management's outlook on the company's prospects.

Comparison to Industry Standards

• StockSavvy.ai observes that sales by executives under 10b5-1 plans are a standard practice across publicly traded companies, including peers in the HR and payroll software sector such as ADP (Automatic Data Processing) and Workday (WDAY).
• The volume of shares sold by Paylocity's CFO is relatively small compared to his total beneficial ownership, aligning with typical diversification strategies rather than a significant divestment.

Stakeholder Impact

• Minimal direct impact on shareholders as this is a routine, pre-planned insider sale and not a significant divestment.
• No direct impact on employees, customers, suppliers, or creditors mentioned in this filing.

Key Dates

Recommendation

This Form 4 filing reports a routine, pre-planned insider sale by the CFO under a 10b5-1 plan. Such transactions are common for executive compensation and personal financial management and typically do not provide new fundamental information to warrant a change in investment recommendation. Investors should continue to evaluate PCTY based on its financial performance, strategic initiatives, and broader market conditions.

Keywords

Paylocity Holding Corp, PCTY, Ryan Glenn, CFO, Insider Sale, Form 4, 10b5-1 Plan, Stock Transaction, Executive Compensation