Form 4: Paylocity Director Sells Shares Through Investment Funds

Jeffrey T. Diehl, a director at Paylocity Holding Corp, has sold shares indirectly through various Adams Street investment funds.

Summary

• Jeffrey T. Diehl, a director at Paylocity Holding Corp, indirectly sold a total of 597 shares of common stock on November 12, 2024, at a weighted average price of $213.13.
• The sales were executed through multiple Adams Street investment funds, including Adams Street 2006 Direct Fund L.P., Adams Street 2007 Direct Fund L.P., and others.
• Diehl also directly owns 27,160 restricted stock units (RSUs).
• The shares were sold at prices ranging from $213.09 to $213.27.
• Diehl disclaims beneficial ownership of the shares held by the funds, except for his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing detailing share sales by a director. It does not indicate any positive or negative sentiment towards the company's performance or future prospects.

Industry Context

This is a routine filing related to insider trading activity. It is common for directors and officers to trade shares in their companies, and these transactions are required to be disclosed to the SEC.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and this filing is consistent with those requirements.
• The sale of shares by a director is not unusual and is often part of personal financial planning or portfolio management.
• The use of investment funds to hold and trade shares is also a common practice among directors and officers.

Stakeholder Impact

• The share sales by a director may have a minor impact on shareholder sentiment, but the volume of shares sold is relatively small.
• The transactions do not appear to have any direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Paylocity, PCTY, insider trading, share sale, Jeffrey T. Diehl, Adams Street, investment funds, Form 4, director