Form 4: Paylocity Director Sells Shares Through Multiple Funds

Paylocity Holding Corp director Jeffrey T. Diehl sold shares indirectly through various Adams Street funds at prices ranging from $211.18 to $214.26 on November 13, 2024.

Summary

• Jeffrey T. Diehl, a director at Paylocity Holding Corp, sold shares of the company's common stock on November 13, 2024.
• The sales were executed indirectly through several Adams Street Direct Funds and Co-Investment Fund II, L.P.
• The transactions involved multiple sales at weighted average prices, with individual sales ranging from $211.18 to $214.26 per share.
• A total of 27,160 restricted stock units (RSUs) were also reported as owned directly by Mr. Diehl, but are held for the benefit of the Funds.
• Mr. Diehl disclaims beneficial ownership of the shares held by the funds, except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a neutral report of insider trading activity, with no indication of positive or negative sentiment. It is a routine filing.

Industry Context

This is a routine SEC Form 4 filing, which is common for corporate insiders who trade company stock. It provides transparency into the trading activities of company directors.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider trading.
• The reported transactions are typical for directors who may have indirect holdings through investment funds.

Stakeholder Impact

• The share sales may have a minor impact on the stock price, but are unlikely to significantly affect stakeholders.

Key Dates

Keywords

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