Form 4: Paylocity Holding Corp: Chief Technology Officer Rachit Lohani Executes Stock Sale Under 10b5-1 Plan

Rachit Lohani, Chief Technology Officer of Paylocity Holding Corp, sold 117 shares of common stock at a price of $153.72 per share on August 16, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 16, 2024, Rachit Lohani, the Chief Technology Officer of Paylocity Holding Corp, sold 117 shares of the company's common stock.
• The sale was executed at a price of $153.72 per share.
• This transaction was conducted under a pre-approved 10b5-1 trading plan adopted by Lohani on September 5, 2023.
• Following the transaction, Lohani directly owns 43,360 shares of Paylocity Holding Corp.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing a stock sale by an executive under a pre-arranged plan, indicating a neutral sentiment.

Industry Context

Sales by insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the insider is selling shares in a pre-planned manner to avoid accusations of trading on inside information.

Stakeholder Impact

• The stock sale may have a minor impact on shareholders due to the small number of shares involved.
• The transaction is unlikely to significantly affect employees, customers, suppliers, or creditors.

Key Dates