Form 4: Paylocity Holding Corp Director Jeffrey T. Diehl Reports Sale of Shares

Director Jeffrey T. Diehl reports the sale of Paylocity Holding Corp shares held indirectly through various Adams Street funds on November 7, 2024.

Summary

• On November 7, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock.
• The sales were executed at prices of $211.67 and $213.09.
• The transactions involved shares held indirectly through various Adams Street Direct Funds and Adams Street Co-Investment Fund II, L.P.
• Diehl disclaims beneficial ownership of these shares except to the extent of his pecuniary interest.
• The total number of shares sold was 4,163.
• Following the reported transactions, the Adams Street funds continue to hold significant amounts of Paylocity common stock.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports a transaction. The sale of shares by a director could be seen as slightly negative, but without further context, it's difficult to assess the overall impact.

Negatives

• The document indicates a sale of shares by a director, which could be interpreted negatively by the market.

Industry Context

Form 4 filings are a routine part of insider trading activity and provide transparency into the transactions of company insiders.

Stakeholder Impact

• The sale of shares could potentially impact shareholder sentiment, although the effect is likely to be minimal given the relatively small number of shares sold compared to the overall outstanding shares.

Key Dates