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.

Summary

• On November 4, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock.
• The sales were executed indirectly through various Adams Street direct funds and co-investment funds.
• The prices ranged from $190.22 to $192.83 per share.
• A total of 27,160 RSUs were disposed of.
• Diehl disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a director's sale of shares; it doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company insider and provides insight into the investment decisions of key personnel.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by some shareholders, although the impact is likely minimal given the indirect nature of the holdings and the disclaimer of beneficial ownership.

Key Dates