Form 4: Paylocity Holding Corp Director Jeffrey T. Diehl Reports Stock Sales

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 indirectly through various Adams Street Direct Funds and Adams Street Co-Investment Fund II, L.P.
• The prices ranged from $208.97 to $210.91 per share.
• A total of 27,160 RSUs were also reported as directly owned by Jeffrey T. Diehl.
• Diehl disclaims beneficial ownership of the shares held by the Adams Street funds, except to the extent of any pecuniary interest.
• The reporting person has undertaken to provide full information regarding the number of shares sold at each separate price within the specified ranges upon request.

Sentiment

Score: 5

Explanation: This is a neutral report of stock sales by a company director. The sales are conducted through investment funds, and the director disclaims beneficial ownership, mitigating potential negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to monitor potential shifts in ownership and sentiment.

Stakeholder Impact

• The stock sales by a director could be perceived negatively by shareholders, potentially leading to a decrease in stock price, although the indirect nature of the sales and disclaimer of beneficial ownership may lessen the impact.

Key Dates