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

Director Jeffrey T. Diehl reports sales of Paylocity Holding Corp stock held indirectly through various Adams Street funds.

Summary

• On November 6, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock.
• The sales were executed at weighted average prices of $212.93 and $213.69.
• The transactions involved multiple Adams Street Direct Funds and Adams Street Co-Investment Fund II, L.P.
• Diehl disclaims beneficial ownership of the shares except to the extent of his pecuniary interest.
• He also directly owns 27,160 Restricted Stock Units (RSUs).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock sales by a director, which is neutral in sentiment.

Industry Context

This filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of company directors.

Stakeholder Impact

• The stock sales by a director may cause short-term fluctuations in the stock price, but the overall impact on stakeholders is likely to be minimal.

Key Dates