Form 4: Paylocity Holding Corp Director Sells Shares in Multiple Transactions

Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of common stock through various Adams Street funds at prices ranging from $206.31 to $209.35 on November 6, 2024.

Summary

• On November 6, 2024, Jeffrey T. Diehl, a director of Paylocity Holding Corp, reported the sale of PCTY common stock.
• The sales were executed through various Adams Street direct funds and co-investment funds.
• The prices ranged from $206.31 to $209.35 per share.
• A total of 27,160 Restricted Stock Units (RSUs) are held directly by Jeffrey T. Diehl.
• Diehl disclaims beneficial ownership of shares held by the Adams Street funds, except to the extent of any pecuniary interest therein.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of stock sales by a company director; it doesn't inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC when corporate insiders (officers, directors, and those holding more than 10% of a company's shares) trade in their company's stock; they provide transparency into insider activity.

Stakeholder Impact

• The sale of shares by a director could be perceived negatively by shareholders if interpreted as a lack of confidence in the company, although this is a common practice for portfolio diversification.

Key Dates