Form 4: Paylocity Holding Corp. Executive Rachit Lohani Sells Shares Under 10b5-1 Plan

Senior Vice President of Paylocity Holding Corp., Rachit Lohani, sold 240 shares of common stock at $210 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Rachit Lohani, a Senior Vice President at Paylocity Holding Corp., sold 240 shares of the company's common stock.
• The sale occurred on November 25, 2024, at a price of $210 per share.
• This transaction was executed under a pre-established 10b5-1 trading plan adopted on September 5, 2023.
• Following the transaction, Mr. Lohani directly owns 37,748 shares of Paylocity common stock.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to an executive's stock sale under a pre-arranged plan. It does not indicate any positive or negative sentiment.

Industry Context

This is a routine filing related to insider trading activity. It is common for executives to use 10b5-1 plans to sell shares over time to avoid accusations of insider trading.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US.
• The use of 10b5-1 trading plans is a common method for executives to sell shares while avoiding insider trading accusations.
• The volume of shares sold is relatively small compared to the total shares owned by the executive.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but the transaction was conducted under a pre-arranged plan.

Key Dates

Keywords

Paylocity, PCTY, insider trading, Form 4, 10b5-1 plan, stock sale, executive, Rachit Lohani