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

Andrew Cappotelli, a Senior Vice President at Paylocity Holding Corp, sold 247 shares of common stock at $193.29 per share under a pre-arranged 10b5-1 trading plan.

Summary

• Andrew Cappotelli, a Senior Vice President at Paylocity Holding Corp, executed a sale of 247 shares of the company's common stock.
• The sale occurred on November 19, 2024, at a price of $193.29 per share.
• This transaction was conducted under a pre-arranged 10b5-1 trading plan adopted by Mr. Cappotelli on May 15, 2024.
• Following the transaction, Mr. Cappotelli directly owns 14,634 shares of Paylocity common stock.

Sentiment

Score: 5

Explanation: The document is a routine SEC filing related to an executive 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 to avoid accusations of insider trading.

Comparison to Industry Standards

• The use of 10b5-1 trading plans is a common practice among executives at publicly traded companies to manage their stock sales.
• This transaction is similar to other insider sales reported by executives at comparable companies.

Stakeholder Impact

• The sale of shares by an executive may have a minor impact on shareholder sentiment, but is unlikely to have a significant effect due to the pre-arranged nature of the sale.

Key Dates

Keywords

Paylocity, insider trading, 10b5-1 plan, stock sale, executive, PCTY, Andrew Cappotelli