Form 4: Paylocity Holding Corp: Officer Andrew Cappotelli Executes Stock Sale Under 10b5-1 Plan
SEC Form 4 Filing
Andrew Cappotelli, Sr Vice President Operations at Paylocity Holding Corp, sold 10 shares of common stock at $201.59 per share on December 17, 2024, under a pre-arranged 10b5-1 trading plan.
Summary
- On December 17, 2024, Andrew Cappotelli, Sr Vice President Operations at Paylocity Holding Corp, sold 10 shares of common stock.
- The sale was executed at a price of $201.59 per share.
- The transaction was conducted under a pre-approved 10b5-1 trading plan adopted on September 17, 2024.
- Following the transaction, Cappotelli directly owns 14,572 shares of Paylocity common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as this is a routine disclosure of a stock sale under a pre-arranged trading plan.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like officers and directors, trade their company's stock; these filings provide transparency into insider transactions.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small sale by an officer under a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 09/17/2024 | Date the reporting person adopted the 10b5-1 Plan |
| 12/17/2024 | Date of the stock sale transaction |
| 12/19/2024 | Date of signature for the Form 4 filing |
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