Form 4: Paylocity Holding Corp: Officer Rachit Lohani Reports Stock Disposal
SEC Form 4 Filing
Rachit Lohani, Chief Technology Officer of Paylocity Holding Corp, reported the disposal of 773 shares of common stock on May 15, 2024, to cover tax obligations.
Summary
- On May 15, 2024, Rachit Lohani, the Chief Technology Officer of Paylocity Holding Corp, disposed of 773 shares of common stock.
- The transaction was executed at a price of $169.86 per share.
- Following the transaction, Lohani directly owns 44,282 shares of Paylocity Holding Corp.
- The disposal was related to covering tax obligations.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction. It doesn't indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares.
Key Dates
| Date | Description |
|---|---|
| 05/15/2024 | Date of stock disposal transaction |
| 05/17/2024 | Date of signature for the report |
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