Form 4: Paylocity Holding Corp Senior Vice President Rachit Lohani Sells Shares Under 10b5-1 Plan
SEC Form 4 Filing
Paylocity Holding Corp's Senior Vice President, Rachit Lohani, sold 117 shares of common stock at $193.29 per share under a pre-arranged 10b5-1 trading plan.
Summary
- Rachit Lohani, a Senior Vice President at Paylocity Holding Corp, sold 117 shares of the company's common stock on November 19, 2024.
- The sale was executed at a price of $193.29 per share.
- This transaction was conducted under a pre-arranged 10b5-1 trading plan adopted on September 5, 2023.
- Following the transaction, Lohani beneficially owns 37,988 shares of Paylocity common stock.
- This total includes 72 shares acquired through the company's Employee Stock Purchase Plan on November 15, 2024.
Sentiment
Score: 5
Explanation: The document reflects a routine insider transaction under a pre-arranged plan, which is neither positive nor negative for the company's outlook.
Industry Context
This is a routine filing related to insider trading activity and is common for executives who have pre-arranged trading plans.
Comparison to Industry Standards
- The use of 10b5-1 trading plans is a common practice among corporate executives to avoid accusations of insider trading.
- The sale of 117 shares is a relatively small transaction compared to the total holdings of 37,988 shares, suggesting it is not a significant event.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a small sale by an executive under a pre-arranged plan.
Key Dates
| Date | Description |
|---|---|
| 2023-09-05 | Date Rachit Lohani adopted the 10b5-1 trading plan. |
| 2024-11-15 | Date of acquisition of 72 shares through the Employee Stock Purchase Plan. |
| 2024-11-19 | Date of the sale of 117 shares by Rachit Lohani. |
| 2024-11-20 | Date the Form 4 was signed. |
Keywords
Paylocity, insider trading, 10b5-1 plan, stock sale, executive, share transaction, PCTY
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.