Form 4: Paylocity SVP Andrew Cappotelli Reports Minor Stock Dispositions

Paylocity Holding Corp's Senior Vice President of Operations, Andrew Cappotelli, reported the disposition of 62 shares of common stock, including a sale under a pre-arranged 10b5-1 plan.

Summary

• Andrew Cappotelli, Senior Vice President of Operations at Paylocity Holding Corp (PCTY), filed a Form 4 reporting changes in his beneficial ownership.
• On June 2, 2025, Mr. Cappotelli disposed of 52 shares of Common Stock, par value $0.001, at a price of $190.9 per share, marked as a tax withholding transaction (Code F).
• On June 3, 2025, he sold 10 shares of Common Stock at a price of $190.34 per share (Code S).
• This sale of 10 shares was conducted under an approved 10b5-1 Plan, which was adopted by Mr. Cappotelli on September 17, 2024.
• Following these reported transactions, Mr. Cappotelli beneficially owns 13,670 shares of Paylocity Common Stock directly.

Sentiment

Score: 5

Explanation: The document reports routine insider stock dispositions, which are neutral in sentiment. The transactions are minor and include a sale under a pre-arranged 10b5-1 plan, indicating no significant positive or negative implications for the company or its stock.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Management Comments

• The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on September 17, 2024.

Industry Context

Form 4 filings are routine disclosures of insider stock transactions. These minor dispositions by an executive are common for tax purposes or pre-scheduled sales and do not typically indicate a significant shift in company strategy or industry trends.

Corporate Governance

Stakeholder Impact

• Shareholders: The impact on shareholders is minimal due to the very small number of shares disposed of relative to the company's total outstanding shares and the executive's remaining holdings. It does not suggest a lack of confidence.

Key Dates

Recommendation

Keywords

Paylocity, PCTY, Andrew Cappotelli, Form 4, Insider Transaction, Stock Disposition, 10b5-1 Plan, Executive Compensation