Form 4: Paylocity SVP Sales Joshua Scutt Sells Shares Under 10b5-1 Plan

Paylocity Holding Corp's Senior Vice President of Sales, Joshua Scutt, executed multiple sales of common stock on March 13, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• On March 13, 2025, Joshua Scutt, Senior Vice President of Sales at Paylocity Holding Corp, sold shares of common stock under a 10b5-1 trading plan.
• The sales were executed in multiple transactions at varying prices.
• A total of 600 shares were sold at a weighted average price of $181.44, with individual prices ranging from $181.02 to $181.84.
• An additional 825 shares were sold at a weighted average price of $182.91, with prices ranging from $182.35 to $183.34.
• Another 459 shares were sold at a weighted average price of $183.68, with prices ranging from $183.40 to $183.93.
• Finally, 1,020 shares were sold at $186.12.
• Following these transactions, Scutt directly owns 36,622 shares of Paylocity common stock.
• Scutt also has indirect ownership of 666 shares through his father-in-law, with his spouse holding power of attorney over those shares.
• The 10b5-1 plan was adopted on December 12, 2024.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider stock sales under a pre-arranged plan, which is neither particularly positive nor negative. It's a neutral event.

Industry Context

Insider sales are a common occurrence, especially when executed under pre-arranged trading plans like 10b5-1 plans. These plans allow insiders to sell shares at predetermined times and prices, avoiding accusations of trading on non-public information. The market typically views these sales as routine unless the scale is unusually large or coincides with other negative news.

Stakeholder Impact

• The stock sales could have a minor negative impact on shareholder sentiment, but the effect is likely to be minimal given the pre-planned nature of the transactions.

Key Dates