Paylocity (PCTY) Executive Chairman Steven Beauchamp Sells Shares

What Happened

• Steven R. Beauchamp, Executive Chairman and director of Paylocity Holding Corp (PCTY), sold a total of 15,000 shares in open‑market transactions on September 15, 2026 for aggregate proceeds of approximately $2,207,661. The sales were:
  • 1,641 shares at a weighted average price of $145.96 — proceeds $239,520 (prices ranged $145.38–$146.37).
  • 8,460 shares at a weighted average price of $147.01 — proceeds $1,243,705 (prices ranged $146.39–$147.39).
  • 4,799 shares at a weighted average price of $147.86 — proceeds $709,580 (prices ranged $147.40–$148.36).
  • 100 shares at a weighted average price of $148.56 — proceeds $14,856 (prices ranged $148.53–$148.61).
• These were sales (S), not purchases or option exercises.

Key Details

• Transaction date: September 15, 2026; Form 4 filed September 16, 2026 (timely filing).
• Total shares sold: 15,000; total proceeds: about $2.21 million.
• Price reporting: each line reports a weighted average price; per footnotes the individual trades occurred across the price ranges listed above. The reporting person offered to provide disaggregated per‑trade prices on request.
• Plan: Transactions were executed under an approved 10b5‑1 trading plan adopted August 19, 2025 and amended May 15, 2026 (pre‑scheduled sales).
• Shares owned after transaction: not stated in the information provided in this summary (not disclosed here).

Context

• Sales under a 10b5‑1 plan are pre‑arranged and commonly used by insiders to sell shares on a schedule; they do not by themselves indicate the insider’s current view of the company. These were routine open‑market dispositions rather than purchases or option exercises.