King Melissa Ann 4

What Happened

• Melissa Ann King, Senior Vice President of Product and Technology at Paylocity Holding Corp (PCTY), had 240 shares withheld to satisfy tax obligations related to an option exercise or vesting. The shares were valued at $107.13 each, totaling approximately $25,711. This was a tax-withholding disposal rather than an open-market sale.

Key Details

• Transaction date: February 16, 2026; Filing date (Form 4): February 18, 2026.
• Price used for withholding: $107.13 per share; total value of shares withheld: $25,711.
• Transaction code: F — payment of exercise price or tax liability by delivering or withholding securities (i.e., tax withholding).
• Shares owned after transaction: not specified in the details provided here (refer to the full Form 4 for post-transaction holdings).
• No indication in the summary provided that this was part of a 10b5-1 plan or that the filing was late.

Context

• This was a routine tax-withholding event following an option exercise or vesting. The withheld shares were used to cover tax liabilities and do not represent a discretionary sale on the open market; such transactions are common and typically do not by themselves indicate a change in insider sentiment.