Cappotelli Andrew 4

What Happened

• Andrew Cappotelli, Senior Vice President of Operations at Paylocity Holding Corp (PCTY), disposed of 787 shares on Feb 16, 2026 to satisfy a tax obligation. The shares were disposed at $107.13 each for a total value of approximately $84,311.
• The transaction is reported under code F (payment of exercise price or tax liability), indicating the shares were used to cover taxes related to a prior equity award or option exercise rather than an open-market investment sale.

Key Details

• Transaction date and price: Feb 16, 2026 — 787 shares at $107.13 per share (total ~$84,311).
• Transaction code: F (tax withholding / payment of exercise price or tax liability).
• Shares owned after transaction: Not specified in this filing.
• Filing date: Feb 18, 2026 — filed two days after the transaction (appears to be within the typical Form 4 reporting window).
• No 10b5-1 plan or other footnotes were indicated in the provided details.

Context

• Code F transactions are typically routine tax-withholding actions following an option exercise or restricted stock vesting; they do not necessarily reflect a decision to reduce overall ownership as an investment view.
• For retail investors, such withholding disposals are common and generally less informative than outright market purchases or voluntary open-market sales by insiders.