Rost Nicholas 4

What Happened
Nicholas Rost, Vice President, Chief Accounting Officer & Treasurer of Paylocity Holding Corp (PCTY), surrendered 358 shares on 2026-02-16 at $107.13 per share to satisfy a tax obligation, a disposal with a value of about $38,353. The transaction is reported under code F, indicating shares were withheld or surrendered to cover taxes (not an open-market sale).

Key Details

• Transaction date: 2026-02-16; reported on Form 4 filed 2026-02-18 (timely filing).
• Price: $107.13 per share; total value ≈ $38,353.
• Transaction code: F — payment of exercise price or tax liability by surrendering shares.
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• No 10b5-1 plan or other sale plan was indicated in the supplied details.

Context
Share withholding to cover taxes is a routine administrative action following option exercises or RSU vesting (a cashless or share-surrender tax payment) and does not carry the same interpretive weight as an open-market sale or a purchase. Purchases are generally more indicative of insider confidence; tax withholdings are common and typically neutral in signaling management sentiment.