Glenn Ryan 4

What Happened

• Glenn Ryan, Chief Financial Officer of Paylocity Holding Corp (PCTY), sold a total of 3,279 shares in open‑market transactions on February 19, 2026, receiving aggregate proceeds of approximately $353,590.
• The sale consisted of 2,002 shares at a weighted average price of $107.55 (≈ $215,315), 1,177 shares at a weighted average price of $108.21 (≈ $127,363), and 100 shares at $109.12 (≈ $10,912). These are disposals (sales), which are commonly routine, and were executed under a preapproved trading plan.

Key Details

• Transaction date: February 19, 2026; Form 4 filed February 23, 2026 (appears timely).
• Reported prices: weighted averages of $107.55, $108.21 and $109.12 for the three lots.
• Price ranges noted in the filing: $107.02–$108.01 and $108.05–$108.86 (the filing states the reported prices are weighted averages and that the shares were sold in multiple transactions within those ranges; the reporting person will provide a per‑price breakdown on request).
• Plan: Transactions were made under an approved 10b5‑1 plan adopted Sept 5, 2025 (footnote F1).
• Shares owned after the transaction: not specified in the data you provided (the Form 4 typically lists post‑transaction holdings; consult the full filing for that figure).
• Transaction code: S = Sale.

Context

• These were sales under a 10b5‑1 plan, meaning they were prearranged trades and not necessarily a direct, contemporaneous signal of the officer’s view of the company’s near‑term prospects.
• Sales are informative for liquidity and insider activity but purchases generally provide stronger signals of insider confidence.