Cappotelli Andrew 4

What Happened
Andrew Cappotelli, Senior Vice President of Operations at Paylocity Holding Corp (PCTY), sold 845 shares in an open-market transaction on February 19, 2026. The shares were sold at $108.94 per share for a total value of about $92,054. This was a sale (not a purchase), which is often routine insider liquidity rather than a direct signal of future company performance.

Key Details

• Transaction date: February 19, 2026; filing date: February 23, 2026 (Form 4 accession 0001591698-26-000028).
• Price and amount: 845 shares at $108.94 per share; total proceeds ≈ $92,054.
• Shares owned after transaction: not specified in the provided filing.
• Footnote: The sale was made under an approved 10b5-1 trading plan adopted by the reporting person on August 27, 2025 (pre-arranged plan).
• Timeliness: Filing posted on Feb 23, 2026; no late filing flag noted in the filing summary.

Context
A 10b5-1 plan allows insiders to execute pre-specified trades at set times and is commonly used to avoid questions about trading on material nonpublic information. Sales under such plans are often routine and do not necessarily reflect a change in the insider’s view of the company. For retail investors, purchases by insiders can be more informative than routine sales; this particular transaction should be viewed as insider liquidity executed under a pre-arranged plan.