Cappotelli Andrew 4

What Happened

• Andrew Cappotelli, Senior Vice President of Operations at Paylocity Holding Corp (PCTY), had 730 shares disposed to satisfy a tax liability (transaction code F). The shares were recorded at $103.93 per share, for a total value of $75,869. This disposition reflects tax withholding (e.g., to cover taxes on an option exercise or equity award) rather than an open-market sale.

Key Details

• Transaction date: 2026-05-15
• Price per share: $103.93; Shares disposed: 730; Total value: $75,869
• Transaction type: Code F — payment of exercise price or tax liability (shares withheld)
• Shares owned after the transaction: not specified in the provided details
• Filing: Form 4 filed 2026-05-19 (filed within the standard two-business-day window; not reported late)

Context

• Code F disposals are commonly used to cover tax obligations from option exercises or RSU vesting (a form of withholding), and are routine administrative actions rather than directional bets on the stock. Such transactions should be interpreted differently from open-market purchases or intentional sales by the insider.