Cappotelli Andrew 4

What Happened
Andrew Cappotelli, Senior Vice President of Operations at Paylocity Holding Corp (PCTY), sold 899 shares on 2026-05-19 at $115.05 per share, generating proceeds of $103,430. The Form 4 reports this as a sale (open-market/private sale).

Key Details

• Transaction date: 2026-05-19
• Transaction type/code: Sale (S) — open market/private sale
• Shares sold: 899 at $115.05 per share
• Total proceeds: $103,430
• Footnote: Transaction was made under a pre-approved 10b5-1 trading plan adopted by the reporting person on August 27, 2025 (per filing footnote).
• Filing date: Form filed 2026-05-21 — appears timely (filed within the standard two-business-day window).
• Shares owned after transaction: Not disclosed in the information provided.

Context
Sales executed under a 10b5-1 plan are pre-planned transactions that can be scheduled for reasons such as diversification or tax planning; they do not, by themselves, indicate a change in the insider’s view of the company. Retail investors should note this was a sale (not a purchase), which is commonly routine for insiders and not necessarily a negative signal.