Glenn Ryan 4

What Happened
Glenn Ryan, Chief Financial Officer of Paylocity Holding Corp (PCTY), sold 1,034 shares in an open-market transaction on June 1, 2026 at $117.55 per share, generating roughly $121,547 in proceeds. The Form 4 notes this sale was made pursuant to an approved 10b5-1 trading plan adopted September 5, 2025. This was a sale (code S), which is often a routine liquidity event rather than a clear signal about company fundamentals.

Key Details

• Transaction date and price: June 1, 2026 — 1,034 shares sold at $117.55 each.
• Total proceeds: approximately $121,547 (gross).
• Transaction type: Open-market sale (code S).
• Footnote: Executed under a 10b5-1 plan adopted Sept 5, 2025 (Footnote F1).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: Report filed June 3, 2026 — appears to be timely (within the Form 4 two-business-day requirement).

Context
A 10b5-1 plan allows insiders to execute pre-scheduled trades and reduces the likelihood that the timing reflects new insider information. For retail investors, purchases tend to be more informative about insider conviction; sales like this are common and can reflect personal liquidity planning. This summary is factual and does not speculate on the insider’s motivation.