Cappotelli Andrew 4

What Happened

• Andrew Cappotelli, Senior Vice President of Operations at Paylocity Holding Corp (PCTY), disposed of 59 shares on June 1, 2026 to satisfy a tax liability (transaction code F). The shares were recorded at $114.93 each for a total of roughly $6,781. This was a tax-withholding disposition rather than a discretionary open-market sale.

Key Details

• Transaction date and price: 2026-06-01; 59 shares at $114.93 per share (total ≈ $6,781).
• Transaction type/code: F — payment of exercise price or tax liability (shares withheld/disposed to cover taxes).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Filing: Form 4 filed 2026-06-03 (appears filed within the standard two-business-day window).
• No 10b5-1 plan or other special instructions noted in the filing; no indication this was a market-sale for cash beyond tax withholding.

Context

• This appears to be a routine tax-withholding event (common when options vest or restricted stock units settle). Such disposals are administrative and don’t necessarily signal the insider’s view on the company’s prospects. Purchases by insiders generally carry more informational weight for investors.