Paylocity Executive Chairman Steven Beauchamp Sells 4,088 Shares

What Happened Steven R. Beauchamp, Executive Chairman and director of Paylocity Holding Corp (PCTY), had 4,088 shares disposed to satisfy tax withholding related to an equity award/option exercise. The shares were recorded as disposed at $148.28 per share for a total value of $606,169. This action is reported under transaction code F (payment of exercise price or tax liability), not as an open-market cash sale.

Key Details

• Transaction date: August 17, 2026
• Filing date (Form 4): August 19, 2026 (appears timely)
• Transaction type/code: F — Payment of exercise price or tax liability (shares withheld/disposed)
• Shares disposed: 4,088 at $148.28 each; total value $606,169
• Shares owned after transaction: Not specified in the Form 4 filing
• Footnotes: Code F indicates withholding to cover taxes; no 10b5-1 plan or late-filing flag disclosed

Context This was a tax-withholding/cashless disposition tied to an equity exercise, a routine administrative step executives commonly take to meet tax obligations. Such withholdings differ from open-market sales and do not necessarily indicate a change in the insider’s investment stance.