Paylocity (PCTY) SVP Andrew Cappotelli Sells Shares

What Happened
Andrew Cappotelli, Senior Vice President of Operations at Paylocity Holding Corp (PCTY), sold a total of 2,550 shares in open-market transactions on August 19, 2026, generating approximately $382,066 in proceeds. The sales were executed in four tranches: 145 shares at $147.60 ($21,402), 1,358 shares at a weighted average $149.58 ($203,130), 802 shares at a weighted average $150.30 ($120,541), and 245 shares at a weighted average $150.99 (~$36,993). These were disposals (sales), not purchases or option exercises.

Key Details

• Transaction date: August 19, 2026; Form 4 filed August 20, 2026 (timely filing).
• Total shares sold: 2,550; approximate total proceeds: $382,066.
• Reported tranche prices: 145 @ $147.60; 1,358 @ $149.58 (weighted avg; actuals ranged $148.93–$149.90); 802 @ $150.30 (weighted avg; ranged $149.96–$150.93); 245 @ $150.99 (weighted avg; ranged $150.97–$150.99).
• Footnote: Sales were made under an approved 10b5-1 trading plan adopted August 27, 2025. The reporting person offers to provide a full breakdown of the per-price executions on request.
• Shares owned after the transactions: not disclosed in the provided summary.

Context
These are routine open-market sales executed under a pre-established 10b5-1 plan, which generally means the trades were scheduled in advance rather than reflecting an immediate change in the insider’s view of the company. For retail investors, purchases by insiders typically carry stronger signals than routine sales; this Form 4 documents a planned disposal rather than an acquisition.