Paylocity: Executive chairman Steven R Beauchamp sold 15,000 shares

What happened

• Steven R Beauchamp, executive chairman and director, sold a total of 15,000 shares on Oct 15, 2026, for total proceeds of $2,478,270.
• Sales by lot reported in the filing:
  • 600 shares at a weighted average price of $161.38 for $96,828 (range $160.99 to $161.76).
  • 600 shares at a weighted average price of $162.84 for $97,704 (range $162.45 to $163.31).
  • 1,400 shares at a weighted average price of $164.27 for $229,978 (range $163.63 to $164.62).
  • 5,600 shares at a weighted average price of $165.22 for $925,232 (range $164.65 to $165.64).
  • 6,800 shares at a weighted average price of $165.96 for $1,128,528 (range $165.68 to $166.37).

Key details

• Transaction date: Oct 15, 2026. Form 4 filed Oct 16, 2026.
• Transaction code: S (sale).
• Shares owned after the transaction: not stated in the provided filing.
• Footnotes: sales were conducted under an approved 10b5-1 plan adopted Aug 19, 2025 and amended May 15, 2026. The reported prices are weighted averages; the filing offers to provide full breakdowns of the number of shares sold at each separate price within the disclosed ranges on request.
• No late filing is indicated in the provided information.

Why it may matter

• The filing shows market sales executed under a 10b5-1 plan, not an option exercise or a gift.
• A filing does not show why the insider traded or why the company acted.