Cappotelli Andrew 4

What Happened

• Andrew Cappotelli, Senior Vice President of Operations at Paylocity (PCTY), sold 70 shares in an open-market transaction on June 4, 2026. The shares were sold at $116.35 each for a total value of $8,145. This was a sale (not a purchase), which is often routine insider liquidity rather than a directional endorsement of the stock.

Key Details

• Transaction date: 2026-06-04; filing date: 2026-06-05 (timely for Form 4 reporting).
• Transaction type/code: Open market sale (S).
• Price and size: 70 shares at $116.35 per share; total proceeds $8,145.
• Shares owned after transaction: Not disclosed in the provided excerpt of the filing.
• Footnote: The sale was made pursuant to a pre-established 10b5‑1 trading plan adopted by the reporting person on August 27, 2025, indicating the trades were prearranged.
• No indication in this filing of tax withholding, option exercise, gift, or other special conditions.

Context

• 10b5‑1 plans allow insiders to execute trades at scheduled times regardless of subsequent material nonpublic information; such sales are frequently routine liquidity events. This filing reports a small-dollar, single open-market sale and does not by itself indicate a change in insider sentiment about the company.