Edward Gaty - Aug 16, 2021 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role: SVP of Product and Technology
Signature: /s/ Kris Kang, attorney-in-fact to Edward Gaty
Stock symbol: PCTY
Transactions as of: Aug 16, 2021
Transactions value $: -$1,712,646
Form type: 4
Date filed: 8/18/2021, 04:13 PM
Previous filing: Aug 12, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCTY	Common Stock, par value $0.001	Award	$0	+9.61K	+19.19%	$0.00	59.7K	Aug 16, 2021	Direct	F1
transaction	PCTY	Common Stock, par value $0.001	Tax liability	-$1.71M	-6.84K	-11.45%	$250.57	52.8K	Aug 16, 2021	Direct

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents performance-based restricted stock units (PRSUs) awarded pursuant to the Issuer's 2014 Equity Incentive Plan for which performance criteria have been satisfied that will entitle the Reporting Person to receive one share of the Issuer's common stock per PRSU upon vesting. The PRSUs vest on August 15, 2022, subject to continued service through the vesting date. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.

Content

Represents performance-based restricted stock units (PRSUs) awarded pursuant to the Issuer's 2014 Equity Incentive Plan for which performance criteria have been satisfied that will entitle the Reporting Person to receive one share of the Issuer's common stock per PRSU upon vesting. The PRSUs vest on August 15, 2022, subject to continued service through the vesting date. The grant will be settled pursuant to the terms of the Issuer's 2014 Equity Incentive Plan.