Steven Ira Sarowitz - 14 Feb 2023 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role: Director, 10%+ Owner
Signature: /s/ Kris Kang, attorney-in-fact to Steven I. Sarowitz
Issuer symbol: PCTY
Transactions as of: 14 Feb 2023
Net transactions value: -$16,260,958
Form type: 4
Filing time: 16 Feb 2023, 15:02:58 UTC
Previous filing: 14 Nov 2022
Next filing: 27 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PCTY	Common Stock, par value $0.001	Gift	$0	-400,000	-3.6%	$0.000000	10,572,423	02 Dec 2022	Direct
transaction	PCTY	Common Stock, par value $0.001	Sale	$1,273,223	-5,925	-0.06%	$214.89	10,566,498	14 Feb 2023	Direct	F1, F2
transaction	PCTY	Common Stock, par value $0.001	Sale	$2,974,949	-13,771	-0.13%	$216.03	10,552,727	14 Feb 2023	Direct	F1, F3
transaction	PCTY	Common Stock, par value $0.001	Sale	$9,666,269	-44,582	-0.42%	$216.82	10,508,145	14 Feb 2023	Direct	F1, F4
transaction	PCTY	Common Stock, par value $0.001	Sale	$907,735	-4,171	-0.04%	$217.63	10,503,974	14 Feb 2023	Direct	F1, F5
transaction	PCTY	Common Stock, par value $0.001	Sale	$491,677	-2,245	-0.02%	$219.01	10,501,729	14 Feb 2023	Direct	F1, F6
transaction	PCTY	Common Stock, par value $0.001	Sale	$820,406	-3,732	-0.04%	$219.83	10,497,997	14 Feb 2023	Direct	F1, F7
transaction	PCTY	Common Stock, par value $0.001	Sale	$126,699	-574	-0.01%	$220.73	10,497,423	14 Feb 2023	Direct	F1, F8

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

Explanation of Responses:

Id	Content
F1	The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 13, 2022.
F2	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $214.33 to $215.32, inclusive. The reporting person undertakes to provide to Paylocity Holding Corporation, any security holder of Paylocity Holding Corporation, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 2, 3, 4, 5, 6, 7 and 8 of this Form 4.
F3	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $215.35 to $216.35, inclusive.
F4	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $216.36 to $217.36, inclusive.
F5	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $217.37 to $218.20, inclusive.
F6	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $218.44 to $219.43, inclusive.
F7	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $219.45 to $220.34, inclusive.
F8	The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $220.51 to $220.89, inclusive.