Joshua Scutt - 11 Jul 2023 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Signature
/s/ Kris Kang, attorney-in-fact to Joshua Scutt
Issuer symbol
PCTY
Transactions as of
11 Jul 2023
Net transactions value
-$618,200
Form type
4
Filing time
13 Jul 2023, 16:15:57 UTC
Previous filing
17 May 2023
Next filing
16 Aug 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCTY Common Stock, par value $0.001 Sale $618,200 -3,091 -13% $200.00 20,784 11 Jul 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joshua Scutt is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on March 2, 2023.