Rachit Lohani - Dec 5, 2023 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role
Chief Technology Officer
Signature
/s/ Kris Kang, attorney in fact for Rachit Lohani
Stock symbol
PCTY
Transactions as of
Dec 5, 2023
Transactions value $
-$18,660
Form type
4
Date filed
12/7/2023, 04:55 PM
Previous filing
Nov 17, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PCTY Common Stock, par value $0.001 Sale -$18.7K -119 -0.26% $156.81 45.8K Dec 5, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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 September 5, 2023.
F2 Includes 74 shares of Paylocity Holding Corporation's common stock acquired pursuant to Paylocity Holding Corporation's Employee Stock Purchase Plan ("ESPP") on 11/15/2023.