Steven R. Beauchamp - 22 Jul 2024 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Role
Co-Chief Executive Officer, Director
Signature
/s/ Kris Kang, attorney-in-fact to Steven R. Beauchamp
Issuer symbol
PCTY
Transactions as of
22 Jul 2024
Net transactions value
-$12,675,486
Form type
4
Filing time
24 Jul 2024, 16:17:51 UTC
Previous filing
17 May 2024
Next filing
16 Aug 2024
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 Options Exercise $2,663,520 +107,400 +6.2% $24.80 1,852,422 22 Jul 2024 Direct F1
transaction PCTY Common Stock, par value $0.001 Tax liability $8,284,517 -57,958 -3.1% $142.94 1,794,464 22 Jul 2024 Direct
transaction PCTY Common Stock, par value $0.001 Sale $410,329 -2,918 -0.16% $140.62 1,791,546 22 Jul 2024 Direct F1, F2
transaction PCTY Common Stock, par value $0.001 Sale $683,265 -4,826 -0.27% $141.58 1,786,720 22 Jul 2024 Direct F1, F3
transaction PCTY Common Stock, par value $0.001 Sale $4,666,052 -32,664 -1.8% $142.85 1,754,056 22 Jul 2024 Direct F1, F4
transaction PCTY Common Stock, par value $0.001 Sale $1,294,843 -9,034 -0.52% $143.33 1,745,022 22 Jul 2024 Direct F1, F5
holding PCTY Common Stock, par value $0.001 220,000 22 Jul 2024 By IRIE Family Trust
holding PCTY Common Stock, par value $0.001 22,500 22 Jul 2024 by IRIE Foundation

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PCTY Non-Qualified Stock Option (right to buy) Options Exercise $0 -107,400 -100% $0.000000* 0 22 Jul 2024 Common Stock, par value $0.001 107,400 $24.80 Direct
* 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 August 7, 2023.
F2 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $140.06 to $141.06, 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 and 5 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 $141.09 to $142.06, inclusive.
F4 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $142.10 to $143.10, inclusive.
F5 The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $143.12 to $143.88, inclusive.