Steven R. Beauchamp - 12 Feb 2024 Form 4 Insider Report for Paylocity Holding Corp (PCTY)

Signature
/s/ Kris Kang, attorney-in-fact to Steven R. Beauchamp
Issuer symbol
PCTY
Transactions as of
12 Feb 2024
Transactions value $
-$5,250,000
Form type
4
Filing time
14 Feb 2024, 16:02:22 UTC
Previous filing
17 Nov 2023
Next filing
20 Feb 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 -$5.25M -30K -1.69% $175.00 1.75M 12 Feb 2024 Direct F1
holding PCTY Common Stock, par value $0.001 220K 12 Feb 2024 By IRIE Family Trust
holding PCTY Common Stock, par value $0.001 22.5K 12 Feb 2024 by IRIE Foundation
* 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.