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Paylocity (NASDAQ: PCTY) officer to sell 3,346 vested shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

Rhea-AI Filing Summary

Paylocity Holding Corp (PCTY) is the issuer for a planned sale of its common stock under Rule 144 by officer Ryan Glenn. A broker account at Morgan Stanley Smith Barney LLC is listed for the sale of 3,346 shares of Paylocity common stock on NASDAQ. The notice states these shares were acquired upon the vesting of restricted stock units during the period from May 15, 2026 through August 16, 2026. A prior Rule 10b5‑1 sale by Ryan Glenn over the past three months involved 1,034 shares of common stock on June 1, 2026 for proceeds of $121,546.70.

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Planned shares to be sold 3,346 shares Common stock of Paylocity listed for sale under Rule 144
Prior 10b5-1 sale shares 1,034 shares Common stock sold on June 1, 2026 under a Rule 10b5-1 plan
Proceeds from prior 10b5-1 sale $121,546.70 Total consideration for 1,034 shares sold on June 1, 2026
RSU vesting period 05/15/2026–08/16/2026 Period during which RSUs vested and produced the shares to be sold
Date of Rule 144 notice 08/19/2026 Date on which the Form 144 notice was signed and dated
Rule 144 regulatory
"See the definition of "person" in paragraph (a) of Rule 144."
Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.
restricted stock units financial
"The securities to be sold were acquired upon the vesting of restricted stock units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
10b5-1 regulatory
"10b5-1 Sales for RYAN GLENN 1400 American Lane Schaumburg IL 60173"
A 10b5-1 plan is a pre-set schedule that lets company insiders buy or sell shares according to written instructions made when they do not possess material, nonpublic information. Think of it as a timed automatic payment for stock trades: it helps insiders avoid accusations of trading on secret information and gives outside investors a clearer signal about whether sales are routine or potentially informative about the company’s prospects.
NASDAQ financial
"| 53056963 | 08/19/2026 | NASDAQ"
The Nasdaq is a stock exchange where many companies' shares are bought and sold, functioning much like a marketplace for investments. It matters to investors because it provides a platform to buy and sell ownership stakes in companies, helping them track the value of those companies and make informed decisions. As one of the largest and most technology-focused markets, it also reflects trends and developments in the business world.

FAQ

What does the Form 144 filing disclose about planned insider sales of PCTY stock?
The notice discloses a planned Rule 144 sale of 3,346 shares of Paylocity common stock by officer Ryan Glenn. The shares were acquired through vesting of restricted stock units between May 15 and August 16, 2026.

How many PCTY shares has Ryan Glenn sold in the past three months?
Over the past three months, Ryan Glenn sold 1,034 shares of Paylocity common stock. That sale occurred on June 1, 2026 under a Rule 10b5-1 trading plan for total proceeds of $121,546.70.

What is the relationship between the PCTY shares being sold and restricted stock units?
The shares to be sold were acquired through the vesting of restricted stock units. The filing states the RSUs vested during the period from May 15, 2026 through August 16, 2026, and those vested shares are the subject of the planned Rule 144 sale.

Which broker is handling the planned Rule 144 sale of PCTY shares?
The planned Rule 144 sale of Paylocity common stock is listed through Morgan Stanley Smith Barney LLC Executive Financial Services. The broker’s office is identified at 1 New York Plaza, New York, and the shares are listed for sale on NASDAQ.

When was the Form 144 notice for the PCTY stock sale dated?
The Form 144 notice is dated August 19, 2026. This date corresponds to the notice for the planned Rule 144 sale of 3,346 shares of Paylocity common stock acquired from vesting restricted stock units over the May–August 2026 period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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144: Filer Information

144: Issuer Information

144: Securities Information



Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold


* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.



Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR