Paylocity director plans $127K stock sale
Rhea-AI Filing Summary
Paylocity Holding Corp (PCTY) director Kenneth B. Robinson filed a notice of proposed sale of company stock under Rule 144. The filing covers the planned sale of 800 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $126,728.00.
The shares relate to restricted stock that vested under a registered plan in connection with services rendered, with vesting dates on November 15, 2024, February 15, 2025, and May 15, 2025. This filing gives advance notice of these potential sales on the NASDAQ market.
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Key Figures
Shares of common stock to be sold: 800 shares
Aggregate market value of securities to be sold: $126,728.00
Restricted stock vesting tranche: 335 shares
+3 more
6 metrics
Shares of common stock to be sold
800 shares
Proposed sale of Paylocity common stock under Rule 144
Aggregate market value of securities to be sold
$126,728.00
Total market value corresponding to the 800 shares covered by the notice
Restricted stock vesting tranche
335 shares
Restricted stock vesting under a registered plan on November 15, 2024
Restricted stock vesting tranche
335 shares
Restricted stock vesting under a registered plan on February 15, 2025
Restricted stock vesting tranche
130 shares
Restricted stock vesting under a registered plan on May 15, 2025
Approximate date of sale
08/27/2026
Approximate date listed for the proposed sale of the 800 shares
Key Terms
Rule 144, Restricted Stock, Registered Plan, Aggregate market value, +1 more
5 terms
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 financial
"Restricted Stock Vesting Under a Registered Plan"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Registered Plan financial
"Restricted Stock Vesting Under a Registered Plan"
A registered plan is a savings or investment account that a government recognizes for special tax treatment and rules, such as limits on how much you can put in and conditions for withdrawals. For investors it matters because those rules change how much of your gains are taxed, how quickly your money can be accessed and what strategies make sense — like a labeled jar that gives tax breaks but comes with rules about when and how you can take the money out.
Aggregate market value financial
"800 | 126728.00 | 53056963 | 08/27/2026"
Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.
Services Rendered financial
"335 | 02/15/2025 | Services Rendered"
FAQ
What does the Form 144 filing for PCTY disclose?
The filing discloses that director Kenneth B. Robinson plans to sell up to 800 shares of Paylocity Holding Corp common stock under Rule 144 through Morgan Stanley Smith Barney LLC, with an aggregate market value of $126,728.00.
Through which broker will the PCTY Rule 144 sale be executed?
The proposed sale of Paylocity Holding Corp common stock is to be executed through Morgan Stanley Smith Barney LLC Executive Financial Services, located at 1 New York Plaza, New York, New York.
AI-generated analysis. How Rhea-AI works. Not financial advice.