PCTY files Rule 144 notice for 899 RSUs

PCTY filed a Rule 144 notice reporting an intended sale of 899 restricted stock units by an affiliate.

Rhea-AI Filing Summary

PCTY filed a Rule 144 notice reporting an intended sale of 899 restricted stock units by an affiliate. The filing lists the securities as Restricted Stock Units with an issuer designation and a grant/vesting date of 05/15/2026. The excerpt also notes prior 10b5-1 sales by Andrew Cappotelli of 70 shares on 03/04/2026 for $7,873.60.

Insights

Securities Compliance Attorney

Notice of sale under Rule 144 for restricted stock units by an affiliate; routine disclosure.

The filing lists 899 Restricted Stock Units as the securities to be sold with an issuer-designated distribution dated 05/15/2026. The statement that the securities are RSUs and the presence of an issuer distribution clause are disclosure items commonly required for affiliate sales.

Timing and sale mechanics are not detailed in the excerpt; subsequent filings or broker confirmations would show actual sale dates and proceeds. Cash-flow treatment and any holding-period statements are not included in the provided text.

Corporate Governance Analyst

Affiliate sale notice plus past 10b5-1 activity noted; operationally routine.

The excerpt records a prior 10b5-1 sale by Andrew Cappotelli of 70 shares on 03/04/2026 realizing $7,873.60, which the record ties to earlier disposition activity. Rule 144 notices document intended resale by affiliates but do not themselves effect transfers.

Investor impact depends on whether the listed 899 RSUs are sold in the open market; the filing does not state the distribution method or proceeds recipient.

Key Figures

Restricted Stock Units to be sold: 899 shares Prior 10b5-1 sale: 70 shares Proceeds from prior sale: $7,873.60 +1 more

4 metrics

Restricted Stock Units to be sold 899 shares listed with issuer and date <date>05/15/2026</date>

Prior 10b5-1 sale 70 shares sale by Andrew Cappotelli on <date>03/04/2026</date>

Proceeds from prior sale $7,873.60 proceeds listed for the 03/04/2026 10b5-1 sale

Aggregate figure on cover line $101,560.03 numeric field present on the filer/securities line

Key Terms

Restricted Stock Units, 10b5-1, Rule 144

3 terms

Restricted Stock Units financial

"Common | 05/15/2026 | Restricted Stock Units | Issuer"

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 ANDREW CAPPOTELLI"

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.

Rule 144 regulatory

"Filer Information | 144: Filer Information"

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does PCTY's Rule 144 filing report?

It reports an affiliate intends to sell 899 restricted stock units with an issuer designation dated 05/15/2026. The filing is a notice of an intended resale under resale rules and does not itself confirm a completed market transaction.

Who previously sold shares under a 10b5-1 plan for PCTY?

The excerpt shows a 10b5-1 sale by Andrew Cappotelli of 70 common shares on 03/04/2026, with proceeds listed as $7,873.60. This entry records a prior disposition, separate from the Rule 144 notice.

Does the Rule 144 filing state how proceeds will be used?

No use-of-proceeds detail appears in the provided excerpt. The filing lists the securities and dates but does not specify who will receive sale proceeds or how proceeds will be applied.

Are the 899 units already transferred or still subject to issuer conditions?

The excerpt labels the securities as Restricted Stock Units with a date of 05/15/2026. It does not state whether vesting, settlement, or other issuer conditions remain; the filing simply lists the securities for resale notification purposes.

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

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Accepted by SEC EDGAR 05/19/2026 - 04:39 PM Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001742758
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	PAYLOCITY HOLDING CORPORATION
SEC File Number	001-36348
Address of Issuer	1400 American Lane Schaumburg ILLINOIS 60173
Phone	8474633200
Name of Person for Whose Account the Securities are To Be Sold	ANDREW CAPPOTELLI
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Officer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	899	101560.03	53544058	05/19/2026	NASDAQ

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

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	05/15/2026	Restricted Stock Units	Issuer			899	05/15/2026	N/A

* 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

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for ANDREW CAPPOTELLI 1400 American Lane Schaumburg IL 60173	Common	03/04/2026	70	7873.60

144: Remarks and Signature

Remarks
Date of Notice	05/19/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	08/27/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ Andrew Cappotelli
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)