Paylocity (PCTY) Rule 144 Notice — 3,601 Shares Scheduled for Sale

Rhea-AI Filing Summary

Form 144 notice for Paylocity Holding Corporation (PCTY): a proposed sale of 3,601 shares of common stock is being reported. The shares were acquired as PSUs/RSUs on 08/15/2024 from the issuer and are scheduled for approximate sale on 08/20/2025 through Morgan Stanley Smith Barney LLC on NASDAQ. The filing states an aggregate market value of $641,122.04 and shows 55,161,627 shares outstanding for the class. The filer also disclosed a prior sale by Joshua Scutt of 548 shares on 06/04/2025 for $105,818.80. The notice includes the standard representation that the seller does not possess undisclosed material adverse information.

Positive

• Clear compliance with Rule 144 disclosure requirements including acquisition and planned sale details
• Transaction transparency — broker, acquisition type (PSUs/RSUs), dates, and prior sale are disclosed

Negative

• None.

Insights

Securities Analyst

TL;DR: Routine insider/affiliate sale of equity awarded as RSUs/PSUs; transaction size is immaterial to market capitalization.

The filing reports a planned sale of 3,601 common shares acquired as PSUs/RSUs on 08/15/2024, with an aggregate market value of $641,122.04 and 55,161,627 shares outstanding. The broker is Morgan Stanley Smith Barney LLC and the sale is scheduled around 08/20/2025. A prior disposition of 548 shares on 06/04/2025 for $105,818.80 is disclosed. From a trading-impact perspective, the volume represents a very small fraction of the outstanding float, suggesting negligible direct market impact. The disclosure is consistent with Rule 144 notice requirements and supports transparency around planned insider transactions.

Corporate Governance Expert

TL;DR: Filing shows compliance with disclosure rules for insider sales; contains required attestations about material nonpublic information.

The notice indicates the securities to be sold were granted by the issuer as PSUs/RSUs and includes the required representation that the seller is unaware of undisclosed material adverse information. The document also lists a recent small sale by the same individual, demonstrating ongoing reporting compliance. This submission aligns with standard governance practices for insiders/affiliates notifying of proposed dispositions under Rule 144, supporting transparency for shareholders and regulators.

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

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

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

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	3601	641122.04	55161627	08/20/2025	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	08/15/2024	PSUs/RSUs	Issuer			3601	08/15/2024	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
JOSHUA SCUTT 1400 American Lane Schaumburg IL 60173	Common	06/04/2025	548	105818.80

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

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

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What securities does the Form 144 for PCTY report?

The filing reports a proposed sale of 3,601 shares of PCTY common stock.

When were the shares being sold acquired?

The shares were acquired as PSUs/RSUs on 08/15/2024 from the issuer.

What is the aggregate market value and planned sale date listed?

Aggregate market value is $641,122.04 with an approximate sale date of 08/20/2025.

Which broker is handling the proposed sale?

The broker named is Morgan Stanley Smith Barney LLC.

Has the seller made any recent sales disclosed in the filing?

Yes, a prior sale of 548 shares on 06/04/2025 generated $105,818.80 in gross proceeds.