Paylocity (PCTY) CFO sells 1,034 shares under pre-set Rule 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp Chief Financial Officer Glenn Ryan reported an open-market sale of 1,034 shares of common stock at $117.55 per share. The transaction was conducted under an approved Rule 10b5-1 trading plan adopted on September 5, 2025, indicating it was pre-scheduled. Following this sale, he continues to hold 67,394 shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 1,034 shares ($121,547)
Net Sell
1 txn
Insider
Glenn Ryan
Role
Chief Financial Officer
Sold
1,034 shs ($122K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 | 1,034 | $117.55 | $122K |
Holdings After Transaction:
Common Stock, par value $0.001 — 67,394 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 1,034 shares
Sale price: $117.55 per share
Post-transaction holdings: 67,394 shares
+1 more
4 metrics
Shares sold
1,034 shares
Open-market sale of common stock
Sale price
$117.55 per share
Price for the 1,034-share sale
Post-transaction holdings
67,394 shares
Shares directly held after the sale
Net share direction
-1,034 shares
Net-sell direction in transaction summary
Key Terms
Rule 10b5-1 Plan, open-market sale, Common Stock, par value $0.001
3 terms
Rule 10b5-1 Plan regulatory
"The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on September 5, 2025."
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
open-market sale financial
"transaction_action: open-market sale"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock, par value $0.001 financial
"security_title: Common Stock, par value $0.001"
FAQ
What insider transaction did Paylocity (PCTY) disclose for CFO Glenn Ryan?
Paylocity disclosed that CFO Glenn Ryan sold 1,034 shares of common stock in an open-market transaction at $117.55 per share. After this sale, he directly holds 67,394 shares of Paylocity common stock, according to the Form 4 filing details.
Was the June 2026 Paylocity (PCTY) insider sale under a Rule 10b5-1 plan?
Yes. The filing notes the sale was conducted under an approved Rule 10b5-1 trading plan adopted on September 5, 2025. Such plans pre-schedule trades, meaning the timing of this 1,034-share sale was decided in advance rather than as a discretionary market-timing decision.
What type of security was involved in the Paylocity (PCTY) CFO’s Form 4 transaction?
The transaction involved Common Stock, par value $0.001, of Paylocity Holding Corp. It was classified as a non-derivative open-market sale, rather than a derivative exercise or conversion, and was executed at a price of $117.55 per share.