Paylocity chair sells 15,000 shares around $147
Executive Chairman Steven R. Beauchamp sold 15,000 Paylocity shares under a pre-arranged Rule 10b5-1 trading plan and continues to hold substantial indirect positions.
Rhea-AI Filing Summary
Paylocity Holding Corp (PCTY) Executive Chairman Steven R. Beauchamp reported selling a total of 15,000 shares of common stock on September 15, 2026 in a series of open‑market or private transactions at weighted average prices around $145.96–$148.56, with prices in specified ranges for each trade. These sales were conducted under an approved Rule 10b5-1 trading plan adopted on August 19, 2025 and amended on May 15, 2026. Following these transactions, he reports indirect holdings of Paylocity stock through several entities, including IRIE Family Trust, SRB 2025 GRAT, IRIE Foundation, and Gotham Triple Advantage Strategy LP.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 15,000 shares
Net Sell
8 txns
Insider
Beauchamp Steven R
Role
Executive Chairman
Sold
15,000 shs ($2.21M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 F1, F2 | 1,641 | $145.96 | $240K |
| Sale | Common Stock, par value $0.001 F1, F3 | 8,460 | $147.01 | $1.24M |
| Sale | Common Stock, par value $0.001 F1, F4 | 4,799 | $147.86 | $710K |
| Sale | Common Stock, par value $0.001 F1, F5 | 100 | $148.56 | $15K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 1,258,389 shares (Direct);
Common Stock, par value $0.001 — 235,000 shares (Indirect, by IRIE Family Trust);
Common Stock, par value $0.001 — 220,000 shares (Indirect, by SRB 2025 GRAT);
Common Stock, par value $0.001 — 15,800 shares (Indirect, by IRIE Foundation);
Common Stock, par value $0.001 — 194,926 shares (Indirect, by Gotham Triple Advantage Strategy LP)
Footnotes (5)
- F1. The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on August 19, 2025 and amended on May 15, 2026.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $145.38 to $146.37, inclusive. The reporting person undertakes to provide to Paylocity Holding Corporation, any security holder of Paylocity Holding Corporation, or the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnotes 2, 3, 4 and 5 of this Form 4.
- F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $146.39 to $147.39, inclusive.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $147.40 to $148.36, inclusive.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $148.53 to $148.61, inclusive.
Key Figures
Shares sold (total): 15,000 shares
First block sold: 1,641 shares at $145.96 per share
Second block sold: 8,460 shares at $147.01 per share
+5 more
8 metrics
Shares sold (total)
15,000 shares
Common stock sales by Steven R. Beauchamp on September 15, 2026
First block sold
1,641 shares at $145.96 per share
Weighted average price; trades ranged from $145.38 to $146.37
Second block sold
8,460 shares at $147.01 per share
Weighted average price; trades ranged from $146.39 to $147.39
Third block sold
4,799 shares at $147.86 per share
Weighted average price; trades ranged from $147.40 to $148.36
Fourth block sold
100 shares at $148.56 per share
Weighted average price; trades ranged from $148.53 to $148.61
IRIE Family Trust indirect holding
235,000 shares
Indirect Paylocity common stock reported as held by IRIE Family Trust
SRB 2025 GRAT indirect holding
220,000 shares
Indirect Paylocity common stock reported as held by SRB 2025 GRAT
Rule 10b5-1 plan dates
Adopted August 19, 2025; amended May 15, 2026
Plan governing the reported stock sales
Key Terms
Rule 10b5-1 Plan, weighted average price, GRAT, indirect ownership
4 terms
Rule 10b5-1 Plan regulatory
"The transaction indicated was conducted under an approved 10b5-1 Plan adopted..."
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.
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
GRAT financial
"total shares following transaction 220,000.0000 by SRB 2025 GRAT"
indirect ownership financial
"Ownership type marked as indirect by IRIE Family Trust and other entities."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Paylocity (PCTY) Executive Chairman Steven Beauchamp report in this Form 4?
He reported selling 15,000 shares of Paylocity common stock on September 15, 2026 in multiple open‑market or private transactions at weighted average prices between about $145.96 and $148.56, under a pre‑arranged Rule 10b5-1 trading plan.
Was the Paylocity (PCTY) stock sale by Steven Beauchamp made under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were conducted under an approved Rule 10b5-1 Plan adopted by Steven R. Beauchamp on August 19, 2025 and amended on May 15, 2026.
What indirect Paylocity (PCTY) holdings does Steven Beauchamp report after these transactions?
He reports indirect ownership of 235,000 shares by IRIE Family Trust, 220,000 shares by SRB 2025 GRAT, 15,800 shares by IRIE Foundation, and 194,926 shares by Gotham Triple Advantage Strategy LP.
AI-generated analysis. How Rhea-AI works. Not financial advice.
