Paylocity (NASDAQ: PCTY) CRO uses shares to cover tax bill

Rhea-AI Filing Summary

Paylocity Holding Corp (PCTY) reported that officer Joshua Scutt, SVP Chief Revenue Officer, had 3,780 shares of common stock withheld or delivered on 2026-08-17 to satisfy exercise price or tax liability. These shares were treated as a disposition, and his direct holdings now total 80,459 shares of common stock.

Insider Trade Summary

Net Seller: 3,780 shares

Net Sell 1 txn

Insider Scutt Joshua

Role SVP Chief Revenue Officer

Type	Security	Shares	Price	Value
Exercise Price or Tax Liability	Common Stock, par value $0.001	3,780	$148.28	$560K

Holdings After Transaction: Common Stock, par value $0.001 — 80,459 shares (Direct)

Key Figures

Shares disposed (code F): 3,780 shares Transaction price per share: $148.28 per share Shares held after transaction: 80,459 shares

3 metrics

Shares disposed (code F) 3,780 shares Shares delivered or withheld to pay exercise price or tax liability on 2026-08-17

Transaction price per share $148.28 per share Price applied to the 3,780-share exercise-price-or-tax-liability disposition

Shares held after transaction 80,459 shares Direct ownership of Paylocity common stock reported following the 2026-08-17 transaction

Key Terms

Common Stock, par value $0.001, Payment of exercise price or tax liability, Rule 10b5-1

3 terms

Common Stock, par value $0.001 financial

"security_title: Common Stock, par value $0.001"

Payment of exercise price or tax liability financial

"transaction_action: exercise-price-or-tax-liability disposition"

Rule 10b5-1 regulatory

"Rule 10b5-1 checkbox is not marked as true"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

FAQ

What insider transaction did PCTY executive Joshua Scutt report on this Form 4?

Joshua Scutt reported a code F transaction involving 3,780 shares of Paylocity (PCTY) common stock on 2026-08-17. The shares were withheld or delivered to cover exercise price or tax liability, rather than sold in an open-market transaction.

Did Joshua Scutt sell Paylocity (PCTY) shares on the open market in this Form 4?

No, the filing reports a code F transaction, not an open-market sale. The 3,780 shares of PCTY common stock were withheld or delivered to satisfy exercise price or tax liability, a common mechanism for handling option-related obligations.

How many Paylocity (PCTY) shares does Joshua Scutt hold after this transaction?

After the 2026-08-17 transaction, Joshua Scutt directly holds 80,459 shares of Paylocity common stock. This figure reflects his position following the 3,780-share disposition used to pay the exercise price or related tax obligations.

What was the price used for the Paylocity (PCTY) shares in Joshua Scutt’s Form 4 transaction?

The transaction used a price of $148.28 per share for the 3,780 shares of Paylocity common stock. This price applies to the shares withheld or delivered to satisfy exercise price or tax liability, according to the Form 4 details.

Was Joshua Scutt’s Paylocity (PCTY) transaction under a Rule 10b5-1 trading plan?

The Form 4 indicates the Rule 10b5-1 checkbox is not marked as true. Based on the provided data, the transaction is reported as a payment of exercise price or tax liability rather than as activity under an affirmed 10b5-1 trading plan.

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 08/19/2026 - 04:03 PM Accepted by SEC EDGAR 08/19/2026 - 04:03 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Scutt Joshua

(Last) (First) (Middle)

C/O 1400 AMERICAN LANE

(Street)

SCHAUMBURG ILLINOIS 60173

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Paylocity Holding Corp [ PCTY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Chief Revenue Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001	08/17/2026		F		3,780	D	$148.28	80,459	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

	/s/ Kris Kang, attorney-in-fact to Joshua Scutt	08/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)