Paylocity (PCTY) SVP Scutt uses 1,560 shares for tax withholding, keeps 43,354

Rhea-AI Filing Summary

Paylocity Holding Corp Senior Vice President of Sales Joshua Scutt reported routine equity-related activity on Common Stock. The main event was a Form 4 entry coded "F," showing 1,560 shares used for a tax-withholding disposition at $103.93 per share. This reflects shares withheld to cover tax obligations on equity compensation rather than an open-market sale.

Following this tax-withholding transaction, Scutt holds 43,354 shares of Paylocity common stock in direct ownership. The filing also notes an indirect holding of 118 shares owned by his father-in-law, over which Scutt’s spouse has investment power under a power of attorney, providing additional but small indirect exposure.

Insights

Insider trading analyst

Filing shows routine tax withholding, not an open-market sale.

The Form 4 for Paylocity Holding Corp reports that Senior Vice President of Sales Joshua Scutt had 1,560 shares of common stock applied to a tax-withholding obligation at $103.93 per share, using transaction code F.

Code F indicates shares were surrendered to cover taxes on equity compensation, so this is not a discretionary market sale and carries limited signaling value about his view of the stock. After this entry, he directly owns 43,354 shares and has an additional 118 shares held indirectly through his father-in-law’s account, where his spouse has investment power.

Because the tax-withholding amount is small relative to his reported direct holdings and the filing shows no open‑market buying or selling, this update is best viewed as a routine administrative adjustment related to compensation rather than a change in investment stance.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Scutt Joshua

Role Senior Vice President Sales

Type	Security	Shares	Price	Value
Tax Withholding	Common Stock, par value $0.001	1,560	$103.93	$162K
holding	Common Stock, par value $0.001	--	--	--

Holdings After Transaction: Common Stock, par value $0.001 — 43,354 shares (Direct, null); Common Stock, par value $0.001 — 118 shares (Indirect, Owned by father-in-law)

Footnotes (1)

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Key Figures

Tax-withholding shares: 1,560 shares Tax-withholding price: $103.93 per share Direct holdings after transaction: 43,354 shares +1 more

4 metrics

Tax-withholding shares 1,560 shares Code F disposition at $103.93 per share

Tax-withholding price $103.93 per share Price for 1,560 shares used to cover tax liability

Direct holdings after transaction 43,354 shares Common stock directly owned following Form 4 entry

Indirect holdings 118 shares Owned by father-in-law with spouse holding investment power

Key Terms

tax-withholding disposition, transaction code F, indirect ownership, power of attorney

4 terms

tax-withholding disposition financial

"showing 1,560 shares used for a tax-withholding disposition at $103.93 per share"

A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.

transaction code F regulatory

"The main event was a Form 4 entry coded "F," showing 1,560 shares"

indirect ownership financial

"The filing also notes an indirect holding of 118 shares owned by his father-in-law"

power of attorney regulatory

"his spouse was granted a power of attorney that provides for investment power over the shares"

A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.

Form 4 Insider Transactions: What Each Field Means →

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)
	Senior Vice President Sales

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/15/2026

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	05/15/2026		F		1,560	D	$103.93	43,354	D
Common Stock, par value $0.001								118	I	Owned by father-in-law(1)

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:

1. Shares are owned by the Reporting Person's father-in-law; the Reporting Person's spouse was granted a power of attorney that provides for investment power over the shares.

Remarks:

	/s/ Kris Kang, attorney-in-fact to Joshua Scutt	05/19/2026
	** 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)

FAQ

What did Joshua Scutt report in his latest Form 4 for Paylocity (PCTY)?

Joshua Scutt reported a tax-withholding disposition of 1,560 Paylocity common shares at $103.93 each. The Form 4 shows this as code F, meaning shares were surrendered to satisfy tax obligations tied to equity compensation rather than sold in the open market.

Was the Paylocity (PCTY) Form 4 for Joshua Scutt an open-market sale?

No, the Form 4 does not show an open‑market sale. It records a code F transaction where 1,560 shares were used to cover tax liabilities on equity compensation, a common non‑discretionary mechanism rather than a voluntary buy or sell decision in the market.

How many Paylocity (PCTY) shares does Joshua Scutt hold after this Form 4?

After the reported tax-withholding disposition, Joshua Scutt holds 43,354 Paylocity common shares directly. The filing also lists an additional 118 shares held indirectly, owned by his father‑in‑law, where Scutt’s spouse has investment power through a power of attorney arrangement.

What does transaction code F mean in the Paylocity (PCTY) Form 4 filing?

Transaction code F in this Form 4 means shares were delivered to pay an exercise price or tax liability. Here, 1,560 Paylocity shares at $103.93 each were applied to a tax-withholding obligation related to equity compensation, rather than being sold in the open market.

What indirect Paylocity (PCTY) holdings are disclosed for Joshua Scutt?

The Form 4 discloses 118 Paylocity shares held indirectly, owned by Joshua Scutt’s father‑in‑law. A power of attorney grants Scutt’s spouse investment power over these shares, so they appear as indirect beneficial ownership associated with the reporting person.