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  4. [Form 4] Paylocity Holding Corporation Insider Trading Activity

Paylocity Insider Sales: 3,501 Shares Disposed via 10b5-1 on Aug 20, 2025

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Paylocity Holding Corp (PCTY) insider filing: Senior Vice President Sales Joshua Scutt reported multiple open-market sales of Paylocity common stock executed on 08/20/2025 under an approved 10b5-1 plan adopted December 12, 2024. The Form 4 lists three dispositions of 880, 958, and 1,763 shares at weighted-average prices of approximately $178.55, $179.58, and $180.78, respectively. Following these transactions the reported beneficial ownership figures shown are 54,627, 53,669, and 51,906 shares. The filing also notes 118 shares are owned by the reporting person’s father-in-law with investment power held by the reporting person’s spouse.

Positive

  • None.

Negative

  • None.

Insights

TL;DR: Insider sales of 3,501 shares were executed under a pre-established 10b5-1 plan; sales sizes are modest relative to institutional volumes.

The Form 4 documents three separate open-market dispositions on 08/20/2025 by Senior VP Sales Joshua Scutt totaling 3,501 shares at weighted-average prices in the $178–$181 range. The explicit use of an approved 10b5-1 trading plan reduces ambiguity about timing and intent, indicating these were pre-planned transactions rather than opportunistic sales. The filing provides per-tranche weighted-average price ranges and commits to provide detailed per-price execution breakdowns on request, which supports transparency.

TL;DR: Filing shows compliance with Rule 10b5-1 controls and includes attorney-in-fact signature, aligning with governance best practices.

The Form 4 explicitly states the trades were made pursuant to a 10b5-1 plan adopted on December 12, 2024, and is signed by an attorney-in-fact. These elements document procedural compliance and reduce governance concerns about insider timing. The disclosure that 118 shares are held by a family member with investment power granted to the spouse is properly noted, clarifying indirect ownership ties. No amendments or additional material events are reported.

Insider Scutt Joshua
Role Senior Vice President Sales
Sold 3,601 shs ($648K)
Type Security Shares Price Value
Sale Common Stock, par value $0.001 880 $178.55 $157K
Sale Common Stock, par value $0.001 958 $179.58 $172K
Sale Common Stock, par value $0.001 1,763 $180.78 $319K
holding Common Stock, par value $0.001 -- -- --
Holdings After Transaction: Common Stock, par value $0.001 — 51,906 shares (Direct); Common Stock, par value $0.001 — 118 shares (Indirect, Owned by father-in-law)
Footnotes (5)
  1. F1. The transaction indicated was conducted under an approved 10b5-1 Plan adopted on December 12, 2024.
  2. F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $178.00 to $178.99, 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 and 4 of this Form 4.
  3. F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $179.08 to $179.93, inclusive.
  4. F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $180.20 to $181.20, inclusive.
  5. F5. 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.

FAQ

What trades did Joshua Scutt disclose in the PCTY Form 4?
The filing reports three dispositions on 08/20/2025 of 880, 958, and 1,763 shares executed at weighted-average prices of about $178.55, $179.58, and $180.78, respectively.

Were the PCTY trades conducted under a 10b5-1 plan?
Yes. The filing states the transactions were conducted under an approved 10b5-1 plan adopted on December 12, 2024.

What is Joshua Scutt’s role at Paylocity (PCTY)?
The Form 4 identifies the reporting person as Senior Vice President Sales of Paylocity Holding Corporation.

Does the filing disclose any indirect ownership?
Yes. The filing discloses 118 shares owned by the reporting person’s father-in-law, with the reporting person’s spouse granted investment power over those shares.

Who signed the Form 4 for Joshua Scutt?
The Form 4 is signed by Kris Kang, attorney-in-fact to Joshua Scutt dated 08/22/2025.

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

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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).
X
 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 IL 60173
(City) (State) (Zip)
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
3. Date of Earliest Transaction (Month/Day/Year)
08/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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 08/20/2025 S 880(1) D $178.55(2) 54,627 D
Common Stock, par value $0.001 08/20/2025 S 958(1) D $179.58(3) 53,669 D
Common Stock, par value $0.001 08/20/2025 S 1,763(1) D $180.78(4) 51,906 D
Common Stock, par value $0.001 118 I Owned by father-in-law(5)
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. The transaction indicated was conducted under an approved 10b5-1 Plan adopted on December 12, 2024.
2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $178.00 to $178.99, 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 and 4 of this Form 4.
3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $179.08 to $179.93, inclusive.
4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $180.20 to $181.20, inclusive.
5. 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 08/22/2025
** 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.

Source: View Original Filing on SEC EDGAR