Paylocity Holding Corporation (PCTY) has filed a Form 144 with the U.S. SEC to give notice of a modest planned insider sale.
The filing covers the potential disposition of up to 1,717 common shares, with an aggregate market value of roughly $303,531. The shares were originally received on 09/01/2024 as Restricted Stock Units issued by the company and will be sold through Morgan Stanley Smith Barney LLC. The broker plans to execute the transaction on or about 06/23/2025 on the NASDAQ exchange.
Based on the company’s stated 55,230,112 shares outstanding, the proposed sale represents approximately 0.003 percent of total shares, indicating a very small dilution impact. Under the “Securities Sold During the Past 3 Months” section, the insider—identified in that table as Andrew Cappotelli—previously sold 10 shares for $1,903 on 06/03/2025 under a Rule 10b5-1 trading plan. The Form 144 reiterates that the filer is unaware of any undisclosed material adverse information and confirms compliance with Rule 10b5-1 requirements.
Because the volume is immaterial relative to float and appears to follow an established trading plan, the filing is generally viewed as routine administrative disclosure rather than a signal of strategic change or financial pressure.