Paylocity (PCTY) SVP Scutt surrenders 673 shares for tax withholding, holds 44,914

Rhea-AI Filing Summary

Paylocity Holding Corp senior vice president of sales Joshua Scutt reported a routine tax-related share disposition. On May 11, 2026, 673 shares of Paylocity common stock were surrendered at $110.98 per share to cover tax obligations, classified as a tax-withholding disposition rather than an open-market sale.

After this event, Scutt directly holds 44,914 Paylocity shares. The filing also notes 118 shares held indirectly through his father-in-law, over which his spouse has investment power via a power of attorney. Overall, the activity reflects equity-compensation related mechanics, not discretionary buying or selling in the market.

Insights

Equity compensation and insider-trading analyst

Filing shows routine tax withholding, not market selling.

The reported Form 4 centers on a code F transaction, where 673 Paylocity common shares were surrendered at $110.98 per share to satisfy tax or exercise obligations tied to equity compensation. Code F transactions are mechanical and do not represent an open-market sale decision.

Following this tax-withholding disposition, Joshua Scutt holds 44,914 shares directly, indicating he retains a substantial equity position. An additional 118 shares are reported as indirectly owned via his father-in-law, with investment power held by his spouse through a power of attorney, clarifying the nature of that position.

Because the net effect is limited and related to compensation and taxes rather than discretionary trading, this filing is best viewed as routine administrative activity. It does not, on its own, materially change the overall picture of insider sentiment or ownership at Paylocity.

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	673	$110.98	$75K
holding	Common Stock, par value $0.001	--	--	--

Holdings After Transaction: Common Stock, par value $0.001 — 44,914 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: 673 shares Tax-withholding price: $110.98 per share Direct holdings after transaction: 44,914 shares +1 more

4 metrics

Tax-withholding shares 673 shares Code F tax-withholding disposition on May 11, 2026

Tax-withholding price $110.98 per share Value assigned to 673 surrendered shares

Direct holdings after transaction 44,914 shares Common stock held directly by Joshua Scutt after disposition

Indirect holdings via father-in-law 118 shares Shares held by father-in-law with investment power via spouse

Key Terms

tax-withholding disposition, power of attorney, indirect ownership, Form 4

4 terms

tax-withholding disposition financial

"classified as a tax-withholding disposition rather than an open-market sale"

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.

power of attorney financial

"spouse was granted a power of attorney that provides for investment power"

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.

indirect ownership financial

"118 shares held indirectly through his father-in-law"

Form 4 regulatory

"Paylocity reported a Form 4 for Joshua Scutt showing a tax-withholding disposition"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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)
05/11/2026

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	05/11/2026		F		673	D	$110.98	44,914	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	05/13/2026
	** 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 insider transaction did Paylocity (PCTY) report for Joshua Scutt?

Paylocity reported a Form 4 for Joshua Scutt showing a tax-withholding disposition of 673 common shares. These shares were surrendered to cover tax or exercise obligations, rather than sold in the open market, and are classified under transaction code F.

How many Paylocity (PCTY) shares did Joshua Scutt dispose of for taxes?

The filing shows 673 Paylocity common shares were disposed of in a tax-withholding transaction. The shares were valued at $110.98 each, reflecting a routine equity-compensation related withholding event rather than a discretionary market sale by the executive.

What are Joshua Scutt’s Paylocity (PCTY) holdings after this Form 4?

After the reported tax-withholding disposition, Joshua Scutt directly holds 44,914 Paylocity common shares. The filing also reports 118 additional shares held indirectly through his father-in-law, with investment power granted to Scutt’s spouse via power of attorney.

Does the Paylocity (PCTY) Form 4 indicate an open-market sale by Joshua Scutt?

No, the Form 4 lists a code F tax-withholding disposition of 673 shares, used to satisfy tax or exercise obligations. Code F transactions are not open-market sales and are typically administrative events associated with equity compensation vesting or option exercises.

How are the indirectly owned Paylocity (PCTY) shares described in the Form 4?

The Form 4 discloses 118 Paylocity shares as indirectly owned through Joshua Scutt’s father-in-law. A footnote explains that Scutt’s spouse holds a power of attorney providing investment power over these shares, clarifying the nature of the indirect ownership relationship.