Beauchamp Steven R sold $2.2M of PCTY
Beauchamp Steven R (Executive Chairman) sold 15,000 shares of Paylocity Holding Corp (PCTY) at an average of $147.18 ($145.96–$148.56, $2.21M total) across 4 trades on 2026-09-15 under a Rule 10b5-1 trading plan.
How this was made
The 30-second read
Why it matters
The disclosed sale reduces insider ownership, which some investors view as a negative indicator, though the pre‑arranged plan suggests no immediate sentiment shift.
Market read
Primary relevance is to PCTY shareholders; broader market impact is limited.
What to watch
Beauchamp's 10b5‑1 plan may have been set months ago; the market may have already priced in any concerns.
Background
SEC Form 4 filing discloses insider transactions. Paylocity (PCTY) is a cloud‑based payroll and HR software provider.
Ticker impact
Executive Chairman Steven R. Beauchamp sold 15,000 shares for $2.2M via a 10b5‑1 plan, reducing his stake to 1.26M shares.
Possible modest downside pressure over the next few days.
A $2.2M sale by the executive chairman is material for a mid‑cap like Paylocity and is disclosed for the first time via Form 4.
Market effects
Minimal; the sale does not affect the broader HR‑tech sector.
None; the filing is U.S.‑focused.
Low; limited to Paylocity investors.
Counterpoint
The sale could be a routine liquidity event under a pre‑arranged plan, not a bearish signal.
Key entities
- CompanyPaylocity Holding Corp
Provider of payroll and HR solutions, ticker PCTY.
- ExecutiveSteven R. Beauchamp
Executive Chairman of Paylocity, reporting the insider sale.
