PCTY

SEC source: 0001562180-20-003639 · primarydocument.xml · nonDerivative · entry 5

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2010 Direct Fund L.P.

Disclosed balance after: 62,886

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $121.40 to $121.46, 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 footnote 1 of this Form 4.

F6 · ownership.nature: Shares held directly by Adams Street 2010 Direct Fund, L.P. ("AS 2010") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2010. The securities owned by AS 2010 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2010. Such persons and entities disclaim beneficial ownership of shares held by AS 2010, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003639 · primarydocument.xml · nonDerivative · entry 4

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2009 Direct Fund L.P.

Disclosed balance after: 110,703

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $121.40 to $121.46, 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 footnote 1 of this Form 4.

F5 · ownership.nature: Shares held directly by Adams Street 2009 Direct Fund, L.P. ("AS 2009") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2009. The securities owned by AS 2009 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2009. Such persons and entities disclaim beneficial ownership of shares held by AS 2009, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003639 · primarydocument.xml · nonDerivative · entry 3

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2008 Direct Fund L.P.

Disclosed balance after: 534,065

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $121.40 to $121.46, 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 footnote 1 of this Form 4.

F4 · ownership.nature: Shares held directly by Adams Street 2008 Direct Fund, L.P. ("AS 2008") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2008. The securities owned by AS 2008 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2008. Such persons and entities disclaim beneficial ownership of shares held by AS 2008, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003639 · primarydocument.xml · nonDerivative · entry 2

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2007 Direct Fund L.P.

Disclosed balance after: 373,447

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $121.40 to $121.46, 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 footnote 1 of this Form 4.

F3 · ownership.nature: Shares held directly by Adams Street 2007 Direct Fund, L.P. ("AS 2007") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2007. The securities owned by AS 2007 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2007. Such persons and entities disclaim beneficial ownership of shares held by AS 2007, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003639 · primarydocument.xml · nonDerivative · entry 1

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2006 Direct Fund L.P.

Disclosed balance after: 330,697

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $121.40 to $121.46, 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 footnote 1 of this Form 4.

F2 · ownership.nature: Shares held directly by Adams Street 2006 Direct Fund, L.P. ("AS 2006") and indirectly by Adams Street Partners, LLC as the managing member of the general partner of AS 2006. The securities owned by AS 2006 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2006. Such persons and entities disclaim beneficial ownership of shares held by AS 2006, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 24

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street Co-Investment Fund II, L.P.

Disclosed balance after: 195,652

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.35 to $121.02, inclusive.

F11 · ownership.nature: Shares held directly by Adams Street Co-Investment Fund II, L.P. ("AS CIF") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS CIF. The securities owned by AS CIF may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS CIF. Such persons and entities disclaim beneficial ownership of shares held by AS CIF, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 23

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street Co-Investment Fund II, L.P.

Disclosed balance after: 195,732

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.05 to $119.58, inclusive.

F11 · ownership.nature: Shares held directly by Adams Street Co-Investment Fund II, L.P. ("AS CIF") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS CIF. The securities owned by AS CIF may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS CIF. Such persons and entities disclaim beneficial ownership of shares held by AS CIF, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 22

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street Co-Investment Fund II, L.P.

Disclosed balance after: 195,950

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $118.02 to $119.01, 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 1, 3 and 4 of this Form 4.

F11 · ownership.nature: Shares held directly by Adams Street Co-Investment Fund II, L.P. ("AS CIF") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS CIF. The securities owned by AS CIF may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS CIF. Such persons and entities disclaim beneficial ownership of shares held by AS CIF, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 21

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2012 Direct Fund LP

Disclosed balance after: 50,715

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.35 to $121.02, inclusive.

F10 · ownership.nature: Shares held directly by Adams Street 2012 Direct Fund LP ("AS 2012") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2012's general partner. The securities owned by AS 2012 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2012. Such persons and entities disclaim beneficial ownership of shares held by AS 2012, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 20

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2012 Direct Fund LP

Disclosed balance after: 50,736

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.05 to $119.58, inclusive.

F10 · ownership.nature: Shares held directly by Adams Street 2012 Direct Fund LP ("AS 2012") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2012's general partner. The securities owned by AS 2012 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2012. Such persons and entities disclaim beneficial ownership of shares held by AS 2012, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 19

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2012 Direct Fund LP

Disclosed balance after: 50,792

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $118.02 to $119.01, 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 1, 3 and 4 of this Form 4.

F10 · ownership.nature: Shares held directly by Adams Street 2012 Direct Fund LP ("AS 2012") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2012's general partner. The securities owned by AS 2012 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2012. Such persons and entities disclaim beneficial ownership of shares held by AS 2012, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 18

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2011 Direct Fund LP

Disclosed balance after: 50,538

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.35 to $121.02, inclusive.

F9 · ownership.nature: Shares held directly by Adams Street 2011 Direct Fund LP ("AS 2011") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2011's general partner. The securities owned by AS 2011 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2011. Such persons and entities disclaim beneficial ownership of shares held by AS 2011, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 17

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2011 Direct Fund LP

Disclosed balance after: 50,559

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.05 to $119.58, inclusive.

F9 · ownership.nature: Shares held directly by Adams Street 2011 Direct Fund LP ("AS 2011") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2011's general partner. The securities owned by AS 2011 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2011. Such persons and entities disclaim beneficial ownership of shares held by AS 2011, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 16

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2011 Direct Fund LP

Disclosed balance after: 50,615

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $118.02 to $119.01, 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 1, 3 and 4 of this Form 4.

F9 · ownership.nature: Shares held directly by Adams Street 2011 Direct Fund LP ("AS 2011") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2011's general partner. The securities owned by AS 2011 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2011. Such persons and entities disclaim beneficial ownership of shares held by AS 2011, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 15

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2010 Direct Fund L.P.

Disclosed balance after: 62,904

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.35 to $121.02, inclusive.

F8 · ownership.nature: Shares held directly by Adams Street 2010 Direct Fund, L.P. ("AS 2010") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2010. The securities owned by AS 2010 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2010. Such persons and entities disclaim beneficial ownership of shares held by AS 2010, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 14

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2010 Direct Fund L.P.

Disclosed balance after: 62,930

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.05 to $119.58, inclusive.

F8 · ownership.nature: Shares held directly by Adams Street 2010 Direct Fund, L.P. ("AS 2010") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2010. The securities owned by AS 2010 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2010. Such persons and entities disclaim beneficial ownership of shares held by AS 2010, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 13

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2010 Direct Fund L.P.

Disclosed balance after: 63,000

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $118.02 to $119.01, 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 1, 3 and 4 of this Form 4.

F8 · ownership.nature: Shares held directly by Adams Street 2010 Direct Fund, L.P. ("AS 2010") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2010. The securities owned by AS 2010 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2010. Such persons and entities disclaim beneficial ownership of shares held by AS 2010, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 12

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2009 Direct Fund L.P.

Disclosed balance after: 110,736

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.35 to $121.02, inclusive.

F7 · ownership.nature: Shares held directly by Adams Street 2009 Direct Fund, L.P. ("AS 2009") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2009. The securities owned by AS 2009 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2009. Such persons and entities disclaim beneficial ownership of shares held by AS 2009, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 11

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2009 Direct Fund L.P.

Disclosed balance after: 110,781

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.05 to $119.58, inclusive.

F7 · ownership.nature: Shares held directly by Adams Street 2009 Direct Fund, L.P. ("AS 2009") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2009. The securities owned by AS 2009 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2009. Such persons and entities disclaim beneficial ownership of shares held by AS 2009, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 10

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2009 Direct Fund L.P.

Disclosed balance after: 110,904

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $118.02 to $119.01, 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 1, 3 and 4 of this Form 4.

F7 · ownership.nature: Shares held directly by Adams Street 2009 Direct Fund, L.P. ("AS 2009") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2009. The securities owned by AS 2009 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2009. Such persons and entities disclaim beneficial ownership of shares held by AS 2009, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 9

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2008 Direct Fund L.P.

Disclosed balance after: 534,221

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.35 to $121.02, inclusive.

F6 · ownership.nature: Shares held directly by Adams Street 2008 Direct Fund, L.P. ("AS 2008") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2008. The securities owned by AS 2008 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2008. Such persons and entities disclaim beneficial ownership of shares held by AS 2008, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 8

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2008 Direct Fund L.P.

Disclosed balance after: 534,440

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.05 to $119.58, inclusive.

F6 · ownership.nature: Shares held directly by Adams Street 2008 Direct Fund, L.P. ("AS 2008") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2008. The securities owned by AS 2008 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2008. Such persons and entities disclaim beneficial ownership of shares held by AS 2008, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 7

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2008 Direct Fund L.P.

Disclosed balance after: 535,034

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $118.02 to $119.01, 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 1, 3 and 4 of this Form 4.

F6 · ownership.nature: Shares held directly by Adams Street 2008 Direct Fund, L.P. ("AS 2008") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2008. The securities owned by AS 2008 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2008. Such persons and entities disclaim beneficial ownership of shares held by AS 2008, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 6

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2007 Direct Fund L.P.

Disclosed balance after: 373,556

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.35 to $121.02, inclusive.

F5 · ownership.nature: Shares held directly by Adams Street 2007 Direct Fund, L.P. ("AS 2007") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2007. The securities owned by AS 2007 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2007. Such persons and entities disclaim beneficial ownership of shares held by AS 2007, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 5

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2007 Direct Fund L.P.

Disclosed balance after: 373,709

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.05 to $119.58, inclusive.

F5 · ownership.nature: Shares held directly by Adams Street 2007 Direct Fund, L.P. ("AS 2007") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2007. The securities owned by AS 2007 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2007. Such persons and entities disclaim beneficial ownership of shares held by AS 2007, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 4

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2007 Direct Fund L.P.

Disclosed balance after: 374,124

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $118.02 to $119.01, 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 1, 3 and 4 of this Form 4.

F5 · ownership.nature: Shares held directly by Adams Street 2007 Direct Fund, L.P. ("AS 2007") and indirectly by Adams Street Partners, LLC, as the managing member of the general partner of AS 2007. The securities owned by AS 2007 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2007. Such persons and entities disclaim beneficial ownership of shares held by AS 2007, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 3

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2006 Direct Fund L.P.

Disclosed balance after: 330,794

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.35 to $121.02, inclusive.

F2 · ownership.nature: Shares held directly by Adams Street 2006 Direct Fund, L.P. ("AS 2006") and indirectly by Adams Street Partners, LLC as the managing member of the general partner of AS 2006. The securities owned by AS 2006 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2006. Such persons and entities disclaim beneficial ownership of shares held by AS 2006, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 2

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2006 Direct Fund L.P.

Disclosed balance after: 330,929

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.05 to $119.58, inclusive.

F2 · ownership.nature: Shares held directly by Adams Street 2006 Direct Fund, L.P. ("AS 2006") and indirectly by Adams Street Partners, LLC as the managing member of the general partner of AS 2006. The securities owned by AS 2006 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2006. Such persons and entities disclaim beneficial ownership of shares held by AS 2006, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003638 · primarydocument.xml · nonDerivative · entry 1

Diehl Jeffrey T · CIK 0001597881 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · by Adams Street 2006 Direct Fund L.P.

Disclosed balance after: 331,297

F1 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $118.02 to $119.01, 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 1, 3 and 4 of this Form 4.

F2 · ownership.nature: Shares held directly by Adams Street 2006 Direct Fund, L.P. ("AS 2006") and indirectly by Adams Street Partners, LLC as the managing member of the general partner of AS 2006. The securities owned by AS 2006 may be deemed to be beneficially owned by Adams Street Partners, LLC. Thomas S. Bremner, Jeffrey T. Diehl, Elisha P. Gould, Robin Murray and Fred Wang are partners of Adams Street Partners, LLC (or a subsidiary thereof) and may be deemed to share voting and investment power over the shares held by AS 2006. Such persons and entities disclaim beneficial ownership of shares held by AS 2006, except to the extent of any pecuniary interest therein.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 21

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 84,000

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 20

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 84,200

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

F21 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $122.08 to $122.32, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 19

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 84,700

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

F20 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.86 to $120.87, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 18

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 84,900

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

F19 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.39 to $120.02, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 17

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 85,900

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

F18 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $118.15 to $119.08, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 16

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 89,403

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

F17 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $117.13 to $118.10, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 15

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 97,108

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

F16 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $116.12 to $117.11, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 14

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 106,131

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

F15 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $115.11 to $116.11, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 13

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 119,001

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

F14 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $114.10 to $115.10, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 12

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Indirect · by the Julian Grace Foundation

Disclosed balance after: 124,800

F12 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the Julian Grace Foundation on December 16, 2019.

F13 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $113.08 to $114.01, inclusive. The reporting person undertakes to provide 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 13, 14 15, 16, 17, 18, 19, 20 and 21 of this Form 4.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 11

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,569,332

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 10

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,570,432

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F11 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $122.08 to $122.72, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 9

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,572,232

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F10 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $121.02 to $121.70, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 8

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,572,732

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F9 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $120.01 to $120.37, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 7

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,573,932

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F8 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $119.00 to $119.97, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 6

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,579,560

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F7 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $117.98 to $118.96, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 5

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,596,049

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F6 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $116.96 to $117.96, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 4

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,629,347

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F5 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $115.95 to $116.95, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 3

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,678,785

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F4 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $114.94 to $115.94, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 2

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,753,300

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F3 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $113.93 to $114.92, inclusive.

SEC source: 0001562180-20-003528 · primarydocument.xml · nonDerivative · entry 1

Sarowitz Steven I · CIK 0001597870 · Director · 10% owner

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,765,410

F1 · shares: The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 10, 2019.

F2 · price: The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $112.88 to $113.64, 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, 4, 5, 6, 7, 8, 9, 10 and 11 of this Form 4.