Nasdaq · CIK 0001591698
PCTY Paylocity Holding Corp
Insider trading from SEC Form 4. Last filing 11 d ago. Close $153.96 on Oct 9, 2026, +62% from the 52-week low and -4% from the high.
Paylocity Holding Corp (PCTY) has 172 SEC Form 4 filings on file from 9 insiders, the latest filed on Oct 2, 2026. In the last 90 days insiders made 0 open-market buys worth $0 and 3 open-market sells worth $3.0M, net -$3.0M.
106 open-market trades have been scored at PCTY. The newest: Steven R Beauchamp (Executive Chairman) sold $2.2M of stock on Sep 15, 2026, filed Sep 16, 2026, scored 33 (weak), under a 10b5-1 plan. The largest of the 50 shown: Steven I Sarowitz (director and 10% owner) sold $25M on May 16, 2025, scored 45 (moderate), under a 10b5-1 plan. 2 insiders sold within 14 days of each other around Sep 15, 2026.
PCTY closed at $153.96 on Oct 9, 2026, 62% above its 52-week low and 4% below its 52-week high.
1 member of Congress has disclosed 1 trade in PCTY under the STOCK Act. 25 Form 144 notices of planned sales are on file, the latest filed Dec 4, 2025.
Last 90 days
Price and insider trades, last year
Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value. Click a marked bar to open the signal.Charts by TradingView Lightweight Charts™
Signals
Open-market buys and sells at Paylocity Holding Corp, scored: the newest 50 of 106.
| Score | Insider | Value | Holdings | Price context | Filed |
|---|---|---|---|---|---|
| 33Weak | Steven R Beauchamp Executive Chairman sell | $2.2M 15,000 shares | -1% | - | |
| 10Weak | Andrew Cappotelli Sr Vice President Operations sell | $11k 69 shares | -0% | +60% from low-13% from high | |
| 25Weak | Steven I Sarowitz director, owner sell | $809k 5,100 shares | -0% | +66% from low-12% from high | |
| 3Weak | Andrew Cappotelli Sr Vice President Operations sell | $8,145 70 shares | -0% | +18% from low-42% from high | |
| 20Weak | Ryan Glenn Chief Financial Officer sell | $122k 1,034 shares | -2% | +29% from low-37% from high | |
| 13Weak | Andrew Cappotelli Sr Vice President Operations sell | $103k 899 shares | -5% | +19% from low-44% from high | |
| 10Weak | Andrew Cappotelli Sr Vice President Operations sell | $7,874 70 shares | -0% | +12% from low-43% from high | |
| 22Weak | Nicholas Rost VP CAO & Treasurer sell | $31k 307 shares | -4% | +1% from low-50% from high | |
| 19Weak | Andrew Cappotelli Sr Vice President Operations sell | $92k 845 shares | -4% | +4% from low-49% from high | |
| 32Weak | Ryan Glenn Chief Financial Officer sell | $354k 3,279 shares | -4% | +4% from low-49% from high | |
| 27Weak | Joshua Scutt Senior Vice President Sales sell | $439k 4,054 shares | -8% | +4% from low-49% from high | |
| 23Weak | Nicholas Rost VP CAO & Treasurer sell | $36k 329 shares | -4% | +4% from low-49% from high | |
| 43Moderate | Toby J. Williams President and CEO sell | $837k 8,000 shares | -4% | +3% from low-51% from high | |
| 0Weak | Andrew Cappotelli Sr Vice President Operations sell | $10k 69 shares | -0% | +6% from low-33% from high | |
| 21Weak | Andrew Cappotelli Sr Vice President Operations sell | $145k 987 shares | -4% | +6% from low-33% from high | |
| 30Weak | Ryan Glenn Chief Financial Officer sell | $250k 1,737 shares | -2% | +4% from low-34% from high | |
| 24Weak | Nicholas Rost VP CAO & Treasurer sell | $52k 359 shares | -4% | +4% from low-34% from high | |
| 2Weak | Nicholas Rost VP CAO & Treasurer sell | $21k 126 shares | -1% | +2% from low-24% from high | |
| 35Weak | Steven R Beauchamp Executive Chairman sell | $813k 4,664 shares | -0% | +11% from low-21% from high | |
| 10Weak | Andrew Cappotelli Sr Vice President Operations sell | $13k 77 shares | -0% | +12% from low-20% from high | |
| 25Weak | Andrew Cappotelli Sr Vice President Operations sell | $333k 1,872 shares | -8% | +17% from low-17% from high | |
| 30Weak | Joshua Scutt Senior Vice President Sales sell | $648k 3,601 shares | -6% | +17% from low-17% from high | |
| 30Weak | Ryan Glenn Chief Financial Officer sell | $232k 1,303 shares | -2% | +14% from low-18% from high | |
| 26Weak | Nicholas Rost VP CAO & Treasurer sell | $90k 508 shares | -5% | +14% from low-18% from high | |
| 45Moderate | Toby J. Williams President and CEO sell | $1.4M 8,000 shares | -3% | +11% from low-21% from high | |
| 14Weak | Andrew Cappotelli Sr Vice President Operations sell | $303k 1,717 shares | -13% | +14% from low-18% from high | |
| 53Moderate | Joshua Scutt Senior Vice President Sales sell | $106k 548 shares | -82% | +25% from low-11% from high | |
| 10Weak | Andrew Cappotelli Sr Vice President Operations sell | $1,903 10 shares | -0% | +23% from low-12% from high | |
| 35Weak | Steven I Sarowitz director, owner sell | $2.8M 14,123 shares | -5% | +29% from low-8% from high | |
| 45Moderate | Bernard Robinson Kenneth director sell | $102k 510 shares | -11% | +29% from low-8% from high | |
| 45Moderate | Steven I Sarowitz director, owner sell | $25M 125,701 shares | -32% | +29% from low-8% from high | |
| 25Weak | Nicholas Rost VP CAO & Treasurer sell | $75k 377 shares | -6% | +29% from low-8% from high | |
| 40Moderate | Steven R Beauchamp Executive Chairman sell | $6.0M 30,000 shares | -2% | +28% from low-9% from high | |
| 35Weak | Steven I Sarowitz director, owner sell | $2.2M 11,108 shares | -3% | +28% from low-8% from high | |
| 35Weak | Steven I Sarowitz director, owner sell | $3.6M 18,000 shares | -4% | +28% from low-9% from high | |
| 3Weak | Andrew Cappotelli Sr Vice President Operations sell | $2,221 11 shares | -0% | - | |
| 32Weak | Ryan Glenn Chief Financial Officer sell | $370k 1,708 shares | -4% | - | |
| 33Weak | Steven R Beauchamp Executive Chairman sell | $11M 52,500 shares | -3% | - | |
| 12Weak | Steven I Sarowitz director, owner sell | $80k 400 shares | -0% | - | |
| 27Weak | Steven I Sarowitz director, owner sell | $900k 4,483 shares | -0% | - | |
| 27Weak | Steven I Sarowitz director, owner sell | $958k 4,715 shares | -0% | - | |
| 3Weak | Andrew Cappotelli Sr Vice President Operations sell | $2,016 10 shares | -0% | - | |
| 28Weak | Steven I Sarowitz director, owner sell | $2.3M 11,473 shares | -0% | - | |
| 35Weak | Steven I Sarowitz director, owner sell | $1.9M 9,515 shares | -0% | - | |
| 35Weak | Steven I Sarowitz director, owner sell | $4.1M 20,421 shares | -0% | - | |
| 35Weak | Steven I Sarowitz director, owner sell | $2.8M 13,689 shares | -0% | - | |
| 35Weak | Steven I Sarowitz director, owner sell | $3.1M 15,293 shares | -0% | - | |
| 35Weak | Steven I Sarowitz director, owner sell | $2.4M 11,778 shares | -0% | - | |
| 27Weak | Steven I Sarowitz director, owner sell | $472k 2,295 shares | -0% | - | |
| 34Weak | Steven I Sarowitz director, owner sell | $903k 4,400 shares | -0% | - |
Planned sales
Form 144 notices filed before a sale of restricted or control stock, newest first. The sale itself usually reaches a Form 4 within days. All planned sales
| Filed | Seller | Shares | Value | Sale date | Past 3 months |
|---|---|---|---|---|---|
| Dec 4, 2025 | ANDREW CAPPOTELLI Officer | 69 0.00% of outstanding | $10k | Dec 4, 2025 | $145k |
| Nov 26, 2025 | ANDREW CAPPOTELLI Officer | 987 0.00% of outstanding | $146k | Nov 26, 2025 | $13k |
| Nov 19, 2025 | RYAN GLENN Officer | 1,737 0.00% of outstanding | $252k | Nov 19, 2025 | none |
| Nov 19, 2025 | NICHOLAS ROST Officer | 359 0.00% of outstanding | $52k | Nov 19, 2025 | $44k |
| Sep 24, 2025 | NICHOLAS ROST Officer | 126 0.00% of outstanding | $21k | Sep 24, 2025 | $90k |
| Sep 3, 2025 | ANDREW CAPPOTELLI Officer | 77 0.00% of outstanding | $13k | Sep 3, 2025 | $636k |
| Aug 20, 2025 | ANDREW CAPPOTELLI Officer | 1,872 0.00% of outstanding | $333k | Aug 20, 2025 | $305k |
| Aug 20, 2025 | JOSHUA SCUTT Officer | 3,601 0.01% of outstanding | $641k | Aug 20, 2025 | $106k |
| Aug 19, 2025 | RYAN GLENN Officer | 1,303 0.00% of outstanding | $232k | Aug 19, 2025 | none |
| Aug 19, 2025 | NICHOLAS ROST Officer | 508 0.00% of outstanding | $91k | Aug 19, 2025 | none |
| Aug 15, 2025 | TOBY WILLIAMS Director, Officer | 8,000 0.01% of outstanding | $1.4M | Aug 15, 2025 | none |
| Jun 23, 2025 | ANDREW CAPPOTELLI Officer | 1,717 0.00% of outstanding | $304k | Jun 23, 2025 | $1,903 |
| Jun 4, 2025 | Scutt Joshua Member of immediate family of any of the foregoing, Associated to Affiliate | 548 0.00% of outstanding | $105k | Jun 4, 2025 | none |
| May 19, 2025 | NICHOLAS ROST Officer | 377 0.00% of outstanding | $76k | May 19, 2025 | none |
| May 16, 2025 | KENNETH B. ROBINSON Director | 510 0.00% of outstanding | $102k | May 16, 2025 | none |
| May 15, 2025 | STEVEN RAYMOND BEAUCHAMP Director, Officer | 30,000 0.05% of outstanding | $6.0M | May 15, 2025 | $2.4M |
| Mar 18, 2025 | Steven I Sarowitz Affiliate | 460,000 0.82% of outstanding | $88M | Mar 18, 2025 | $1.9M |
| Mar 13, 2025 | JOSHUA MICHAEL SCUTT Officer | 2,904 0.01% of outstanding | $542k | Mar 13, 2025 | none |
| Feb 19, 2025 | RYAN GLENN Officer | 1,708 0.00% of outstanding | $372k | Feb 19, 2025 | none |
| Feb 19, 2025 | NICHOLAS ROST Officer | 511 0.00% of outstanding | $111k | Feb 19, 2025 | none |
| Feb 18, 2025 | RACHIT LOHANI Officer | 240 0.00% of outstanding | $52k | Feb 18, 2025 | $73k |
| Feb 14, 2025 | STEVEN RAYMOND BEAUCHAMP Director, Officer | 30,000 0.05% of outstanding | $6.5M | Feb 14, 2025 | none |
| Feb 14, 2025 | IRIE FOUNDATION Director, Officer | 22,500 0.04% of outstanding | $4.9M | Feb 14, 2025 | none |
| Feb 14, 2025 | TOBY WILLIAMS Officer, Director | 8,000 0.01% of outstanding | $1.7M | Feb 14, 2025 | none |
| Dec 17, 2024 | ANDREW CAPPOTELLI Officer | 10 0.00% of outstanding | $2,016 | Dec 17, 2024 | $304k |
Congressional trades
1 trade in PCTY disclosed by members of Congress under the STOCK Act. All congressional trades.
- Robert P. Bresnahan, Jr.House · R-PA · last Feb 13, 20250 bought
1 sold
| Member | Trade | Asset | Reported range | Trade / filing date | Source |
|---|---|---|---|---|---|
Robert P. Bresnahan, Jr. House · R-PA | Sale | PCTY Paylocity Holding Corporation - Common Stock | $1,001 to $15k | Jan 13, 2025 / Feb 13, 2025 31 days after the trade | Clerk |
Transactions
The newest 50 of 920 rows filed, every code.
| Date | Insider | Transaction | Shares | Price | Value | Holdings after | Filed |
|---|---|---|---|---|---|---|---|
| Oct 1, 2026 | Melissa Ann King SVP Product and Technology | FTax withholding Common Stock, par value $0.001 | -489 | $142.57 | $70k | 60,810 | 11 d ago |
| Sep 15, 2026 | Steven R Beauchamp Executive Chairman | SOpen-market sale Common Stock, par value $0.00110b5-1 | -1,641 | $145.96 | $240k | 1,271,748 | 27 d ago |
| Sep 15, 2026 | Steven R Beauchamp Executive Chairman | SOpen-market sale Common Stock, par value $0.00110b5-1 | -8,460 | $147.01 | $1.2M | 1,263,288 | 27 d ago |
| Sep 15, 2026 | Steven R Beauchamp Executive Chairman | SOpen-market sale Common Stock, par value $0.00110b5-1 | -4,799 | $147.86 | $710k | 1,258,489 | 27 d ago |
| Sep 15, 2026 | Steven R Beauchamp Executive Chairman | SOpen-market sale Common Stock, par value $0.00110b5-1 | -100 | $148.56 | $15k | 1,258,389 | 27 d ago |
| Sep 4, 2026 | Andrew Cappotelli Sr Vice President Operations | SOpen-market sale Common Stock, par value $0.00110b5-1 | -69 | $152.37 | $11k | 44,202 | 34 d ago |
| Sep 1, 2026 | Andrew Cappotelli Sr Vice President Operations | FTax withholding Common Stock, par value $0.001 | -58 | $160.22 | $9,293 | 44,271 | 41 d ago |
| Aug 28, 2026 | Steven I Sarowitz director, owner | SOpen-market sale Common Stock, par value $0.00110b5-1 | -1,210 | $158.12 | $191k | 4,452,285 | 42 d ago |
| Aug 28, 2026 | Steven I Sarowitz director, owner | SOpen-market sale Common Stock, par value $0.00110b5-1 | -3,885 | $158.69 | $617k | 4,448,400 | 42 d ago |
| Aug 28, 2026 | Steven I Sarowitz director, owner | SOpen-market sale Common Stock, par value $0.00110b5-1 | -5 | $159.36 | $797 | 4,448,395 | 42 d ago |
| Jun 4, 2026 | Andrew Cappotelli Sr Vice President Operations | SOpen-market sale Common Stock, par value $0.00110b5-1 | -70 | $116.35 | $8,145 | 17,550 | Jun 5, 2026 |
| Jun 1, 2026 | Andrew Cappotelli Sr Vice President Operations | FTax withholding Common Stock, par value $0.001 | -59 | $114.93 | $6,781 | 17,620 | Jun 3, 2026 |
| Jun 1, 2026 | Ryan Glenn Chief Financial Officer | SOpen-market sale Common Stock, par value $0.00110b5-1 | -1,034 | $117.55 | $122k | 67,394 | Jun 3, 2026 |
| May 19, 2026 | Andrew Cappotelli Sr Vice President Operations | SOpen-market sale Common Stock, par value $0.00110b5-1 | -899 | $115.05 | $103k | 17,679 | May 21, 2026 |
| May 15, 2026 | Andrew Cappotelli Sr Vice President Operations | FTax withholding Common Stock, par value $0.001 | -730 | $103.93 | $76k | 18,578 | May 19, 2026 |
| May 15, 2026 | Ryan Glenn Chief Financial Officer | FTax withholding Common Stock, par value $0.001 | -2,436 | $103.93 | $253k | 68,428 | May 19, 2026 |
| May 15, 2026 | Steven R Beauchamp Executive Chairman | FTax withholding Common Stock, par value $0.001 | -1,849 | $103.93 | $192k | 1,268,953 | May 19, 2026 |
| Mar 11, 2026 | Ryan Glenn Chief Financial Officer | FTax withholding Common Stock, par value $0.001 | -585 | $114.55 | $67k | 70,864 | Mar 12, 2026 |
| Mar 11, 2026 | Toby J. Williams President and CEO | FTax withholding Common Stock, par value $0.001 | -1,302 | $114.55 | $149k | 204,005 | Mar 12, 2026 |
| Mar 4, 2026 | Andrew Cappotelli Sr Vice President Operations | SOpen-market sale Common Stock, par value $0.00110b5-1 | -70 | $112.48 | $7,874 | 19,308 | Mar 5, 2026 |
| Mar 2, 2026 | Andrew Cappotelli Sr Vice President Operations | FTax withholding Common Stock, par value $0.001 | -59 | $106.49 | $6,283 | 19,378 | Mar 4, 2026 |
| Feb 24, 2026 | Nicholas Rost VP CAO & Treasurer | SOpen-market sale Common Stock, par value $0.00110b5-1 | -307 | $101.98 | $31k | 7,510 | Feb 26, 2026 |
| Feb 19, 2026 | Andrew Cappotelli Sr Vice President Operations | SOpen-market sale Common Stock, par value $0.00110b5-1 | -845 | $108.94 | $92k | 19,437 | Feb 23, 2026 |
| Feb 19, 2026 | Ryan Glenn Chief Financial Officer | SOpen-market sale Common Stock, par value $0.00110b5-1 | -2,002 | $107.55 | $215k | 72,726 | Feb 23, 2026 |
| Feb 19, 2026 | Joshua Scutt Senior Vice President Sales | SOpen-market sale Common Stock, par value $0.00110b5-1 | -1,400 | $107.54 | $151k | 48,241 | Feb 23, 2026 |
| Feb 19, 2026 | Nicholas Rost VP CAO & Treasurer | SOpen-market sale Common Stock, par value $0.00110b5-1 | -329 | $108.94 | $36k | 7,817 | Feb 23, 2026 |
| Feb 19, 2026 | Ryan Glenn Chief Financial Officer | SOpen-market sale Common Stock, par value $0.00110b5-1 | -1,177 | $108.21 | $127k | 71,549 | Feb 23, 2026 |
| Feb 19, 2026 | Joshua Scutt Senior Vice President Sales | SOpen-market sale Common Stock, par value $0.00110b5-1 | -2,654 | $108.74 | $289k | 45,587 | Feb 23, 2026 |
| Feb 19, 2026 | Ryan Glenn Chief Financial Officer | SOpen-market sale Common Stock, par value $0.00110b5-1 | -100 | $109.12 | $11k | 71,449 | Feb 23, 2026 |
| Feb 16, 2026 | Ryan Glenn Chief Financial Officer | FTax withholding Common Stock, par value $0.001 | -2,501 | $107.13 | $268k | 74,728 | Feb 18, 2026 |
| Feb 16, 2026 | Melissa Ann King SVP Product and Technology | FTax withholding Common Stock, par value $0.001 | -240 | $107.13 | $26k | 29,524 | Feb 18, 2026 |
| Feb 16, 2026 | Joshua Scutt Senior Vice President Sales | FTax withholding Common Stock, par value $0.001 | -1,623 | $107.13 | $174k | 49,641 | Feb 18, 2026 |
| Feb 16, 2026 | Nicholas Rost VP CAO & Treasurer | FTax withholding Common Stock, par value $0.001 | -358 | $107.13 | $38k | 8,146 | Feb 18, 2026 |
| Feb 13, 2026 | Toby J. Williams President and CEO | SOpen-market sale Common Stock, par value $0.00110b5-1 | -2,700 | $104.00 | $281k | 217,143 | Feb 18, 2026 |
| Feb 16, 2026 | Steven R Beauchamp Executive Chairman | FTax withholding Common Stock, par value $0.001 | -1,921 | $107.13 | $206k | 1,296,590 | Feb 18, 2026 |
| Feb 16, 2026 | Andrew Cappotelli Sr Vice President Operations | FTax withholding Common Stock, par value $0.001 | -787 | $107.13 | $84k | 20,282 | Feb 18, 2026 |
| Feb 13, 2026 | Toby J. Williams President and CEO | SOpen-market sale Common Stock, par value $0.00110b5-1 | -5,300 | $104.98 | $556k | 211,843 | Feb 18, 2026 |
| Feb 16, 2026 | Toby J. Williams President and CEO | FTax withholding Common Stock, par value $0.00110b5-1 | -6,536 | $107.13 | $700k | 205,307 | Feb 18, 2026 |
| Jan 2, 2026 | Melissa Ann King SVP Product and Technology | FTax withholding Common Stock, par value $0.001 | -380 | $152.50 | $58k | 29,764 | Jan 5, 2026 |
| Dec 11, 2025 | Steven R Beauchamp Executive Chairman | GGift Common Stock, par value $0.001 | -15,800 | $0.00 | $0 | 1,298,511 | Dec 15, 2025 |
| Dec 11, 2025 | Steven R Beauchamp Executive Chairman | GGift Common Stock, par value $0.001indirect: by IRIE Foundation | +15,800 | $0.00 | $0 | 15,800 | Dec 15, 2025 |
| Dec 4, 2025 | Andrew Cappotelli Sr Vice President Operations | SOpen-market sale Common Stock, par value $0.00110b5-1 | -69 | $146.90 | $10k | 21,069 | Dec 5, 2025 |
| Dec 1, 2025 | Andrew Cappotelli Sr Vice President Operations | FTax withholding Common Stock, par value $0.001 | -59 | $147.33 | $8,692 | 21,138 | Dec 2, 2025 |
| Nov 26, 2025 | Andrew Cappotelli Sr Vice President Operations | SOpen-market sale Common Stock, par value $0.00110b5-1 | -987 | $147.23 | $145k | 21,197 | Dec 1, 2025 |
| Nov 19, 2025 | Ryan Glenn Chief Financial Officer | SOpen-market sale Common Stock, par value $0.00110b5-1 | -1,537 | $143.58 | $221k | 77,429 | Nov 20, 2025 |
| Nov 19, 2025 | Nicholas Rost VP CAO & Treasurer | SOpen-market sale Common Stock, par value $0.00110b5-1 | -359 | $145.06 | $52k | 8,504 | Nov 20, 2025 |
| Nov 19, 2025 | Ryan Glenn Chief Financial Officer | SOpen-market sale Common Stock, par value $0.00110b5-1 | -200 | $144.23 | $29k | 77,229 | Nov 20, 2025 |
| Nov 17, 2025 | Steven R Beauchamp Executive Chairman | FTax withholding Common Stock, par value $0.001 | -1,849 | $148.05 | $274k | 1,314,311 | Nov 18, 2025 |
| Nov 17, 2025 | Andrew Cappotelli Sr Vice President Operations | FTax withholding Common Stock, par value $0.001 | -643 | $148.05 | $95k | 22,184 | Nov 18, 2025 |
| Nov 17, 2025 | Ryan Glenn Chief Financial Officer | FTax withholding Common Stock, par value $0.001 | -2,435 | $148.05 | $361k | 78,966 | Nov 18, 2025 |
Insiders
Everyone who has filed a Form 4 here.
- Steven R BeauchampExecutive Chairman
- Andrew CappotelliSr Vice President Operations
- Ryan GlennChief Financial Officer
- Bernard Robinson Kennethdirector
- Melissa Ann KingSVP Product and Technology
- Nicholas RostVP CAO & Treasurer
- Steven I Sarowitzdirector, owner
- Joshua ScuttSenior Vice President Sales
- Toby J. WilliamsPresident and CEO
Questions about PCTY
Answered from the filings on this page, as of the latest one.
Are insiders buying PCTY?
As of Oct 2, 2026, SEC Form 4 filings show 0 open-market buys worth $0 by 0 insiders and 3 open-market sells worth $3.0M by 3 insiders at Paylocity Holding Corp in the last 90 days, net -$3.0M. Only purchases (code P) and sales (code S) count; grants, option exercises and tax withholding do not.
Who was the last insider to trade PCTY on the open market?
Steven R Beauchamp (Executive Chairman) sold $2.2M of PCTY on Sep 15, 2026 and filed the Form 4 on Sep 16, 2026. InsiderTell scored 33 (weak), under a 10b5-1 plan, with 2 insiders on the same side within 14 days.
How many insiders file Form 4 at Paylocity Holding Corp?
9 people have filed a Form 4 at Paylocity Holding Corp, among them Steven R Beauchamp (Executive Chairman), Andrew Cappotelli (Sr Vice President Operations), Ryan Glenn (Chief Financial Officer). Officers, directors and holders of more than 10% of a share class must report their trades within two business days.
Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.