Paylocity director plans $11.5M stock sale

Paylocity Holding Corp (PCTY) director Steven I. Sarowitz has filed a Rule 144 notice to sell 75,000 shares of Paylocity common stock through J.P.

Rhea-AI Filing Summary

Paylocity Holding Corp (PCTY) director Steven I. Sarowitz has filed a Rule 144 notice to sell 75,000 shares of Paylocity common stock through J.P. Morgan Securities LLC. The planned sale has an indicated aggregate market value of $11,500,500, with NASDAQ listed as the trading market.

The shares to be sold were acquired on March 18, 2014 as Founder's Stock. The notice also lists recent sales by Steven and Jessica Sarowitz, held JTWROS, in August 2026, including multiple transactions of Paylocity common stock over several trading days.

Key Figures

Shares proposed to be sold: 75,000 shares Aggregate market value of shares to be sold: $11,500,500 Date of acquisition of securities to be sold: 03/18/2014 +3 more

6 metrics

Shares proposed to be sold 75,000 shares Common stock to be sold for the account of Steven I. Sarowitz

Aggregate market value of shares to be sold $11,500,500 Estimated value of 75,000 Paylocity common shares under Rule 144 notice

Date of acquisition of securities to be sold 03/18/2014 Acquisition date of Founder's Stock underlying the 75,000 shares

Recent sale on 08/06/2026 11,136 shares for $1,679,459.10 Common stock sold by Steven and Jessica Sarowitz

Recent sale on 08/07/2026 32,972 shares for $5,027,537.62 Common stock sold by Steven and Jessica Sarowitz

Recent sale on 08/13/2026 15,107 shares for $2,291,028.19 Common stock sold by Steven and Jessica Sarowitz

Key Terms

Rule 144, Founder's Stock, JTWROS

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Founder's Stock financial

"75000 | 03/18/2014 | Founder's Stock"

JTWROS financial

"shares covered by this filing will be sold by Steven and Jessica Sarowitz JTWROS."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does the Form 144 filing mean for Paylocity (PCTY)?

The filing states that Steven I. Sarowitz75,000 shares of Paylocity common stock under Rule 144. It is a notice of a planned sale of restricted or control securities, not a company financing transaction.

How many Paylocity (PCTY) shares are proposed to be sold in this Form 144?

The notice covers a proposed sale of 75,000 shares of Paylocity common stock. The filing indicates an aggregate market value for these shares of $11,500,500 and identifies NASDAQ as the market where the shares may be sold.

Who is selling Paylocity (PCTY) shares and through which broker?

The securities are to be sold for the account of Steven I. Sarowitz, a director of Paylocity. J.P. Morgan Securities LLC is listed as the broker, acting as agent and attorney-in-fact, and will handle the sale of the 75,000 Paylocity common shares.

When were the Paylocity (PCTY) shares to be sold originally acquired?

The filing states that the 75,000 shares of Paylocity common stock to be sold were acquired on March 18, 2014 as Founder's Stock. This indicates they are long-held shares being sold under the Rule 144 framework.

What recent sales of Paylocity (PCTY) shares are disclosed in the Form 144?

The notice lists recent sales by Steven and Jessica Sarowitz, care of Paylocity, including 11,136 shares for $1,679,459.10 on 08/06/2026 and 32,972 shares for $5,027,537.62 on 08/07/2026, along with several additional August 2026 transactions.

In what ownership form are the Paylocity (PCTY) shares held for this Form 144 sale?

The remarks explain that the shares covered by this Form 144 will be sold by Steven and Jessica Sarowitz JTWROS, meaning the shares are held as joint tenants with right of survivorship. J.P. Morgan signs as agent and attorney-in-fact for Steven I. Sarowitz.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/24/2026 - 06:34 PM EDT Accepted by SEC EDGAR 08/24/2026 - 06:33 PM EDT Learn about SEC filing dates

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK	0001597870
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Paylocity Holding Corporation
SEC File Number	001-36348
Address of Issuer	1400 American Lane Schaumburg ILLINOIS 60173
Phone	847-463-3200
Name of Person for Whose Account the Securities are To Be Sold	Steven I. Sarowitz
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
Relationship to Issuer	Director

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	J.P. Morgan Securities LLC 270 Park Avenue, 10th Floor New York NY 10017	75000	11500500	53056963	08/24/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	03/18/2024	Employment / IPO	Issuer			75000	03/18/2014	Founder's Stock

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	08/06/2026	11136	1679459.1
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	08/07/2026	32972	5027537.62
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	08/13/2026	15107	2291028.19
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	08/14/2026	586	88555.03
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	08/19/2026	8539	1282577.94
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	08/20/2026	6660	1015101.62

144: Remarks and Signature

Remarks	The shares covered by this filing will be sold by Steven and Jessica Sarowitz JTWROS.
Date of Notice	08/24/2026
Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1	12/15/2025
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.
Signature	/s/ J.P. Morgan Securities LLC as agent and attorney-in-fact for Steven I. Sarowitz
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)