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  4. [144] Paylocity Holding Corp SEC Filing

Paylocity director plans $11.5M stock sale

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
144

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.

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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
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

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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144: Filer Information

144: Issuer Information

144: Securities Information



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


* 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

144: Remarks and Signature

Source: View Original Filing on SEC EDGAR