Paylocity director proposes $66M share sale

J.P. Morgan Securities LLC is named as broker, and the stated sale account is Steven and Jessica Sarowitz JTWROS.

Rhea-AI Filing Summary

Paylocity Holding Corporation (PCTY) is named in a notice for the proposed sale of 390,000 common shares for the account of Steven I. Sarowitz, a director. The remarks state that Steven and Jessica Sarowitz JTWROS will sell the shares. J.P. Morgan Securities LLC is named as broker, and the reported aggregate market value is $66,038,700. The notice also lists their prior sales from August 6, 2026, through October 21, 2026.

Key Figures

Common shares proposed for sale: 390,000 shares Aggregate market value: $66,038,700 Shares outstanding: 53,056,963 shares

3 metrics

Common shares proposed for sale 390,000 shares Notice of proposed sale

Aggregate market value $66,038,700 Proposed sale

Shares outstanding 53,056,963 shares Issuer share count listed in the notice

Key Terms

Rule 144, JTWROS, Founder's Stock, IPO

4 terms

Rule 144 regulatory

"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.

JTWROS financial

"Steven and Jessica Sarowitz JTWROS"

Founder's Stock financial

"Founder's Stock"

IPO financial

"Employment / IPO"

An initial public offering (IPO) is the process by which a private company sells its shares to the public for the first time, making its ownership available on the stock market. This allows the company to raise money from a wide range of investors to fund growth or other goals. For investors, an IPO offers a chance to buy into a company early in its public journey, potentially benefiting if the company grows in value.

FAQ

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

How many PCTY shares are covered by the Rule 144 sale notice?

The notice covers a proposed sale of 390,000 Paylocity common shares for the account of Steven I. Sarowitz, a director. Its remarks state that Steven and Jessica Sarowitz JTWROS will sell the shares, and J.P. Morgan Securities LLC is named as broker.

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

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Available on EDGAR 10/23/2026 - 03:31 PM EDT Accepted by SEC EDGAR 10/23/2026 - 03:31 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	390000	66038700	53056963	10/22/2026	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			390000	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
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	08/24/2026	441	68356.96
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	08/27/2026	19459	3070389.82
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	08/28/2026	5100	808618.55
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	10/15/2026	17694	2933768
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	10/16/2026	5500	913268.28
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	10/19/2026	10445	1736565.78
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	10/20/2026	10617	1802328.6
Steven and Jessica Sarowitz Care of Paylocity Holding Corporation 1400 American Lane Schaumburg IL 60173	Common Stock	10/21/2026	5744	978092.85

144: Remarks and Signature

Remarks	The shares covered by this filing will be sold by Steven and Jessica Sarowitz JTWROS.
Date of Notice	10/23/2026
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)