Paylocity director Sarowitz sells 13,700 shares
A director and 10% owner reported the sales under an approved Rule 10b5-1 plan adopted December 15, 2025.
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Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp (PCTY) director and 10% owner Steven I. Sarowitz reported selling 13,700 shares on October 26, 2026. The four lots were 2,283 shares at a weighted average of $174.90, 5,117 at $175.75, 5,300 at $176.50, and 1,000 at $177.81 per share; the sales were under an approved Rule 10b5-1 plan adopted December 15, 2025. A separate indirect holding of 3,916,476 shares through Jessica P. Sarowitz Declaration of Trust was reported as of October 26, 2026.
Insider Trade Summary 10b5-1
Net Seller: 13,700 shares
Net Sell
5 txns
Insider
Sarowitz Steven I
Role
Director, 10% Owner
Sold
13,700 shs ($2.41M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 F1, F2 | 2,283 | $174.90 | $399K |
| Sale | Common Stock, par value $0.001 F1, F3 | 5,117 | $175.75 | $899K |
| Sale | Common Stock, par value $0.001 F1, F4 | 5,300 | $176.50 | $935K |
| Sale | Common Stock, par value $0.001 F1, F5 | 1,000 | $177.81 | $178K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 4,363,769 shares (Direct);
Common Stock, par value $0.001 — 3,916,476 shares (Indirect, By Jessica P. Sarowitz Declaration of Trust)
Footnotes (5)
- F1. The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 15, 2025.
- F2. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $174.22 to $175.21, 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 and 5 of this Form 4.
- F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $175.23 to $176.23, inclusive.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $176.26 to $177.14, inclusive.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $177.31 to $178.15, inclusive.
Key Figures
Shares sold: 13,700 shares
Sale lot: 2,283 shares at $174.90 weighted average price
Sale lot: 5,117 shares at $175.75 weighted average price
+3 more
6 metrics
Shares sold
13,700 shares
October 26, 2026
Sale lot
2,283 shares at $174.90 weighted average price
October 26, 2026; prices ranged from $174.22 to $175.21 per share.
Sale lot
5,117 shares at $175.75 weighted average price
October 26, 2026; prices ranged from $175.23 to $176.23 per share.
Sale lot
5,300 shares at $176.50 weighted average price
October 26, 2026; prices ranged from $176.26 to $177.14 per share.
Sale lot
1,000 shares at $177.81 weighted average price
October 26, 2026; prices ranged from $177.31 to $178.15 per share.
Indirect holding
3,916,476 shares
Reported as of October 26, 2026, through Jessica P. Sarowitz Declaration of Trust.
Key Terms
10b5-1 Plan, weighted average price, Declaration of Trust
3 terms
10b5-1 Plan regulatory
"under an approved 10b5-1 Plan adopted"
A 10b5-1 plan is a pre-arranged strategy that allows company insiders to buy or sell their shares at predetermined times and prices, even while they are aware of confidential information. It acts like a scheduled appointment for trading, helping ensure transactions happen transparently and legally, which can reassure investors that trades are not based on insider knowledge.
weighted average price financial
"a weighted average price"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Declaration of Trust technical
"Jessica P. Sarowitz Declaration of Trust"
A declaration of trust is a legal document that spells out who holds assets on behalf of others, what duties the holder has, and how income or profits are shared among beneficiaries. For investors it matters because it clarifies who controls the asset, how returns and losses will be allocated, and what rules govern distributions—think of it like a written instruction that tells a custodian how to manage and split the proceeds so investors know their rights and risks.
FAQ
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