Paylocity director sells 15K shares near $151
Paylocity Holding Corp director and greater-than-10% stockholder Steven I. Sarowitz reported open-market sales of its Common Stock on August 13, 2026.
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Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp director and greater-than-10% stockholder Steven I. Sarowitz reported open-market sales of its Common Stock on August 13, 2026. He sold a total of 15,107 shares in four tranches at weighted average prices between about $150 and $153 per share, all conducted under a Rule 10b5-1 Plan adopted on December 15, 2025. An additional entry reports 3,916,476 shares held indirectly through the Jessica P. Sarowitz Declaration of Trust.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 15,107 shares
Net Sell
5 txns
Insider
Sarowitz Steven I
Role
Director, 10% Owner
Sold
15,107 shs ($2.29M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 F1, F2 | 4,066 | $150.63 | $612K |
| Sale | Common Stock, par value $0.001 F1, F3 | 5,659 | $151.54 | $858K |
| Sale | Common Stock, par value $0.001 F1, F4 | 5,299 | $152.53 | $808K |
| Sale | Common Stock, par value $0.001 F1, F5 | 83 | $153.06 | $13K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 4,486,973 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 $150.00 to $151.00, 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 $151.01 to $151.98, inclusive.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $152.02 to $153.00, inclusive.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $153.04 to $153.08, inclusive.
Key Figures
Shares sold at $150.63: 4,066 shares at $150.63 per share
Shares sold at $151.54: 5,659 shares at $151.54 per share
Shares sold at $152.53: 5,299 shares at $152.53 per share
+3 more
6 metrics
Shares sold at $150.63
4,066 shares at $150.63 per share
Open-market sale of Common Stock on August 13, 2026 (weighted average, $150.00–$151.00 range)
Shares sold at $151.54
5,659 shares at $151.54 per share
Open-market sale of Common Stock on August 13, 2026 (weighted average, $151.01–$151.98 range)
Shares sold at $152.53
5,299 shares at $152.53 per share
Open-market sale of Common Stock on August 13, 2026 (weighted average, $152.02–$153.00 range)
Shares sold at $153.06
83 shares at $153.06 per share
Open-market sale of Common Stock on August 13, 2026 (weighted average, $153.04–$153.08 range)
Total shares sold
15,107 shares
Aggregate reported sales of Paylocity Common Stock on August 13, 2026
Indirectly held shares
3,916,476 shares
Common Stock held indirectly by Jessica P. Sarowitz Declaration of Trust
Key Terms
Rule 10b5-1 Plan, weighted average price, Declaration of Trust
3 terms
Rule 10b5-1 Plan regulatory
"The transaction indicated was conducted under an approved 10b5-1 Plan"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
weighted average price financial
"The price reported in Column 4 is 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 financial
"By 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Steven I. Sarowitz report for PCTY on August 13, 2026?
Steven I. Sarowitz reported four open-market sales totaling 15,107 shares of Paylocity Common Stock on August 13, 2026. The reported weighted average sale prices ranged from about $150 to $153 per share, across multiple individual trades within narrower price bands.
Were Steven I. Sarowitz’s August 13, 2026 PCTY stock sales under a Rule 10b5-1 plan?
Yes. A footnote states the transactions were conducted under an approved Rule 10b5-1 Plan adopted by Steven I. Sarowitz on December 15, 2025. The filing’s 10b5-1 checkbox is also marked as affirming use of such a trading plan for these sales.
Does the Form 4 disclose detailed price breakdowns for each PCTY sale by Steven I. Sarowitz?
The Form 4 reports weighted average prices for each transaction and states shares were sold in multiple trades within specified price ranges. It also notes that full information on shares sold at each individual price is available upon request from the reporting person or Paylocity.
AI-generated analysis. How Rhea-AI works. Not financial advice.
