Paylocity (NASDAQ: PCTY) insider sale under 10b5-1 plan
Rhea-AI Filing Summary
Paylocity Holding Corp (PCTY) reported that director and ten percent owner Steven I. Sarowitz sold a total of 8,539 shares of common stock on August 19, 2026 in open-market transactions under a Rule 10b5-1 trading plan. The sales included 8,531 shares at a weighted average price with individual prices from $150.00 to $150.98, and 8 shares at $151.06 per share. Following these transactions, an entity described as the Jessica P. Sarowitz Declaration of Trust held 3,916,476 shares of Paylocity common stock indirectly.
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Insights
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Insider Trade Summary 10b5-1
Net Seller: 8,539 shares
Net Sell
3 txns
Insider
Sarowitz Steven I
Role
Director, 10% Owner
Sold
8,539 shs ($1.28M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 F1, F2 | 8,531 | $150.20 | $1.28M |
| Sale | Common Stock, par value $0.001 F1 | 8 | $151.06 | $1K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 4,480,055 shares (Direct);
Common Stock, par value $0.001 — 3,916,476 shares (Indirect, By Jessica P. Sarowitz Declaration of Trust)
Footnotes (2)
- 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 $150.98, 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 footnote 2 of this Form 4.
Key Figures
Shares sold (block 1): 8,531 shares
Weighted average price range (block 1): $150.00–$150.98 per share
Shares sold (block 2): 8 shares
+3 more
6 metrics
Shares sold (block 1)
8,531 shares
Open-market sale of common stock on August 19, 2026
Weighted average price range (block 1)
$150.00–$150.98 per share
Price range for 8,531 shares sold on August 19, 2026
Shares sold (block 2)
8 shares
Additional sale of common stock on August 19, 2026
Sale price (block 2)
$151.06 per share
Per-share price for 8 shares sold on August 19, 2026
Total shares sold
8,539 shares
Net shares sold across reported transactions on August 19, 2026
Indirect holdings after transactions
3,916,476 shares
Common stock held indirectly by Jessica P. Sarowitz Declaration of Trust
Key Terms
Rule 10b5-1 Plan, weighted average price, indirect, Declaration of Trust
4 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.
indirect financial
"ownership_type" : "indirect" for holdings by a trust"
Declaration of Trust financial
"nature_of_ownership" : "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
What insider transaction did PCTY disclose for Steven I. Sarowitz?
PCTY disclosed that Steven I. Sarowitz, a director and ten percent owner, sold a total of 8,539 shares of Paylocity common stock on August 19, 2026 in open-market transactions reported on a Form 4.
What type of security did Steven I. Sarowitz trade in this PCTY Form 4?
All reported transactions involve Common Stock, par value $0.001, of Paylocity Holding Corp, with two sale transactions and one line showing indirect common stock holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
