Paylocity director sells 8,539 shares at ~$150

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.

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.

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)

1. F1. The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 15, 2025.
2. 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

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

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.

At what prices did Steven I. Sarowitz sell PCTY shares?

On August 19, 2026, Steven I. Sarowitz sold 8,531 shares at a weighted average price with individual trade prices between $150.00 and $150.98 per share, and an additional 8 shares at $151.06 per share.

How many PCTY shares were sold in total in this Form 4 filing?

The Form 4 reports that Steven I. Sarowitz sold a total of 8,539 shares of Paylocity common stock on August 19, 2026, all coded as open-market or private sale transactions.

Were the PCTY share sales by Steven I. Sarowitz 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, and the Form 4’s Rule 10b5-1 checkbox is affirmed.

How many PCTY shares are held indirectly after the reported transactions?

After the reported transactions, an indirect holding described as "By Jessica P. Sarowitz Declaration of Trust" held 3,916,476 shares of Paylocity common stock, as shown in the holdings line of the 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.

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Available on EDGAR 08/20/2026 - 04:07 PM Accepted by SEC EDGAR 08/20/2026 - 04:07 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

X

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sarowitz Steven I

(Last) (First) (Middle)

C/O 1400 AMERICAN LANE

(Street)

SCHAUMBURG ILLINOIS 60173

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Paylocity Holding Corp [ PCTY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/19/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.001	08/19/2026		S		8,531(1)	D	$150.2(2)	4,480,063	D
Common Stock, par value $0.001	08/19/2026		S		8(1)	D	$151.06	4,480,055	D
Common Stock, par value $0.001								3,916,476	I	By Jessica P. Sarowitz Declaration of Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The transaction indicated was conducted under an approved 10b5-1 Plan adopted by the reporting person on December 15, 2025.

2. 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.

Remarks:

	/s/ Kris Kang, attorney-in-fact to Steven I. Sarowitz	08/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)