Paylocity director Sarowitz sells 10,617 shares
The reported sales were conducted 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 sold 10,617 common shares on October 20, 2026, in four reported transactions at weighted-average prices of $168.76, $169.79, $170.48, and $171.37 per share. The sales were conducted under an approved Rule 10b5-1 plan adopted December 15, 2025. The reported indirect holding through Jessica P. Sarowitz Declaration of Trust was 3,916,476 shares.
Insider Trade Summary 10b5-1
Net Seller: 10,617 shares
Net Sell
5 txns
Insider
Sarowitz Steven I
Role
Director, 10% Owner
Sold
10,617 shs ($1.80M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 F1, F2 | 1,589 | $168.76 | $268K |
| Sale | Common Stock, par value $0.001 F1, F3 | 7,369 | $169.79 | $1.25M |
| Sale | Common Stock, par value $0.001 F1, F4 | 1,459 | $170.48 | $249K |
| Sale | Common Stock, par value $0.001 F1, F5 | 200 | $171.37 | $34K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 4,404,139 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 $168.19 to $169.18, 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 $169.22 to $170.21, inclusive.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $170.23 to $170.99, inclusive.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $171.34 to $171.41, inclusive.
Key Figures
Total shares sold: 10,617 shares
Shares sold; weighted-average price: 1,589 shares at $168.76 per share
Shares sold; weighted-average price: 7,369 shares at $169.79 per share
+3 more
6 metrics
Total shares sold
10,617 shares
October 20, 2026, across four reported transactions
Shares sold; weighted-average price
1,589 shares at $168.76 per share
October 20, 2026; transaction prices ranged from $168.19 to $169.18
Shares sold; weighted-average price
7,369 shares at $169.79 per share
October 20, 2026; transaction prices ranged from $169.22 to $170.21
Shares sold; weighted-average price
1,459 shares at $170.48 per share
October 20, 2026; transaction prices ranged from $170.23 to $170.99
Shares sold; weighted-average price
200 shares at $171.37 per share
October 20, 2026; transaction prices ranged from $171.34 to $171.41
Indirect shares held through Jessica P. Sarowitz Declaration of Trust
3,916,476 shares
Reported holding
Key Terms
10b5-1 Plan, weighted average price, par value
3 terms
10b5-1 Plan regulatory
"conducted under an approved 10b5-1 Plan"
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
"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.
par value financial
"Common Stock, par value $0.001"
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
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