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Paylocity (NASDAQ: PCTY) director sells 6,660 shares under 10b5-1 plan

Filing Impact
(Very High)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Paylocity Holding Corp (PCTY) insider Steven I. Sarowitz, a director and more than 10% owner, reported multiple sales of common stock on August 20, 2026. He sold an aggregate of 6,660 shares in open-market transactions at weighted average prices ranging from approximately $150.00 to $154.13 per share, across five separate price brackets. The filing states these transactions were conducted under an approved Rule 10b5-1 Plan adopted on December 15, 2025. Following these transactions, an indirect holding of 3,916,476 shares is reported as held through the Jessica P. Sarowitz Declaration of Trust.

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Insider Sarowitz Steven I
Role Director, 10% Owner
Sold 6,660 shs ($1.02M)
Type Security Shares Price Value
Sale Common Stock, par value $0.001 F1, F2 1,399 $150.63 $211K
Sale Common Stock, par value $0.001 F1, F3 635 $151.44 $96K
Sale Common Stock, par value $0.001 F1, F4 2,513 $152.81 $384K
Sale Common Stock, par value $0.001 F1, F5 2,092 $153.42 $321K
Sale Common Stock, par value $0.001 F1, F6 21 $154.13 $3K
holding Common Stock, par value $0.001 -- -- --
Holdings After Transaction: Common Stock, par value $0.001 — 4,473,395 shares (Direct); Common Stock, par value $0.001 — 3,916,476 shares (Indirect, By Jessica P. Sarowitz Declaration of Trust)
Footnotes (6)
  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 $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, 5 and 6 of this Form 4.
  3. F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.02 to $151.97, inclusive.
  4. F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $152.09 to $153.09, inclusive.
  5. F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $153.10 to $154.04, inclusive.
  6. F6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $154.12 to $154.13, inclusive.
Total shares sold 6,660 shares Aggregate common shares sold by Steven I. Sarowitz on August 20, 2026
Sale price (weighted average) $150.63 per share Weighted average price for 1,399 shares sold on August 20, 2026
Sale price (weighted average) $151.44 per share Weighted average price for 635 shares sold on August 20, 2026
Sale price (weighted average) $152.81 per share Weighted average price for 2,513 shares sold on August 20, 2026
Sale price (weighted average) $153.42 per share Weighted average price for 2,092 shares sold on August 20, 2026
Sale price (weighted average) $154.13 per share Weighted average price for 21 shares sold on August 20, 2026
Indirect shares held 3,916,476 shares Common stock held indirectly by Jessica P. Sarowitz Declaration of Trust after transactions
Rule 10b5-1 plan adoption date December 15, 2025 Date on which the reporting person adopted the 10b5-1 trading plan
Rule 10b5-1 Plan regulatory
"The transaction indicated was conducted under an approved 10b5-1 Plan adopted"
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", "nature_of_ownership": "By Jessica P. Sarowitz"
more than 10% owner regulatory
"is_ten_percent_owner": 1"

FAQ

What insider transactions did PCTY director Steven I. Sarowitz report on August 20, 2026?
Steven I. Sarowitz reported 5 open-market sales of Paylocity (PCTY) common stock on August 20, 2026, totaling 6,660 shares sold at weighted average prices between roughly $150.00 and $154.13 per share.

At what prices were the PCTY shares sold by Steven I. Sarowitz?
The reported sales used weighted average prices: $150.63, $151.44, $152.81, $153.42, and $154.13 per share, with underlying individual trades occurring in ranges from $150.00 up to $154.13, as detailed in the footnotes.

How many PCTY shares did Steven I. Sarowitz sell in total in this Form 4?
The Form 4 reports that Steven I. Sarowitz sold a total of 6,660 shares of Paylocity common stock in these transactions, based on the transactionSummary in the filing data.

Were Steven I. Sarowitz’s PCTY stock sales under a Rule 10b5-1 plan?
Yes. The filing indicates 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 10b5-1 checkbox is marked as affirmed.

What PCTY holdings are reported after the transactions by Steven I. Sarowitz?
After the reported sales, an indirect holding of 3,916,476 shares of Paylocity common stock is listed as held by Jessica P. Sarowitz Declaration of Trust, reflecting indirect ownership attributed in the Form 4.

Is the reported ownership of PCTY shares by Steven I. Sarowitz direct or indirect?
The sales reported in this Form 4 involve direct ownership of Paylocity common stock. A separate holding entry reports 3,916,476 shares held indirectly through the Jessica P. Sarowitz Declaration of Trust.

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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/20/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Stock, par value $0.00108/20/2026S1,399(1)D$150.63(2)4,478,656D
Common Stock, par value $0.00108/20/2026S635(1)D$151.44(3)4,478,021D
Common Stock, par value $0.00108/20/2026S2,513(1)D$152.81(4)4,475,508D
Common Stock, par value $0.00108/20/2026S2,092(1)D$153.42(5)4,473,416D
Common Stock, par value $0.00108/20/2026S21(1)D$154.13(6)4,473,395D
Common Stock, par value $0.0013,916,476IBy 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount 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 $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, 5 and 6 of this Form 4.
3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.02 to $151.97, inclusive.
4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $152.09 to $153.09, inclusive.
5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $153.10 to $154.04, inclusive.
6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $154.12 to $154.13, inclusive.
Remarks:
/s/ Kris Kang, attorney-in-fact to Steven I. Sarowitz08/21/2026
** Signature of Reporting PersonDate
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)

Source: View Original Filing on SEC EDGAR