Paylocity director Sarowitz sells 5,500 shares
Footnotes list execution ranges of $165.00–$165.78, $166.01–$166.54, $167.35–$167.87 and $168.46–$168.60 for the four sale lots.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp director and 10% owner Steven I. Sarowitz sold 5,500 shares of common stock on October 16, 2026, across four reported lots. The transactions were conducted under an approved Rule 10b5-1 Plan adopted December 15, 2025. The reported weighted-average prices were $165.34, $166.20, $167.56 and $168.58 per share.
Insider Trade Summary 10b5-1
Net Seller: 5,500 shares
Net Sell
5 txns
Insider
Sarowitz Steven I
Role
Director, 10% Owner
Sold
5,500 shs ($913K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 F1, F2 | 1,868 | $165.34 | $309K |
| Sale | Common Stock, par value $0.001 F1, F3 | 3,132 | $166.20 | $521K |
| Sale | Common Stock, par value $0.001 F1, F4 | 397 | $167.56 | $67K |
| Sale | Common Stock, par value $0.001 F1, F5 | 103 | $168.58 | $17K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 4,425,201 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 $165.00 to $165.78, 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 $166.01 to $166.54, inclusive.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $167.35 to $167.87, inclusive.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $168.46 to $168.60, inclusive.
Key Figures
Shares sold and weighted-average price: 1,868 shares at $165.34 per share
Shares sold and weighted-average price: 3,132 shares at $166.20 per share
Shares sold and weighted-average price: 397 shares at $167.56 per share
+2 more
5 metrics
Shares sold and weighted-average price
1,868 shares at $165.34 per share
October 16, 2026; execution range $165.00 to $165.78
Shares sold and weighted-average price
3,132 shares at $166.20 per share
October 16, 2026; execution range $166.01 to $166.54
Shares sold and weighted-average price
397 shares at $167.56 per share
October 16, 2026; execution range $167.35 to $167.87
Shares sold and weighted-average price
103 shares at $168.58 per share
October 16, 2026; execution range $168.46 to $168.60
Indirect shares held through Jessica P. Sarowitz Declaration of Trust
3,916,476 shares
As of October 16, 2026
Key Terms
10b5-1 Plan, weighted average price, Declaration of Trust
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.
Declaration of Trust regulatory
"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 were the execution-price ranges for Steven I. Sarowitz’s PCTY sales?
The reported execution ranges were $165.00 to $165.78 for 1,868 shares, $166.01 to $166.54 for 3,132 shares, $167.35 to $167.87 for 397 shares and $168.46 to $168.60 for 103 shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
