Paylocity director Sarowitz sells 11,136 shares
Paylocity Holding Corp director and 10% owner Steven I. Sarowitz reported selling a total of 11,136 shares of common stock on August 6, 2026 in two open-market transactions at weighted average prices of $150.35 and $151.32 per share.
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Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp director and 10% owner Steven I. Sarowitz reported selling a total of 11,136 shares of common stock on August 6, 2026 in two open-market transactions at weighted average prices of $150.35 and $151.32 per share. The sales were conducted pursuant to a Rule 10b5-1 trading plan adopted on December 15, 2025, with execution prices occurring across specified ranges. After these transactions, 3,916,476 shares are reported as indirectly held through the Jessica P. Sarowitz Declaration of Trust.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 11,136 shares
Net Sell
3 txns
Insider
Sarowitz Steven I
Role
Director, 10% Owner
Sold
11,136 shs ($1.68M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 F1, F2 | 5,824 | $150.35 | $876K |
| Sale | Common Stock, par value $0.001 F1, F3 | 5,312 | $151.32 | $804K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 4,535,052 shares (Direct);
Common Stock, par value $0.001 — 3,916,476 shares (Indirect, By Jessica P. Sarowitz Declaration of Trust)
Footnotes (3)
- 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 $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 this footnote.
- F3. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $151.01 to $151.55, 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 this footnote.
Key Figures
Total shares sold: 11,136 shares
First sale weighted average price: $150.35 per share
Second sale weighted average price: $151.32 per share
+2 more
5 metrics
Total shares sold
11,136 shares
Aggregate common shares sold by Steven I. Sarowitz on August 6, 2026
First sale weighted average price
$150.35 per share
5,824-share sale on August 6, 2026; trades ranged from $150.00 to $151.00
Second sale weighted average price
$151.32 per share
5,312-share sale on August 6, 2026; trades ranged from $151.01 to $151.55
Indirect holdings after transactions
3,916,476 shares
Common stock held indirectly via Jessica P. Sarowitz Declaration of Trust
Rule 10b5-1 plan adoption date
December 15, 2025
Date Sarowitz adopted the trading plan used for these sales
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 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. The shares were sold"
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
"total_shares_following_transaction 3,916,476.0000, ownership_type indirect"
Declaration of Trust regulatory
"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 did Paylocity (PCTY) insider Steven I. Sarowitz report in this Form 4?
Steven I. Sarowitz reported selling 11,136 shares of Paylocity common stock on August 6, 2026 in two open-market transactions under a pre-established Rule 10b5-1 trading plan.
Was the Paylocity (PCTY) insider sale made under a Rule 10b5-1 plan?
Yes. The filing states the transactions were conducted under an approved Rule 10b5-1 Plan adopted by Steven I. Sarowitz on December 15, 2025, indicating they were pre-arranged.
What do the weighted average prices mean in this Paylocity (PCTY) Form 4?
The filing explains that the reported prices are weighted average prices, with shares sold in multiple trades within ranges of $150.00–$151.00 and $151.01–$151.55, respectively.
AI-generated analysis. How Rhea-AI works. Not financial advice.
