Paylocity director Steven I. Sarowitz sells 6,374 shares
The director's reported sales were conducted under an approved 10b5-1 Plan adopted on December 15, 2025.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp director and ten percent owner Steven I. Sarowitz reported three direct sales totaling 6,374 shares on October 30, 2026, at weighted average prices of $170.22, $171.47 and $172.36 per share. The sales were under an approved 10b5-1 Plan adopted by Sarowitz on December 15, 2025. The record also lists 3,916,476 shares held indirectly by Jessica P. Sarowitz Declaration of Trust as of October 30, 2026.
Insider Trade Summary 10b5-1
Net Seller: 6,374 shares
Net Sell
3 txns
Insider
Sarowitz Steven I
Role
Director, 10% Owner
Sold
6,374 shs ($1.09M)
Share of Position Sold
0.15%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 F1, F2 | 2,050 | $170.22 | $349K |
| Sale | Common Stock, par value $0.001 F1, F3 | 4,124 | $171.47 | $707K |
| Sale | Common Stock, par value $0.001 F1, F4 | 200 | $172.36 | $34K |
| Holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 4,348,395 shares (Direct);
Common Stock, par value $0.001 — 3,916,476 shares (Indirect, By Jessica P. Sarowitz Declaration of Trust)
Holdings Before and After:
Common Stock, par value $0.001, 4,354,769 to 4,348,395 shares (Direct)
Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.
Footnotes (4)
- 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 $170.00 to $170.75, 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, 3 and 4 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 $171.02 to $172.01, inclusive.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $172.35 to $172.37, inclusive.
Key Figures
Shares sold: 6,374 shares
Shares in first sale: 2,050 shares
Weighted average price in first sale: $170.22 per share
+5 more
8 metrics
Shares sold
6,374 shares
Three direct sales on October 30, 2026
Shares in first sale
2,050 shares
October 30, 2026
Weighted average price in first sale
$170.22 per share
October 30, 2026
Shares in second sale
4,124 shares
October 30, 2026
Weighted average price in second sale
$171.47 per share
October 30, 2026
Shares in third sale
200 shares
October 30, 2026
Weighted average price in third sale
$172.36 per share
October 30, 2026
Indirect shares held by Jessica P. Sarowitz Declaration of Trust
3,916,476 shares
As of October 30, 2026
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the PCTY sale price ranges?
The 2,050-share sale averaged $170.22, with trades from $170.00 to $170.75, inclusive; the 4,124-share sale averaged $171.47, within $171.02 to $172.01, inclusive; and the 200-share sale averaged $172.36, within $172.35 to $172.37, inclusive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
