Paylocity insider Sarowitz sells 32,972 shares
Paylocity Holding Corp director and more-than-10% owner Steven I. Sarowitz reported multiple open-market sales of Paylocity common stock on August 7, 2026, totaling 32,972 shares at weighted average prices between $150.73 and $155.81 per share.
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Form Type
4
Rhea-AI Filing Summary
Paylocity Holding Corp director and more-than-10% owner Steven I. Sarowitz reported multiple open-market sales of Paylocity common stock on August 7, 2026, totaling 32,972 shares at weighted average prices between $150.73 and $155.81 per share. These transactions were conducted pursuant to an approved Rule 10b5-1 trading plan adopted on December 15, 2025. Following these sales, an affiliated trust continues to hold 3,916,476 shares indirectly.
Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 32,972 shares
Net Sell
7 txns
Insider
Sarowitz Steven I
Role
Director, 10% Owner
Sold
32,972 shs ($5.03M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.001 F1, F2 | 13,450 | $150.73 | $2.03M |
| Sale | Common Stock, par value $0.001 F1, F3 | 954 | $151.90 | $145K |
| Sale | Common Stock, par value $0.001 F1, F4 | 5,192 | $152.91 | $794K |
| Sale | Common Stock, par value $0.001 F1, F5 | 10,219 | $153.77 | $1.57M |
| Sale | Common Stock, par value $0.001 F1, F6 | 2,128 | $154.92 | $330K |
| Sale | Common Stock, par value $0.001 F1, F7 | 1,029 | $155.81 | $160K |
| holding | Common Stock, par value $0.001 | -- | -- | -- |
Holdings After Transaction:
Common Stock, par value $0.001 — 4,502,080 shares (Direct);
Common Stock, par value $0.001 — 3,916,476 shares (Indirect, By Jessica P. Sarowitz Declaration of Trust)
Footnotes (7)
- 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 $150.38 to $151.38, 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, 6 and 7 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 $151.39 to $152.39, inclusive.
- F4. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $152.40 to $153.29, inclusive.
- F5. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $153.44 to $154.39, inclusive.
- F6. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $154.53 to $155.48, inclusive.
- F7. The price reported in Column 4 is a weighted average price. The shares were sold in multiple transactions at prices ranging from $155.54 to $155.96, inclusive.
Key Figures
Total shares sold: 32,972 shares
Sale price (block 1): $150.73 per share
Sale price (block 2): $151.90 per share
+5 more
8 metrics
Total shares sold
32,972 shares
Aggregate common stock sales on August 7, 2026 reported in the Form 4
Sale price (block 1)
$150.73 per share
Weighted average price for 13,450-share sale of common stock
Sale price (block 2)
$151.90 per share
Weighted average price for 954-share sale of common stock
Sale price (block 3)
$152.91 per share
Weighted average price for 5,192-share sale of common stock
Sale price (block 4)
$153.77 per share
Weighted average price for 10,219-share sale of common stock
Sale price (block 5)
$154.92 per share
Weighted average price for 2,128-share sale of common stock
Sale price (block 6)
$155.81 per share
Weighted average price for 1,029-share sale of common stock
Indirect holdings via trust
3,916,476 shares
Common stock held indirectly by Jessica P. Sarowitz Declaration of Trust
Key Terms
Rule 10b5-1 Plan, weighted average price, Declaration of Trust, more-than-10% owner
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..."
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 financial
"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.
more-than-10% owner regulatory
"reporting person is marked as a director and ten percent owner"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Steven I. Sarowitz report for Paylocity (PCTY)?
Steven I. Sarowitz reported six open-market sales of Paylocity common stock on August 7, 2026, totaling 32,972 shares. The trades occurred at weighted average prices between $150.73 and $155.81 per share, according to the Form 4 filing.
Were the recent PCTY insider sales by Steven I. Sarowitz under a 10b5-1 plan?
Yes. The Form 4 states the transactions were conducted under an approved Rule 10b5-1 Plan adopted by Steven I. Sarowitz on December 15, 2025. Such pre-arranged plans automate trades under preset conditions rather than discretionary timing.
What Paylocity (PCTY) holdings remain associated with Steven I. Sarowitz after these sales?
The Form 4 reports 3,916,476 shares of Paylocity common stock held indirectly through the Jessica P. Sarowitz Declaration of Trust. This entry reflects an indirect ownership position; it is separate from the directly traded shares reported as sales.
Do the Paylocity (PCTY) insider sales disclose detailed price ranges for the trades?
Yes. Each sale’s weighted average price is provided, with footnotes stating the shares were sold in multiple transactions within specific ranges, such as $150.38 to $151.38 for one sale block and progressively higher bands for others.
AI-generated analysis. How Rhea-AI works. Not financial advice.
