Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp (NASDAQ: PCTY), filed a Form 4 on August 10, 2026, disclosing the sale of 11,136 shares of common stock on August 6, 2026, under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • First sale: 5,824 shares disposed of at a weighted average price of $150.35, with individual transactions ranging from $150.00 to $151.00.
  • Second sale: 5,312 shares disposed of at a weighted average price of $151.32, with individual transactions ranging from $151.01 to $151.55.
  • 10b5-1 plan: Both transactions were conducted under a plan adopted by Sarowitz on December 15, 2025.
  • Direct ownership after transactions: 4,535,052 shares of common stock held directly following the reported sales.
  • Indirect ownership: 3,916,476 shares held indirectly by the Jessica P. Sarowitz Declaration of Trust.
  • Roles: The filing identifies Sarowitz as both a Director and a 10% Owner of Paylocity Holding Corp.

Sarowitz's August 2026 Share Sales at Paylocity Holding Corp

According to the filing, Steven I. Sarowitz sold a combined 11,136 shares of Paylocity Holding Corp common stock (par value $0.001) on August 6, 2026. The first transaction involved 5,824 shares disposed of at a weighted average price of $150.35 per share. The filing notes that those shares were sold in multiple transactions at prices ranging from $150.00 to $151.00, inclusive, and that full information on shares sold at each separate price is available upon request.

The second transaction on the same date covered 5,312 shares at a weighted average price of $151.32 per share, with individual sale prices ranging from $151.01 to $151.55, inclusive, also in multiple transactions. The filing states that both disposals were conducted under "an approved 10b5-1 Plan adopted by the reporting person on December 15, 2025," satisfying the affirmative defense conditions of Rule 10b5-1(c).

Following the two transactions, the filing reports Sarowitz's direct beneficial ownership at 4,535,052 shares. In addition, the filing discloses 3,916,476 shares held indirectly through the Jessica P. Sarowitz Declaration of Trust. The Form 4 was signed by Kris Kang as attorney-in-fact to Steven I. Sarowitz and filed on August 10, 2026.

What Was Disclosed

The filing reports two open-market sales of Paylocity common stock by director and 10% owner Steven I. Sarowitz on August 6, 2026, totaling 11,136 shares, both executed under a 10b5-1 plan established in December 2025.