Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp (NASDAQ:PCTY), filed a Form 4 on August 21, 2026, disclosing the sale of 6,660 shares of common stock on August 20, 2026, under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Shares sold: Sarowitz disposed of a total of 6,660 shares of Paylocity common stock (par value $0.001) across five separate transactions on August 20, 2026.
  • Price range: Sales were executed at weighted average prices ranging from $150.63 to $154.13 per share, with individual transaction prices spanning $150.00 to $154.13.
  • Post-transaction direct ownership: Following the sales, Sarowitz directly held 4,473,395 shares of common stock.
  • Indirect holdings: Sarowitz also holds 3,916,476 shares indirectly through the Jessica P. Sarowitz Declaration of Trust.
  • 10b5-1 plan: All transactions were conducted under a Rule 10b5-1 plan adopted by Sarowitz on December 15, 2025.
  • Reporting person role: Sarowitz is identified in the filing as both a director and a 10% owner of Paylocity Holding Corp.

Sarowitz's August 2026 Share Sales Across Five Price Tranches

According to the filing, Sarowitz sold shares in five distinct tranches on August 20, 2026. The transactions and their weighted average prices, as reported, were: 1,399 shares at $150.63, 635 shares at $151.44, 2,513 shares at $152.81, 2,092 shares at $153.42, and 21 shares at $154.13. The filing notes that each reported price is a weighted average, and that the underlying individual transaction prices ranged from $150.00 to $154.13 across all five tranches.

The filing states that all five sales were conducted pursuant to a 10b5-1 plan adopted by Sarowitz on December 15, 2025. The filing further notes that Sarowitz "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" disclosed in the footnotes.

After the reported transactions, Sarowitz's direct beneficial ownership stood at 4,473,395 shares. An additional 3,916,476 shares are held indirectly through the Jessica P. Sarowitz Declaration of Trust, according to the filing. The Form 4 was signed by Kris Kang as attorney-in-fact for Steven I. Sarowitz and filed on August 21, 2026.

What Was Disclosed

The filing discloses five open-market sales of Paylocity common stock by director and 10% owner Steven I. Sarowitz on August 20, 2026, totaling 6,660 shares, all executed under a pre-established Rule 10b5-1 plan adopted December 15, 2025.