Director and 10% owner Steven I. Sarowitz filed a Form 4 with the SEC on October 29, 2026, reporting the sale of 100 shares of Paylocity Holding Corp common stock on October 28, 2026, under a Rule 10b5-1 trading plan.

Key Highlights

  • Transaction: Sarowitz disposed of 100 shares of Paylocity Holding Corp common stock on October 28, 2026, under transaction code S (sale).
  • Price: The weighted average sale price was $170.23 per share, with individual transactions ranging from $170.08 to $170.31, inclusive.
  • 10b5-1 Plan: The sale was conducted under an approved 10b5-1 plan adopted by Sarowitz on December 15, 2025.
  • Direct holdings after transaction: Sarowitz directly holds 4,354,769 shares of common stock following the reported sale.
  • Indirect holdings: An additional 3,916,476 shares are held indirectly by Sarowitz through the Jessica P. Sarowitz Declaration of Trust.
  • Roles: The filing identifies Sarowitz as both a Director and a 10% owner of Paylocity Holding Corp (NASDAQ:PCTY).

Sarowitz 10b5-1 Sale Details and Beneficial Ownership at Paylocity

According to the Form 4 filed on October 29, 2026, Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp (NASDAQ:PCTY), sold 100 shares of the company's common stock (par value $0.001) on October 28, 2026. The filing states the transaction was executed pursuant to a Rule 10b5-1 plan that Sarowitz adopted on December 15, 2025, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

The filing reports the sale price as a weighted average of $170.23 per share. The shares were sold across multiple transactions at prices ranging from $170.08 to $170.31, inclusive. The filing notes that Sarowitz undertakes to provide full information regarding the number of shares sold at each separate price within that range to Paylocity Holding Corporation, any security holder, or the SEC upon request.

Following the reported transaction, Sarowitz directly beneficially owns 4,354,769 shares of Paylocity common stock. In addition, the filing discloses indirect beneficial ownership of 3,916,476 shares held through the Jessica P. Sarowitz Declaration of Trust. The Form 4 was signed by Kris Kang as attorney-in-fact to Steven I. Sarowitz on October 29, 2026. No derivative securities transactions were reported in this filing.

What Was Disclosed

The filing disclosed a sale of 100 shares of Paylocity Holding Corp common stock by director and 10% owner Steven I. Sarowitz on October 28, 2026, at a weighted average price of $170.23, executed under a pre-established 10b5-1 plan adopted December 15, 2025.