Director and 10% owner Steven I. Sarowitz filed a Form 4 with the SEC on October 27, 2026, reporting the sale of 13,700 shares of Paylocity Holding Corp common stock on October 26, 2026, under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Four separate sale tranches: Sarowitz disposed of 2,283 shares at a weighted average price of $174.90, 5,117 shares at $175.75, 5,300 shares at $176.50, and 1,000 shares at $177.81, all on October 26, 2026.
  • 10b5-1 plan: According to the filing, all transactions were conducted under an approved 10b5-1 plan adopted by the reporting person on December 15, 2025.
  • Remaining direct holdings: Following the reported transactions, Sarowitz directly beneficially owned 4,363,769 shares of common stock.
  • Indirect holdings: The filing also reports 3,916,476 shares held indirectly by Jessica P. Sarowitz Declaration of Trust.
  • Dual role: Sarowitz is identified in the filing as both a Director and a 10% Owner of Paylocity Holding Corp (NASDAQ:PCTY).
  • Weighted average prices: Each reported price reflects multiple transactions within stated ranges, from $174.22 at the low end to $178.15 at the high end across all four tranches.

Sarowitz's October 26 Sales Across Four Price Tranches

Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp (NASDAQ:PCTY), reported four dispositions of common stock, par value $0.001, all occurring on October 26, 2026. The first tranche involved 2,283 shares at a weighted average price of $174.90, with individual transaction prices ranging from $174.22 to $175.21. The second tranche covered 5,117 shares at a weighted average of $175.75, with prices ranging from $175.23 to $176.23.

The third tranche consisted of 5,300 shares at a weighted average price of $176.50, with individual prices ranging from $176.26 to $177.14. The fourth and final tranche was 1,000 shares at a weighted average of $177.81, with prices ranging from $177.31 to $178.15. The filing notes that 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."

After all four dispositions, Sarowitz's direct beneficial ownership stood at 4,363,769 shares. The filing separately lists 3,916,476 shares held indirectly through the Jessica P. Sarowitz Declaration of Trust. No derivative securities transactions were reported. The Form 4 was signed by Kris Kang as attorney-in-fact to Steven I. Sarowitz on October 27, 2026.

What Was Disclosed

The filing discloses four sale transactions totaling 13,700 shares of Paylocity Holding Corp common stock by director and 10% owner Steven I. Sarowitz on October 26, 2026, all executed under a Rule 10b5-1 plan adopted December 15, 2025.