Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp, filed a Form 4 on October 26, 2026, reporting the sale of 20,926 shares of common stock across two trading days under a pre-approved Rule 10b5-1 plan.

Key Highlights

  • Sales dates: Sarowitz disposed of shares on October 22 and October 23, 2026.
  • Total shares sold: 8,080 shares on October 22 and 12,846 shares across two transactions on October 23, for a combined 20,926 shares.
  • Sale prices: $176.57 per share on October 22; weighted average prices of $176.78 (range: $176.17 to $177.17) and $177.27 (range: $177.18 to $177.43) on October 23.
  • Remaining direct ownership: 4,377,469 shares of common stock held directly following the reported transactions.
  • Indirect ownership: 3,916,476 shares held indirectly by the Jessica P. Sarowitz Declaration of Trust.
  • 10b5-1 plan: All transactions were conducted under a plan adopted by Sarowitz on December 15, 2025, according to the filing.

Sarowitz's Three-Transaction Sale of Paylocity Common Stock

According to the filing, Sarowitz reported three separate dispositions of Paylocity Holding Corp (NASDAQ:PCTY) common stock, par value $0.001, executed on October 22 and October 23, 2026. On October 22, 8,080 shares were sold at $176.57 per share, reducing his direct holdings to 4,390,315 shares. The following day, two additional sales were recorded: 10,398 shares at a weighted average price of $176.78, and 2,448 shares at a weighted average price of $177.27.

The filing notes that the October 23 prices are weighted averages. For the 10,398-share transaction, individual sale prices ranged from $176.17 to $177.17, inclusive. For the 2,448-share transaction, prices ranged from $177.18 to $177.43, inclusive. The filing states that Sarowitz undertakes to provide full information regarding the number of shares sold at each separate price within those ranges upon request by Paylocity Holding Corporation, any security holder, or the Securities and Exchange Commission.

All three transactions were conducted under a Rule 10b5-1 plan that Sarowitz adopted on December 15, 2025, as disclosed in the filing's explanation of responses. Following all reported sales, Sarowitz held 4,377,469 shares directly and 3,916,476 shares 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 on October 26, 2026.

What Was Disclosed

The Form 4 discloses three sales of Paylocity common stock by director and 10% owner Steven I. Sarowitz totaling 20,926 shares on October 22-23, 2026, all executed under a 10b5-1 plan adopted December 15, 2025, with direct beneficial ownership of 4,377,469 shares remaining.