Director and 10% owner Steven I. Sarowitz filed a Form 4 with the SEC on November 3, 2026, reporting the sale of 6,374 shares of Paylocity Holding Corp common stock on October 30, 2026, under a Rule 10b5-1 plan.

Key Highlights

  • Three tranches sold: Sarowitz disposed of 2,050 shares at a weighted average price of $170.22, 4,124 shares at $171.47, and 200 shares at $172.36, all on October 30, 2026.
  • 10b5-1 plan: According to the filing, the transactions were conducted under an approved 10b5-1 plan adopted by Sarowitz on December 15, 2025.
  • Direct holdings after sales: Following the reported transactions, Sarowitz directly held 4,348,395 shares of common stock, par value $0.001.
  • Indirect holdings: The filing also reports 3,916,476 shares held indirectly by the Jessica P. Sarowitz Declaration of Trust.
  • Dual role: The reporting person is identified as both a Director and a 10% Owner of Paylocity Holding Corp (NASDAQ:PCTY).
  • Weighted average prices: The $170.22 tranche covered individual transaction prices ranging from $170.00 to $170.75; the $171.47 tranche ranged from $171.02 to $172.01; and the $172.36 tranche ranged from $172.35 to $172.37.

Sarowitz's October 30 Share Sales at Paylocity Holding Corp

According to the Form 4 filed on November 3, 2026, Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp, sold a combined 6,374 shares of common stock (par value $0.001) on October 30, 2026. The filing identifies NASDAQ:PCTY as the issuer. The sales were executed across three separate tranches, with the reporting person disclosing that each reported price represents a weighted average of multiple individual transactions within a stated range.

The filing states that all three transactions were made pursuant to a Rule 10b5-1 plan that Sarowitz adopted on December 15, 2025. The filing 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" cited in each footnote.

After the three disposals, Sarowitz's directly held position stood at 4,348,395 shares, according to the filing. An additional 3,916,476 shares are reported as indirectly beneficially owned through the Jessica P. Sarowitz Declaration of Trust. The Form 4 was signed by Kris Kang as attorney-in-fact for Steven I. Sarowitz on November 3, 2026.

What Was Disclosed

Sarowitz filed a Form 4 disclosing the sale of 6,374 Paylocity Holding Corp shares on October 30, 2026, across three price tranches under a pre-established 10b5-1 plan, with direct beneficial ownership of 4,348,395 shares remaining after the transactions.