Director and 10% owner Steven I. Sarowitz filed a Form 4 with the SEC on October 28, 2026, disclosing the sale of 8,900 shares of Paylocity Holding Corp common stock on October 27, 2026, under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Steven I. Sarowitz, identified as a Director and 10% Owner of Paylocity Holding Corp (NASDAQ:PCTY).
  • Total shares sold: 8,900 shares of Common Stock, par value $0.001, disposed of on October 27, 2026, across five separate transactions.
  • Price range: Weighted average sale prices ranged from $170.44 to $175.22 per share across the five transaction tranches.
  • 10b5-1 plan: All sales were conducted under a Rule 10b5-1 plan adopted by Sarowitz on December 15, 2025.
  • Direct beneficial ownership following sales: 4,354,869 shares held directly after all reported transactions.
  • Indirect holdings: An additional 3,916,476 shares held indirectly by the Jessica P. Sarowitz Declaration of Trust.

Details of Sarowitz's October 27 Paylocity Share Sales

According to the filing, Sarowitz disposed of shares in five separate tranches on October 27, 2026. The first tranche covered 4,500 shares at a weighted average price of $170.44, with individual transaction prices ranging from $170.00 to $170.92. The second tranche involved 2,600 shares at a weighted average of $171.69, with prices ranging from $171.16 to $172.16. A third tranche of 1,200 shares was sold at a weighted average of $172.50, with prices ranging from $172.17 to $173.06.

The filing further disclosed a fourth tranche of 500 shares at a weighted average of $173.54, with prices ranging from $173.21 to $174.13, and a fifth tranche of 100 shares at $175.22. The filing notes that the weighted average prices are reported in Column 4, and 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."

After all five sales, the filing reports Sarowitz's direct beneficial ownership at 4,354,869 shares. An additional 3,916,476 shares are reported as indirectly held through the Jessica P. Sarowitz Declaration of Trust. The filing states that all transactions were conducted pursuant to a 10b5-1 plan adopted on December 15, 2025. The Form 4 was signed by Kris Kang as attorney-in-fact for Steven I. Sarowitz on October 28, 2026.

What Was Disclosed

Sarowitz's Form 4 disclosed five open-market sales of Paylocity Holding Corp common stock totaling 8,900 shares on October 27, 2026, all executed under a pre-established 10b5-1 plan, with direct holdings of 4,354,869 shares remaining after the transactions.