Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp (NASDAQ:PCTY), filed a Form 4 on August 17, 2026, reporting the sale of 15,107 shares of common stock on August 13, 2026, under a pre-established 10b5-1 trading plan.

Key Highlights

  • Shares sold: Sarowitz disposed of a total of 15,107 shares of Paylocity common stock (par value $0.001) across four transaction tranches on August 13, 2026.
  • Price ranges: Sales occurred in four price bands: $150.00-$151.00, $151.01-$151.98, $152.02-$153.00, and $153.04-$153.08, with weighted average prices of $150.63, $151.54, $152.53, and $153.06 per share, respectively.
  • 10b5-1 plan: According to the filing, all transactions were conducted under a 10b5-1 plan adopted by Sarowitz on December 15, 2025.
  • Direct ownership after sales: Sarowitz directly held 4,486,973 shares of common stock following the reported transactions.
  • Indirect ownership: An additional 3,916,476 shares are held indirectly by Sarowitz through the Jessica P. Sarowitz Declaration of Trust, according to the filing.
  • Reporting person roles: The filing identifies Sarowitz as both a Director and a 10% Owner of Paylocity Holding Corp.

Sarowitz's August 2026 Share Sales at Paylocity: Transaction Details

According to the Form 4 filed with the SEC on August 17, 2026, Steven I. Sarowitz sold Paylocity common stock in four separate tranches on August 13, 2026. The first tranche involved 4,066 shares at a weighted average price of $150.63, with individual sales ranging from $150.00 to $151.00. The second tranche covered 5,659 shares at a weighted average of $151.54, with prices ranging from $151.01 to $151.98. The third tranche consisted of 5,299 shares at a weighted average of $152.53, within a range of $152.02 to $153.00. The fourth tranche was 83 shares at a weighted average of $153.06, with prices between $153.04 and $153.08.

The filing notes that each reported price in the transaction table is a weighted average, 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." All four disposals carried transaction code "S" and are attributed to a 10b5-1 plan Sarowitz adopted on December 15, 2025.

Following the four sales, the filing reports Sarowitz's direct beneficial ownership at 4,486,973 shares. Separately, 3,916,476 shares are reported as indirectly held through the Jessica P. Sarowitz Declaration of Trust. The Form 4 was signed by Kris Kang as attorney-in-fact for Steven I. Sarowitz and dated August 17, 2026.

What Was Disclosed

Sarowitz, a director and 10% owner of Paylocity Holding Corp, disclosed the sale of 15,107 shares of common stock on August 13, 2026, under a pre-established 10b5-1 plan, leaving him with 4,486,973 directly held shares and 3,916,476 indirectly held shares.