Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp (NASDAQ:PCTY), filed a Form 4 on August 11, 2026, disclosing the sale of 32,972 shares of common stock on August 7, 2026, under a pre-established Rule 10b5-1 trading plan.

Key Highlights

  • Total shares sold: 32,972 shares of Paylocity common stock (par value $0.001) disposed of on August 7, 2026.
  • Price range: Shares were sold across six tranches at weighted average prices ranging from $150.73 to $155.81, with individual transaction prices spanning $150.38 to $155.96.
  • 10b5-1 plan: All sales were conducted under a plan adopted by Sarowitz on December 15, 2025, according to the filing.
  • Remaining direct ownership: Following the transactions, Sarowitz directly held 4,502,080 shares of common stock.
  • Indirect ownership: Sarowitz also holds 3,916,476 shares indirectly through the Jessica P. Sarowitz Declaration of Trust, per the filing.
  • Roles: The filing identifies Sarowitz as both a director and a 10% owner of Paylocity Holding Corp.

Sarowitz's Six-Tranche Sale Under Rule 10b5-1 Plan

According to the Form 4 filed with the SEC, Steven I. Sarowitz sold a combined 32,972 shares of Paylocity Holding Corp common stock on August 7, 2026. The sales occurred in six separate tranches, each at a different weighted average price. The filing notes that all reported prices are weighted averages and that shares within each tranche were sold across multiple transactions at prices within stated ranges.

The six tranches, as disclosed, were: 13,450 shares at a weighted average of $150.73 (range $150.38 to $151.38); 954 shares at $151.90 (range $151.39 to $152.39); 5,192 shares at $152.91 (range $152.40 to $153.29); 10,219 shares at $153.77 (range $153.44 to $154.39); 2,128 shares at $154.92 (range $154.53 to $155.48); and 1,029 shares at $155.81 (range $155.54 to $155.96). The filing states that full information on the number of shares sold at each separate price within each range is available upon request to Paylocity Holding Corporation, any security holder, or the SEC.

All transactions are coded "S" (sale) and marked as disposed of (D) in the filing. The filing also indicates the box is checked confirming transactions were made pursuant to a contract, instruction, or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c), with the plan adopted on December 15, 2025. The Form 4 was signed by Kris Kang as attorney-in-fact for Steven I. Sarowitz on August 11, 2026.

What Was Disclosed

Sarowitz's Form 4 reports the disposal of 32,972 shares of Paylocity common stock on August 7, 2026, under a pre-approved 10b5-1 plan, leaving him with 4,502,080 shares held directly and 3,916,476 shares held indirectly through a trust.