Form 4: Paylocity Director Gifts 120,000 Shares
Insider Transaction Report
Steven I. Sarowitz, a Director and 10% owner of Paylocity Holding Corp, gifted 120,000 shares of common stock.
Summary
- Steven I. Sarowitz, a Director and 10% owner of Paylocity Holding Corp (PCTY), reported a disposition of common stock.
- On September 17, 2025, Sarowitz gifted 120,000 shares of common stock, par value $0.001, at a price of $0 per share.
- Following this transaction, Sarowitz directly beneficially owns 8,211,596 shares of common stock.
- An additional 251,068 shares are indirectly beneficially owned through the Jessica P. Sarowitz Declaration of Trust.
Sentiment
Score: 5
Explanation: The filing reports a gift of shares by a director and 10% owner, which is a neutral event for the company's operational performance or financial health. While it reduces direct insider holdings, it is not a sale for cash and often relates to personal financial planning.
Negatives
- Steven I. Sarowitz, a Director and 10% owner, disposed of 120,000 shares of common stock, reducing his direct beneficial ownership.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.
Industry Context
This insider transaction report is specific to Paylocity Holding Corp and its director's shareholdings, and does not provide information relevant to broader industry trends or competitor analysis.
Related Party Transactions
- 251,068 shares of common stock are indirectly beneficially owned by Steven I. Sarowitz through the Jessica P. Sarowitz Declaration of Trust.
Stakeholder Impact
- Shareholders: The direct beneficial ownership of a significant insider has decreased by 120,000 shares. However, these shares were gifted and may remain within a related entity, suggesting no immediate change in overall insider alignment. This transaction does not directly impact the company's operations or financial health.
Key Dates
| Date | Description |
|---|---|
| 09/17/2025 | Date of earliest transaction (gift of common stock by Steven I. Sarowitz). |
| 09/19/2025 | Date the Form 4 was signed by Steven I. Sarowitz's attorney-in-fact. |
Keywords
Paylocity, PCTY, Steven Sarowitz, Insider Transaction, Form 4, Stock Gift, Director, 10% Owner
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