SCHEDULE 13G/A: Paylocity Director Steven Sarowitz Maintains Significant 15.8% Stake

Steven Ira Sarowitz, a director of Paylocity Holding Corporation, has filed an Amendment No. 10 to Schedule 13G, disclosing continued beneficial ownership of 15.8% of the company's common stock as of December 31, 2024.

Summary

• Steven Ira Sarowitz, a director of Paylocity Holding Corporation, filed an Amendment No. 10 to Schedule 13G.
• As of December 31, 2024, Mr. Sarowitz beneficially owns an aggregate of 8,849,667 shares of Paylocity Holding Corporation's common stock.
• This ownership represents 15.8% of the company's outstanding common stock, based on 55,884,717 shares outstanding on December 31, 2024.
• Mr. Sarowitz holds sole voting and dispositive power over 8,329,667 shares, which includes 335 shares subject to restricted stock units vesting within 60 days of December 31, 2024.
• He shares voting and dispositive power over 520,000 shares held by the Jessica Sarowitz Declaration of Trust, where his spouse is trustee and beneficiary.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive as it confirms a significant and stable insider ownership stake, which can be viewed favorably by investors as it aligns management's interests with shareholders. There are no negative operational or financial details in this type of filing.

Positives

• The continued significant beneficial ownership (15.8%) by a director, Steven Ira Sarowitz, indicates strong alignment of interests between a key insider and shareholders.
• The filing confirms a substantial and stable insider stake in Paylocity Holding Corporation.

Negatives

• This Schedule 13G filing primarily discloses beneficial ownership and does not contain information that would typically be categorized as negative for the company's operations or financial performance.

Risks

• This Schedule 13G filing is a disclosure of beneficial ownership and does not typically contain information regarding operational or financial risks to the company.

Future Outlook

NA

Industry Context

This filing is a routine disclosure of beneficial ownership by a significant insider and does not provide broader industry context or trends. It confirms a substantial insider stake in the Human Capital Management (HCM) software industry.

Related Party Transactions

• Steven Ira Sarowitz shares voting and dispositive power over 520,000 shares held by the Jessica Sarowitz Declaration of Trust, for which his spouse is trustee and beneficiary.

Stakeholder Impact

• Shareholders: The continued significant ownership by a director may enhance investor confidence due to strong alignment of interests.
• Employees, Customers, Suppliers, Creditors: This filing primarily concerns ownership structure and does not directly impact these stakeholders.

Key Dates

Keywords

Paylocity Holding Corporation, Steven Ira Sarowitz, Schedule 13G, Beneficial Ownership, Insider Ownership, Common Stock, SEC Filing, Director Ownership, Equity Stake