Form 4: Paylocity Holding Corp Director Steven I. Sarowitz Executes Stock Sales Under 10b5-1 Plan

Director Steven I. Sarowitz of Paylocity Holding Corp sold shares of common stock on May 12 and 13, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Steven I. Sarowitz, a director at Paylocity Holding Corp, executed sales of common stock on May 12 and 13, 2025.
• The sales were conducted under a pre-approved 10b5-1 trading plan adopted on December 17, 2024.
• On May 12, 2025, 100 shares were sold at a price of $200.54.
• On May 13, 2025, two transactions occurred: 16,410 shares were sold at a weighted average price of $200.61, and 1,490 shares were sold at a weighted average price of $201.19.
• Following these transactions, Sarowitz directly owns 8,330,335 shares and indirectly owns 402,000 shares through the Jessica P. Sarowitz Declaration of Trust.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document simply reports insider trading activity under a pre-arranged plan, which doesn't inherently indicate positive or negative sentiment.

Positives

• The sales were conducted under a pre-arranged 10b5-1 trading plan, which is generally viewed as a transparent and compliant way for insiders to sell shares.

Risks

• While the sales are under a 10b5-1 plan, large insider sales can sometimes be perceived negatively by the market.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Insider trading activity is closely monitored in the tech industry, and these transactions will be scrutinized by investors to assess management's confidence in the company's prospects.

Comparison to Industry Standards

• It's common for executives at publicly traded companies like Paylocity to utilize 10b5-1 plans to manage their stock sales, similar to practices at companies like Workday and Salesforce.
• The size and frequency of these sales are typical for executives managing their personal finances, and are similar to what is seen at comparable companies.

Stakeholder Impact

• The stock sales could have a minor impact on shareholder sentiment, depending on how the market interprets the transactions.
• Employees may also be interested in insider trading activity as an indicator of management's confidence.

Key Dates

Keywords

Paylocity Holding Corp, Insider Trading, Form 4, Sarowitz, 10b5-1 Plan, Stock Sales, PCTY, Director