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

Director Steven I. Sarowitz reported the sale of Paylocity Holding Corp shares under a pre-arranged 10b5-1 trading plan.

Summary

• Steven I. Sarowitz, a director and 10% owner of Paylocity Holding Corp, reported the sale of common stock on May 16, 2025, and May 19, 2025.
• The sales were executed under a pre-arranged 10b5-1 trading plan adopted on December 17, 2024.
• On May 16, 2025, 53,271 shares were sold at a weighted average price of $200.62 and 10,257 shares were sold at a weighted average price of $201.09.
• On May 19, 2025, 39,253 shares were sold at a weighted average price of $200.64 and 22,920 shares were sold at a weighted average price of $201.13.
• Following these transactions, Steven I. Sarowitz directly owns 8,330,335 shares and indirectly owns 265,191 shares through the Jessica P. Sarowitz Declaration of Trust.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock sales under a pre-existing plan, indicating a neutral sentiment.

Industry Context

Sales by insiders are a common occurrence, and pre-planned sales under 10b5-1 plans are a standard practice to avoid accusations of trading on inside information. The filing itself is a routine regulatory requirement.

Stakeholder Impact

• The stock sales could have a minor impact on shareholders due to the increased supply of shares in the market.

Key Dates

Keywords

Paylocity Holding Corp, Steven I. Sarowitz, Form 4, 10b5-1 Plan, Stock Sale, Director, PCTY