Form 4: Paylocity Holding Corp Director Steven I. Sarowitz Sells Shares Under 10b5-1 Plan

Director Steven I. Sarowitz of Paylocity Holding Corp sold shares of common stock on March 24, 2025, under a pre-arranged 10b5-1 trading plan.

Summary

• Steven I. Sarowitz, a director at Paylocity Holding Corp, sold shares of the company's common stock on March 24, 2025.
• The sales were executed under a pre-approved 10b5-1 trading plan adopted on December 17, 2024.
• A total of 26,252 shares were sold in multiple transactions at weighted average prices of $194.27, $195.16, and $195.91.
• These sales resulted in a decrease in the number of shares indirectly beneficially owned by Sarowitz through the Jessica P. Sarowitz Declaration of Trust, leaving a balance of 420,000 shares.
• Sarowitz directly owns 8,330,335 shares of Paylocity Holding Corp.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the document simply reports the sale of shares under a pre-existing 10b5-1 plan. There is no indication of positive or negative implications.

Industry Context

Sales by insiders are a common occurrence and are often planned in advance, especially through mechanisms like 10b5-1 plans. It's important to consider the context of these sales in relation to the company's overall performance and outlook.

Stakeholder Impact

• The share sales could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates

Keywords

Paylocity Holding Corp, Steven I. Sarowitz, Form 4, Share Sale, 10b5-1 Plan, Director, PCTY, Jessica P. Sarowitz Declaration of Trust